Mn Services Vermogensbeheer B.V. Grows Stock Position in Citigroup Inc. $C

Mn Services Vermogensbeheer B.V. raised its position in shares of Citigroup Inc. (NYSE:C) by 1.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 505,603 shares of the company’s stock after purchasing an additional 8,600 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Citigroup were worth $65,465,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Paladin Partners LLC purchased a new position in shares of Citigroup in the 2nd quarter worth about $27,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Citigroup during the 2nd quarter valued at about $29,000. Whipplewood Advisors LLC purchased a new position in shares of Citigroup during the 1st quarter valued at about $25,000. TD Capital Management LLC bought a new stake in Citigroup in the 4th quarter worth approximately $28,000. Finally, IMG Wealth Management Inc. lifted its position in Citigroup by 197.6% in 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 last quarter. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Evercore set a $140.00 target price on shares of Citigroup in a research report on Thursday, October 1st. Argus set a $150.00 price target on shares of Citigroup in a research report on Wednesday, July 15th. Wells Fargo & Company upped their price target on shares of Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Finally, UBS Group reduced their price objective on Citigroup from $142.00 to $139.00 and set a “neutral” rating on the stock in a research note on Monday. One 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.28.

Citigroup News Summary

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 roughly 17% upside from the referenced price. The call highlights potential for earnings growth and continued improvement in Citi’s transformation. TD Cowen initiates Citigroup coverage
• Positive Sentiment: Analysts expect third-quarter results to benefit from higher net interest income and market-related revenue. Investors will also focus on cost savings, operating efficiency and the sustainability of capital returns. Citigroup Q3 earnings outlook
• Positive Sentiment: Recent commentary argues Citi could gain approximately 28% if it narrows its valuation discount to other large financial institutions. The thesis centers on the bank’s transformation, potential earnings improvement and relatively inexpensive valuation. Citigroup has trailed financial stocks
• Positive Sentiment: Citi’s expanded collaboration with Coinbase connects its payment infrastructure with stablecoin rails, potentially creating new transaction, treasury-management and digital-asset opportunities for corporate and e-commerce customers. Citi and Coinbase stablecoin partnership
• Neutral Sentiment: Wall Street estimates and investor attention are increasing ahead of the September-quarter report. The outcome will depend on whether stronger revenue trends translate into sustainable profitability and whether management maintains its outlook. Citigroup Q3 performance estimates
• Negative Sentiment: UBS lowered its Citigroup price target to $139, signaling more limited near-term upside than other recent analyst calls. Separately, rising Treasury yields and broader rate volatility could pressure banks through funding costs, securities losses and weaker capital-markets conditions. UBS cuts Citigroup price target

Citigroup Stock Performance

Shares of C stock opened at $127.96 on Friday. The stock has a fifty day moving average of $133.80 and a 200 day moving average of $131.31. Citigroup Inc. has a 52 week low of $93.66 and a 52 week high of $147.96. The firm has a market capitalization of $218.24 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 0.56 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.

Citigroup (NYSE:C) last released its quarterly 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. The business had revenue of $24.77 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.96 earnings per share. As a group, research analysts expect that Citigroup Inc. will post 11.19 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s payout ratio is presently 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.