SEB Asset Management AB Invests $252.97 Million in Citigroup Inc. $C

SEB Asset Management AB bought a new stake in Citigroup Inc. (NYSE:C) in the 1st quarter, Holdings Channel.com reports. The fund bought 2,230,597 shares of the company’s stock, valued at approximately $252,972,000. Citigroup accounts for about 1.1% of SEB Asset Management AB’s holdings, making the stock its 14th biggest position.

Several other large investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Citigroup in the 4th quarter worth about $2,800,944,000. Vanguard Group Inc. increased its stake in shares of Citigroup by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock valued at $19,048,467,000 after acquiring an additional 4,938,923 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of Citigroup during the 4th quarter valued at about $298,082,000. SG Americas Securities LLC lifted its holdings in shares of Citigroup by 291.4% during the 4th quarter. SG Americas Securities LLC now owns 1,319,549 shares of the company’s stock worth $153,978,000 after acquiring an additional 2,008,946 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Citigroup by 28.4% during the 4th quarter. Deutsche Bank AG now owns 7,158,142 shares of the company’s stock worth $835,284,000 after acquiring an additional 1,582,150 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Citigroup

In other news, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.30, for a total value of $265,260.10. Following the completion of the sale, the director owned 12,194 shares of the company’s stock, valued at $1,527,908.20. This represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on C shares. JPMorgan Chase & Co. boosted their target price on shares of Citigroup from $135.50 to $149.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Wall Street Zen raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Morgan Stanley lifted their price target on shares of Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.67.

Citigroup Stock Performance

NYSE C opened at $129.46 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 1-year low of $87.94 and a 1-year high of $147.96. The firm has a market capitalization of $220.81 billion, a P/E ratio of 13.98, a P/E/G ratio of 0.59 and a beta of 1.11. The business’s 50-day simple moving average is $134.34 and its 200-day simple moving average is $123.33.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. The firm had revenue of $24.75 billion during the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.96 EPS. Equities analysts predict that Citigroup Inc. will post 11.15 EPS for the current year.

Citigroup announced that its Board of Directors has authorized a share repurchase program on Thursday, May 7th that allows the company to buyback $30.00 billion in shares. This buyback authorization allows the company to repurchase up to 13.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup was added to Zacks’ Rank #1 (Strong Buy) list, signaling improving earnings momentum and potentially attracting more near-term buying. New Strong Buy Stocks for July 17th
• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 earnings estimates for Citigroup, reinforcing the view that profits may continue trending higher. Citigroup stock page / analyst estimate update
• Positive Sentiment: Market commentary highlighted Citigroup as one of the standouts in early Q2 bank earnings, alongside peers that beat expectations, which supports the broader bullish case for the shares. Q2 Earnings: 2 Winners and 1 Loser So Far
• Positive Sentiment: Citigroup’s Q2 results beat estimates, with revenue and EPS both coming in above Wall Street forecasts, keeping investor sentiment constructive after the earnings release. Citigroup earnings data
• Neutral Sentiment: Citigroup announced a full redemption of its Series T preferred stock, which is a capital-structure change but not a major operating catalyst by itself. Citigroup Announces Full Redemption of Series T Preferred Stock
• Neutral Sentiment: Several brokerage and market items reiterated or discussed Citigroup’s valuation and relative attractiveness versus peers, adding context but not introducing a major new surprise. Citigroup vs. Wells Fargo: Which Bank Stock Looks Attractive Post Q2 Results?

About Citigroup

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.