Nomura Asset Management Co. Ltd. Increases Stock Position in Citigroup Inc. $C

Nomura Asset Management Co. Ltd. increased its position in Citigroup Inc. (NYSE:C) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 914,624 shares of the company’s stock after acquiring an additional 30,245 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.05% of Citigroup worth $106,727,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in C. Norges Bank purchased a new position in Citigroup in the 4th quarter worth approximately $2,800,944,000. Vanguard Group Inc. raised its holdings in Citigroup by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after acquiring an additional 4,938,923 shares during the last quarter. Capital World Investors grew its position in Citigroup by 6.5% in the 3rd quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock worth $4,797,292,000 after purchasing an additional 2,871,074 shares during the period. Bessemer Group Inc. grew its position in Citigroup by 6,172.0% in the 3rd quarter. Bessemer Group Inc. now owns 2,904,795 shares of the company’s stock worth $294,838,000 after purchasing an additional 2,858,481 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of Citigroup during the 4th quarter valued at $298,082,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Piper Sandler restated an “overweight” rating and issued a $145.00 price target (up from $125.00) on shares of Citigroup in a research note on Wednesday, April 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $139.00 price objective on shares of Citigroup in a research report on Wednesday, April 15th. Oppenheimer reiterated an “outperform” rating and set a $145.00 price objective on shares of Citigroup in a research report on Friday, May 8th. Barclays upped their price objective on Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $137.62.

Citigroup Trading Up 0.8%

Shares of C stock opened at $125.73 on Friday. Citigroup Inc. has a 1 year low of $74.30 and a 1 year high of $135.29. The firm has a fifty day moving average price of $122.89 and a 200-day moving average price of $115.69. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $214.44 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.56 and a beta of 1.14.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The firm had revenue of $24.63 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the previous year, the firm posted $1.96 EPS. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities analysts predict that Citigroup Inc. will post 10.68 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. Citigroup’s payout ratio is presently 29.74%.

Citigroup declared that its Board of Directors has authorized a stock repurchase program on Thursday, May 7th that permits the company to repurchase $30.00 billion in shares. This repurchase authorization permits the company to buy up to 13.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s latest quarter beat expectations, with EPS of $3.06 versus $2.63 expected and revenue of $24.63 billion topping estimates, reinforcing confidence in the bank’s earnings momentum.
• Positive Sentiment: Recent coverage highlights Citigroup’s growth drivers, including loan demand, private credit expansion, and ongoing transformation efforts that analysts say could support revenue growth through 2026. Top Research Reports for Citigroup, TotalEnergies & AppLovin
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple firms maintaining Buy/Overweight ratings and recent price targets clustering well above the current trading range, suggesting room for further upside.
• Positive Sentiment: News that Citigroup is concentrating more wealth-management hiring in Asia points to a strategic push into a faster-growing, more productive market segment. Citigroup Inc. (C) Anchors Wealth Hiring in Asia
• Neutral Sentiment: Several articles also note Citigroup’s stock has been broadly outperforming some financial peers this year, but these pieces are more comparison-focused than catalyst-driven. Is Citigroup (C) Stock Outpacing Its Finance Peers This Year?
• Negative Sentiment: Some institutional holdings data show major investors trimming positions, including BlackRock and T. Rowe Price, which may temper enthusiasm despite the stronger operating trends.

Insiders Place Their Bets

In other news, Director John Cunningham Dugan sold 2,117 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.30, for a total transaction 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. The trade was a 14.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Edward Skyler sold 25,000 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the sale, the insider directly owned 182,022 shares of the company’s stock, valued at approximately $23,919,511.02. The trade was a 12.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.11% of the company’s stock.

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.