Citigroup Inc. $C Shares Purchased by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. boosted its stake in shares of Citigroup Inc. (NYSE:C) by 18.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,076 shares of the company’s stock after purchasing an additional 16,586 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Citigroup were worth $14,986,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Citigroup by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after buying an additional 4,938,923 shares in the last quarter. Geode Capital Management LLC raised its holdings in Citigroup by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock valued at $5,036,712,000 after acquiring an additional 189,548 shares in the last quarter. Franklin Resources Inc. lifted its stake in Citigroup by 4.0% in the fourth quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock worth $3,990,422,000 after acquiring an additional 1,326,224 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Citigroup by 2.6% in the fourth quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock worth $3,954,307,000 after acquiring an additional 846,772 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Citigroup by 2.8% during the 1st quarter. Bank of America Corp DE now owns 26,869,012 shares of the company’s stock worth $3,047,215,000 after acquiring an additional 728,043 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Down 3.5%

Shares of NYSE C opened at $132.90 on Thursday. The stock has a market cap of $226.67 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 0.62 and a beta of 1.12. 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 Inc. has a 52-week low of $90.68 and a 52-week high of $147.96. The business has a 50-day moving average price of $137.53 and a 200 day moving average price of $126.15.

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

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

Citigroup Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have commented on C shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $150.00 price objective on shares of Citigroup in a research report on Wednesday, July 15th. Wells Fargo & Company lifted their price objective on shares of Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. Argus set a $150.00 target price on shares of Citigroup in a research note on Wednesday, July 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a report on Friday, July 17th. Finally, Wall Street Zen downgraded Citigroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.22.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup launched its Custody+ platform, designed to provide continuous settlement, tokenized-asset capabilities and institutional custody services. Bitcoin custody for institutional clients is expected later this year, potentially creating new fee revenue and strengthening Citi’s position in the growing digital-asset infrastructure market. Citigroup Rolls Out Custody+ Platform With Bitcoin Services and Continuous Settlement
• Neutral Sentiment: The stock’s decline came after a strong recent advance, which may have encouraged short-term investors to lock in gains. Analysts continue to monitor whether Citi can sustain its earnings momentum after its latest quarterly results exceeded expectations. Citigroup Shares Slipped After Six-Session Winning Streak
• Negative Sentiment: July card delinquencies edged higher, renewing concerns about consumer credit quality and potential future losses. Lower charge-offs provided some offset, but investors may remain cautious while economic conditions and borrower performance are uncertain. C’s July Card Delinquencies Tick Up: Will This Impact Asset Quality?
• Negative Sentiment: Citigroup and five other banks agreed to an $86.4 million settlement related to alleged manipulation of Mexico’s bond market. Although the cost is modest relative to Citi’s size, the settlement adds to regulatory and litigation overhang. Major US Banks Agree to $86.4M Settlement in Mexican Bond-Rigging Case

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.