Citigroup Inc. $C Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its stake in shares of Citigroup Inc. (NYSE:C) by 9.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 285,207 shares of the company’s stock after acquiring an additional 25,162 shares during the quarter. NEOS Investment Management LLC’s holdings in Citigroup were worth $39,918,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Paladin Partners LLC purchased a new stake in shares of Citigroup during the second quarter valued at $27,000. Pin Oak Investment Advisors Inc. purchased a new position in Citigroup in the 2nd quarter worth about $29,000. Mcguire Capital Advisors Inc. acquired a new stake in Citigroup during the 4th quarter worth about $25,000. Whipplewood Advisors LLC purchased a new stake in Citigroup during the first quarter valued at about $25,000. Finally, TD Capital Management LLC purchased a new stake in Citigroup during the fourth quarter valued at about $28,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

Shares of C opened at $138.10 on Friday. The company has a market capitalization of $235.54 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 0.60 and a beta of 1.12. Citigroup Inc. has a fifty-two week low of $93.66 and a fifty-two week high of $147.96. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The business’s 50-day moving average is $135.33 and its 200-day moving average is $127.36.

Citigroup (NYSE:C) last posted its quarterly 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 business had revenue of $24.77 billion during the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 earnings per share. Equities research analysts expect that Citigroup Inc. will post 11.21 EPS for the current fiscal year.

Citigroup declared that its board has authorized a share buyback program on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 13.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s payout ratio is currently 28.94%.

Analyst Ratings Changes

Several research analysts have recently weighed in on C shares. Zacks Research raised shares of Citigroup from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Argus set a $150.00 price target on shares of Citigroup in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, August 24th. Wells Fargo & Company boosted their target price on shares of Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. Finally, Morgan Stanley increased their target price on Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.22.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Buybacks and dividends support the stock: Citigroup is accelerating share repurchases and dividend payments as stronger earnings, excess capital and business simplification improve its ability to return money to shareholders. The strategy could enhance per-share earnings and reinforce confidence in management’s turnaround plan. Can Citigroup Sustain Its Aggressive Capital Return Strategy?
• Positive Sentiment: Blockchain payments provide a growth catalyst: Citi’s Services business processed live transactions on Swift’s blockchain-based ledger, making it the first U.S. bank to conduct native ledger transactions through the initiative. The move strengthens Citi’s positioning in always-on, cross-border payments and could create longer-term revenue opportunities with institutional clients. Citi’s Services Business Pioneers Live Transactions on Swift’s Ledger
• Positive Sentiment: AI-driven expense controls may improve profitability: Citi is using artificial intelligence to review and renegotiate outside law-firm billing. Although the savings potential was not quantified, lower legal expenses could support operating efficiency across capital-markets, compliance and banking operations. Citigroup Uses AI To Push Law Firms On Fees
• Neutral Sentiment: Currency view signals a changing rate outlook: Citi recommended shorting the U.S. dollar against the Canadian dollar, anticipating that stretched U.S.-Canada interest-rate differentials will reverse. The call highlights potential shifts in Federal Reserve expectations but has limited direct impact on Citigroup’s fundamental earnings. Citi goes short USD/CAD
• Negative Sentiment: UK sanctions-related penalty remains a reputational and compliance risk: Citi was fined £4.7 million for historical breaches of Russian sanctions at its London branch. The financial cost is modest relative to Citi’s size, but the action underscores ongoing regulatory and control risks. Citigroup Fined £4.7 Million in UK for Russia Sanctions Breaches

Citigroup Company 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.