5,686 Citigroup Inc. $C Shares Acquired by Summit Global Investments

Summit Global Investments grew its stake in Citigroup Inc. (NYSE:C) by 20.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,751 shares of the company’s stock after purchasing an additional 5,686 shares during the quarter. Summit Global Investments’ holdings in Citigroup were worth $4,370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of C. Bank of New York Mellon Corp purchased a new position in Citigroup in the 2nd quarter valued at about $3,244,602,000. Nykredit A S purchased a new stake in Citigroup during the 2nd quarter worth approximately $458,275,000. State Street Corp increased its stake in Citigroup by 3.7% during the 2nd quarter. State Street Corp now owns 80,956,349 shares of the company’s stock worth $11,199,986,000 after buying an additional 2,913,701 shares in the last quarter. SEB Asset Management AB acquired a new position in shares of Citigroup during the first quarter valued at approximately $252,972,000. Finally, OMERS ADMINISTRATION Corp raised its holdings in shares of Citigroup by 1,137.1% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,840,374 shares of the company’s stock valued at $257,579,000 after acquiring an additional 1,691,611 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group set a $148.00 target price on Citigroup in a research report on Wednesday, October 14th. Truist Financial dropped their price target on Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Royal Bank Of Canada dropped their price target on Citigroup from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, October 14th. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, TD Cowen decreased their price objective on Citigroup from $150.00 to $148.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. One equities 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.87.

Citigroup Stock Performance

C opened at $122.62 on Friday. Citigroup Inc. has a twelve month low of $95.83 and a twelve month high of $147.96. The firm has a market capitalization of $209.14 billion, a PE ratio of 11.96, a PEG ratio of 0.54 and a beta of 1.13. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.78. The firm’s 50-day moving average price is $130.02 and its 200 day moving average price is $126.44.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.19. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The company had revenue of $23.84 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. Citigroup’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts expect that Citigroup Inc. will post 11.44 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 2nd will be given a $0.67 dividend. The ex-dividend date is Monday, November 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.2%. Citigroup’s dividend payout ratio is 26.15%.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Debt redemption may improve funding flexibility. Citibank, N.A., Citigroup’s principal banking subsidiary, announced the full redemption of $2 billion of 5.488% notes due 2026 and $500 million of floating-rate notes due 2026. Retiring the obligations could reduce future interest expense and refinancing needs, although it also uses $2.5 billion of cash. Citibank Announces $2 Billion Redemption of Notes
• Positive Sentiment: Recent operating trends remain supportive. Citigroup’s latest reported quarter exceeded consensus estimates on earnings and revenue, while management raised its 2026 return-on-tangible-common-equity target above 11%, improved its net-interest-income outlook, increased the dividend and authorized a new $30 billion buyback. These measures provide potential support for earnings per share and shareholder returns. Citigroup Could Be Undervalued
• Neutral Sentiment: Options activity signals volatility, not direction. Recent options-market activity indicates traders are positioning for a potentially large move in C stock, but the available report does not establish whether investors are predominantly bullish or bearish. Options Traders Betting on a Big Move in Citigroup Stock
• Negative Sentiment: Technical weakness is offsetting the fundamental positives. Shares remain below both their 50-day and 200-day moving averages after a recent pullback. That positioning can encourage short-term selling and profit-taking, particularly while investors await a clearer catalyst beyond the buyback, dividend and guidance upgrades.

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi’s consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.