Candriam S.C.A. Has $23.56 Million Stock Position in Citigroup Inc. $C

Candriam S.C.A. lifted its stake in shares of Citigroup Inc. (NYSE:C) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,098 shares of the company’s stock after purchasing an additional 7,496 shares during the quarter. Candriam S.C.A.’s holdings in Citigroup were worth $23,558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in C. Brookstone Capital Management boosted its stake in Citigroup by 31.5% in the 3rd quarter. Brookstone Capital Management now owns 75,914 shares of the company’s stock worth $7,705,000 after purchasing an additional 18,176 shares during the period. Permanent Capital Management LP purchased a new stake in shares of Citigroup in the third quarter worth about $1,238,000. Donaldson Capital Management LLC bought a new position in shares of Citigroup in the third quarter valued at approximately $58,994,000. Penobscot Investment Management Company Inc. boosted its position in shares of Citigroup by 61.5% in the third quarter. Penobscot Investment Management Company Inc. now owns 57,033 shares of the company’s stock valued at $5,789,000 after acquiring an additional 21,720 shares during the period. Finally, Perigon Wealth Management LLC grew its stake in Citigroup by 27.2% during the third quarter. Perigon Wealth Management LLC now owns 75,566 shares of the company’s stock valued at $7,670,000 after acquiring an additional 16,171 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Trading Up 0.9%

NYSE C opened at $123.84 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. The stock’s 50-day simple moving average is $115.69 and its two-hundred day simple moving average is $104.23. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $125.16. The company has a market capitalization of $221.58 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 0.78 and a beta of 1.18.

Citigroup (NYSE:C) last announced its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.65 by $0.16. The firm had revenue of $19.87 billion for the quarter, compared to analyst estimates of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.34 EPS. Research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, February 2nd. Citigroup’s dividend payout ratio (DPR) is presently 34.43%.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: JPMorgan raised its price target on Citigroup to $134 and kept an “overweight” rating — a bullish analyst call that supports further upside from current levels and likely helped buying interest. JPMorgan Raises PT
• Positive Sentiment: Momentum: Citi shares reached a 52‑week high recently, signaling strong market sentiment and technical buying that often attracts momentum and institutional flows. Citigroup 52-Week High
• Positive Sentiment: Investment-banking deal flow: Citigroup is a joint global coordinator on the UI Boustead REIT Singapore IPO — underwriting roles like this generate fees and reflect ongoing capital markets activity that benefits bank revenue. UI Boustead REIT IPO
• Neutral Sentiment: Capital structure watch: Recent coverage highlights how new preferred-stock and bond issuances are reshaping Citi’s capital mix — this affects valuation and capital-return optionality but isn’t an immediate earnings event. Investors should monitor issuance size/timing and any changes to buyback/dividend plans. Citigroup Valuation / Capital Mix
• Neutral Sentiment: Research activity and positioning: Citi research has taken visible stances (e.g., bullish coverage on MicroStrategy and coverage changes on other names). These reflect the bank’s flow and research revenue but do not directly move Citi’s own stock materially. Citi Research on MicroStrategy
• Neutral Sentiment: Portfolio repositioning: Citigroup entities have notified they ceased being substantial holders in IDP Education (Australia) — a routine desk/inventory move that signals active balance-sheet/position management rather than a company fundamental change. Citi Ceases To Be Substantial Holder

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Oppenheimer increased their target price on shares of Citigroup from $141.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. TD Cowen reaffirmed a “hold” rating on shares of Citigroup in a report on Wednesday, January 7th. JPMorgan Chase & Co. increased their price objective on Citigroup from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Monday. Bank of America boosted their target price on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $121.00 price target on shares of Citigroup in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and a consensus price target of $126.19.

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.