Citigroup Inc. $C Shares Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 51.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 524,114 shares of the company’s stock after buying an additional 178,858 shares during the period. Artemis Investment Management LLP’s holdings in Citigroup were worth $67,862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in C. Paladin Partners LLC bought a new position in shares of Citigroup in the 2nd quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Citigroup in the second quarter valued at approximately $29,000. Whipplewood Advisors LLC bought a new position in shares of Citigroup in the first quarter valued at approximately $25,000. TD Capital Management LLC acquired a new stake in shares of Citigroup in the fourth quarter worth $28,000. Finally, IMG Wealth Management Inc. boosted its holdings in shares of Citigroup by 197.6% during the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after buying an additional 162 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: TD Cowen initiated coverage with a Buy rating and a $150 price target, implying substantial upside from recent trading levels. Benzinga analyst coverage report
• Positive Sentiment: A Barron’s analysis argued that Citigroup could gain roughly 28% if its valuation rerates closer to major banking peers, reinforcing the longer-term recovery thesis. Barron’s Citigroup valuation analysis
• Positive Sentiment: Citigroup’s expanded collaboration with Coinbase connects its payment network and virtual-account infrastructure with stablecoin rails. The initiative could create new transaction and cross-border payment revenue opportunities, although the financial impact remains uncertain. Citi and Coinbase stablecoin partnership
• Positive Sentiment: Wall Street is preparing for Citigroup’s September-quarter results, with investor attention focused on whether continued revenue growth, trading activity and expense control can support another earnings beat. Citigroup third-quarter estimates
• Neutral Sentiment: Citigroup remains a heavily watched stock, while recent commentary highlights its prior quarterly earnings beat and double-digit year-over-year revenue growth. However, the latest articles do not identify a new operating result that would materially change estimates. Citigroup investor attention
• Negative Sentiment: UBS lowered its Citigroup price target to $139 from $142 and maintained a Neutral rating, signaling limited conviction in near-term outperformance. UBS Citigroup price target update
• Negative Sentiment: Analysts warn that rapidly rising yields can pressure banks through bond-market losses, tighter financial conditions and potential credit-quality concerns ahead of third-quarter results. Banks under pressure from rising yields

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on C shares. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Truist Financial decreased their target price on Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. HSBC assumed coverage on Citigroup in a research report on Monday, September 28th. They issued a “buy” rating and a $164.00 price target on the stock. Morgan Stanley raised their price objective on shares of Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Finally, Wall Street Zen cut shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.28.

Citigroup Stock Performance

Citigroup stock traded down $0.29 on Thursday, hitting $127.03. The company’s stock had a trading volume of 3,408,021 shares, compared to its average volume of 12,448,206. Citigroup Inc. has a one year low of $93.66 and a one year high of $147.96. The firm has a market cap of $216.65 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The company has a fifty day moving average price of $133.89 and a 200-day moving average price of $131.18.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The business had revenue of $24.77 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same period in the previous year, the business earned $1.96 EPS. The firm’s revenue was up 14.5% on a year-over-year basis. On average, equities analysts anticipate that Citigroup Inc. will post 11.19 earnings per share for the current year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.68 annualized dividend and a yield of 2.1%. This is an increase from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s payout ratio is 28.94%.

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City and listed on the New York Stock Exchange under the symbol C. Through its subsidiaries and businesses, Citi provides banking, lending, investment, payments, wealth management and other financial services to consumers, businesses, governments and institutional clients.

Citi’s principal businesses include Services, which supports institutional clients with treasury, trade, securities services and related solutions; Markets, which provides sales, trading, research and financing services; Banking, which offers investment banking and corporate banking; and Wealth, which provides private banking and wealth management.