Legal & General Group Plc Lowers Stock Position in Citigroup Inc. $C

Legal & General Group Plc cut its stake in shares of Citigroup Inc. (NYSE:C) by 8.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,539,235 shares of the company’s stock after selling 1,084,096 shares during the quarter. Legal & General Group Plc owned 0.74% of Citigroup worth $1,754,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in shares of Citigroup by 8.3% during the 2nd quarter. Jones Financial Companies Lllp now owns 1,534,134 shares of the company’s stock valued at $217,463,000 after buying an additional 117,307 shares in the last quarter. Fiduciary Financial Advisors bought a new stake in shares of Citigroup during the 2nd quarter worth $246,000. Vega Investment Solutions grew its position in Citigroup by 106.2% in the second quarter. Vega Investment Solutions now owns 10,600 shares of the company’s stock worth $1,484,000 after acquiring an additional 5,460 shares in the last quarter. Twin Peaks Wealth Advisors LLC grew its position in Citigroup by 16.1% in the second quarter. Twin Peaks Wealth Advisors LLC now owns 1,950 shares of the company’s stock worth $273,000 after acquiring an additional 271 shares in the last quarter. Finally, Visionary Wealth Advisors increased its stake in Citigroup by 5.3% in the second quarter. Visionary Wealth Advisors now owns 9,442 shares of the company’s stock valued at $1,322,000 after acquiring an additional 477 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 0.0%

Shares of NYSE:C opened at $131.65 on Tuesday. The stock’s 50-day moving average is $137.01 and its 200 day moving average is $126.45. The company has a market cap of $224.54 billion, a PE ratio of 14.22, a P/E/G ratio of 0.59 and a beta of 1.12. 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 $92.96 and a 1 year high of $147.96.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.41. The business had revenue of $24.77 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $1.96 EPS. Sell-side analysts anticipate that Citigroup Inc. will post 11.2 EPS for the current year.

Citigroup declared that its Board of Directors has approved a stock buyback program on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 13.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 3rd will be paid a $0.67 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 dividend on an annualized basis and a yield of 2.0%. Citigroup’s payout ratio is 28.94%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on C. Evercore set a $143.00 price target on Citigroup in a research note on Monday, July 6th. Morgan Stanley increased their price objective on Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Wall Street Zen cut Citigroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Wells Fargo & Company boosted their target price on Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $145.22.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup experienced unusual options activity, including bullish call sweeps and a reported $223 million after-hours block trade. The activity appears to reflect institutional interest and may provide short-term support for the shares. Citigroup Sees Unusual Options Activity and $223 Million Block Trade After Hours
• Positive Sentiment: Citi and India’s Axis Bank are partnering to capture nonresident Indian deposits and increase dollar inflows. The initiative could expand Citi’s cross-border deposits, payments and foreign-exchange business in a strategically important market. Citigroup and Axis Bank Team Up on Leveraged India Dollar Deposit Boom
• Positive Sentiment: Citigroup reported $647.2 billion in sustainable financing commitments since 2020 and established new 2030 goals. The progress may strengthen the bank’s relationships with corporate clients and support long-term fee opportunities, though the direct earnings impact is uncertain. Citi Reports Sustainable Finance Progress and Sets New 2030 Goals
• Neutral Sentiment: Analyst coverage remains favorable based on Citigroup’s average brokerage recommendation. However, the report cautions that sell-side ratings can be overly optimistic, limiting the reliability of this signal as a stand-alone reason to buy. Is Citigroup a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: Citigroup has room under the national deposit cap to acquire a large regional bank, but CEO Jane Fraser continues to emphasize organic growth rather than mergers and acquisitions. This preserves strategic flexibility without creating an immediate deal catalyst. Wells Fargo and Citigroup Have Room to Buy a Big Bank

Citigroup 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.