11,107 Citigroup Inc. $C Shares Sold by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators reduced its stake in Citigroup Inc. (NYSE:C) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 239,399 shares of the company’s stock after selling 11,107 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Citigroup were worth $30,997,000 as of its most recent filing with the Securities and Exchange Commission.

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

Citigroup News Summary

Investors following C have been watching these news items:

• Positive Sentiment: Citi is redesigning 100 processes as it adopts AI, a potentially meaningful efficiency initiative. The accompanying survey found only 13% of banking professionals say their institutions typically redesign workflows end to end when adopting AI, suggesting Citi’s effort could help distinguish its transformation if it delivers results. Exclusive research: Citi is redesigning 100 processes. What’s stopping others?
• Positive Sentiment: Analyst commentary points to Citi trading at a discount to the industry, with an improving earnings outlook and ongoing business transformation—factors that could support the investment case, though the article does not identify a new company announcement. C Trades at a Discount to Industry: Right Time to Buy the Stock?
• Neutral Sentiment: Citi will redeem $1 billion of its 4.15% Series Y preferred stock, ending dividend accrual on November 15. The move simplifies its capital structure, but the report does not establish a material effect on common-share earnings or capital. Citigroup (C) Redeems Preferred Stock

Citigroup Stock Down 0.1%

NYSE C opened at $124.09 on Friday. The firm has a market cap of $211.65 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 0.55 and a beta of 1.18. Citigroup Inc. has a one year low of $95.83 and a one year high of $147.96. The stock’s 50 day simple moving average is $128.15 and its 200 day simple moving average is $126.77. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 1.00.

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

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, November 2nd. Citigroup’s dividend payout ratio is presently 26.15%.

Analyst Ratings Changes

Several research firms have issued reports on C. Royal Bank Of Canada dropped their price objective on Citigroup from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, October 14th. UBS Group set a $148.00 target price on shares of Citigroup in a research note on Wednesday, October 14th. Loop Capital set a $155.00 target price on shares of Citigroup in a report on Tuesday, October 13th. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Finally, Evercore set a $135.00 price target on shares of Citigroup 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.87.

Citigroup Company Profile

Citigroup Inc. is a global financial services company headquartered in New York City. Founded in 1812 as the City Bank of New York, it has grown into an international banking organization serving individuals, businesses, governments and institutions. The company provides consumer banking and wealth management services, including deposits, lending, credit cards and investment services. For corporate and institutional clients, Citi offers transaction banking, treasury and trade solutions, securities services, investment banking, and markets and financing services.