Raiffeisen Bank International AG Has $9.63 Million Holdings in Citigroup Inc. $C

Raiffeisen Bank International AG lifted its stake in Citigroup Inc. (NYSE:C) by 91.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,157 shares of the company’s stock after buying an additional 39,325 shares during the period. Raiffeisen Bank International AG’s holdings in Citigroup were worth $9,630,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Truist Financial Corp raised its holdings in shares of Citigroup by 4.7% in the 4th quarter. Truist Financial Corp now owns 375,977 shares of the company’s stock worth $43,873,000 after buying an additional 16,744 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of Citigroup by 17.3% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 663,416 shares of the company’s stock worth $67,337,000 after buying an additional 98,082 shares in the last quarter. Gunderson Capital Management Inc. acquired a new position in shares of Citigroup in the 4th quarter worth approximately $7,165,000. Brighton Jones LLC raised its holdings in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after buying an additional 12,499 shares in the last quarter. Finally, Varma Mutual Pension Insurance Co raised its holdings in shares of Citigroup by 21.9% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 341,876 shares of the company’s stock worth $34,700,000 after buying an additional 61,500 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

C has been the subject of a number of recent research reports. Wall Street Zen raised Citigroup from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Evercore set a $139.00 price target on Citigroup in a report on Wednesday, April 15th. Keefe, Bruyette & Woods raised their price target on Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Barclays raised their price target on Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Finally, Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $137.62.

Citigroup Trading Up 3.4%

C stock opened at $137.89 on Friday. The business has a fifty day moving average price of $126.85 and a 200 day moving average price of $117.91. Citigroup Inc. has a fifty-two week low of $76.11 and a fifty-two week high of $138.23. The stock has a market capitalization of $235.18 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 0.60 and a beta of 1.12. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. The firm had revenue of $24.63 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The business’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm posted $1.96 EPS. Analysts expect that Citigroup Inc. will post 10.68 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 4th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, May 4th. Citigroup’s dividend payout ratio (DPR) is presently 29.74%.

Citigroup declared that its Board of Directors has approved a share buyback plan on Thursday, May 7th that permits the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup launched a blockchain platform for tokenized private-company shares, becoming the first major bank to issue and custody digital depositary receipts. Investors may view this as a sign that Citi is leaning into a new growth area in private markets and digital assets. Citigroup Is Rolling Out Tokenized Shares of Private Companies
• Positive Sentiment: Citi also expanded the initiative through tokenized depositary receipts aimed at broadening access to private markets, which could support fee generation and reinforce the bank’s innovation narrative. Citigroup Expands Access to Private Markets With Tokenized Depositary Receipts
• Positive Sentiment: Separately, commentary highlighted Citigroup’s turnaround progress, stronger trading results, and a solid investment-banking outlook, reinforcing the view that earnings momentum is improving. C Highlights Turnaround Progress, Solid Q2 Trading & IB Outlook
• Neutral Sentiment: Citigroup hired Ryan Beaupré as a managing director in consumer and retail investment banking, a modest but constructive staffing move that supports its dealmaking push. Citi hires Ryan Beaupré as MD in consumer and retail investment banking push
• Neutral Sentiment: Trump’s public praise for Citi’s M&A ranking has added attention to the stock, but the boost may be limited because the ranking itself has been disputed and does not fully reflect Citi’s actual position. Citigroup shares outperform down market after Trump endorsement

Insiders Place Their Bets

In other Citigroup news, insider Edward Skyler sold 25,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total value of $3,285,250.00. Following the transaction, the insider directly owned 182,022 shares in the company, valued at approximately $23,919,511.02. This trade represents a 12.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.30, for a total value of $265,260.10. Following the completion of the transaction, the director owned 12,194 shares in the company, valued at $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.11% of the stock is currently owned by company insiders.

Citigroup Company 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.