Van ECK Associates Corp Decreases Stock Holdings in Citigroup Inc. $C

Van ECK Associates Corp lowered its stake in Citigroup Inc. (NYSE:C) by 8.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 79,248 shares of the company’s stock after selling 7,068 shares during the quarter. Van ECK Associates Corp’s holdings in Citigroup were worth $11,092,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Truist Financial Corp grew its holdings in shares of Citigroup by 4.7% during the fourth 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. UniSuper Management Pty Ltd lifted its stake in shares of Citigroup by 38.8% in the fourth quarter. UniSuper Management Pty Ltd now owns 1,306,851 shares of the company’s stock worth $152,496,000 after buying an additional 365,041 shares in the last quarter. Brighton Jones LLC boosted its position in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Citigroup by 4.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,819,471 shares of the company’s stock worth $453,371,000 after acquiring an additional 145,610 shares during the last quarter. Finally, Highland Capital Management LLC grew its stake in Citigroup by 6.2% during the 4th quarter. Highland Capital Management LLC now owns 217,753 shares of the company’s stock valued at $25,410,000 after acquiring an additional 12,764 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 1.0%

Shares of NYSE C opened at $131.61 on Tuesday. The company has a 50 day simple moving average of $135.91 and a 200-day simple moving average of $126.89. The company has a market capitalization of $224.47 billion, a P/E ratio of 14.21, a P/E/G ratio of 0.60 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 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. The firm had revenue of $24.77 billion for 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 firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.96 earnings per share. On average, equities research analysts predict that Citigroup Inc. will post 11.21 earnings per share for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were paid a $0.67 dividend. This is a boost from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. Citigroup’s dividend payout ratio is currently 28.94%.

Citigroup declared that its board has approved a share buyback plan on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 13.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

C has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Truist Financial lowered their target price on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Weiss Ratings upgraded Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, August 24th. UBS Group cut their price target on Citigroup from $150.00 to $142.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Finally, Morgan Stanley boosted their price objective on Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.22.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Higher earnings expectations: Erste Group Bank raised its fiscal 2026 EPS forecast for Citigroup, signaling improving confidence in the bank’s earnings outlook. The revision could support investor sentiment, particularly following Citigroup’s recent quarterly earnings beat and 14.5% year-over-year revenue growth. Citigroup FY2026 EPS Forecast Raised by Erste Group Bank
• Neutral Sentiment: Citi research highlights energy infrastructure growth: Citi analysts said the Permian Basin may be entering a multiyear natural-gas infrastructure expansion supported by more durable demand. The report may benefit Citi’s research and investment-banking franchise, but it has no direct material effect on Citigroup’s own near-term financial results. Citi sees Permian Basin entering multi-year natural gas growth cycle
• Neutral Sentiment: Additional analyst activity: Citi maintained a Buy rating on India’s Indraprastha Gas after a compressed-natural-gas price increase and turned bullish on Oracle’s cloud and artificial-intelligence prospects. These recommendations demonstrate ongoing research activity but are not direct catalysts for Citigroup stock. IGL shares jump after CNG price hike Why Citi Analysts Are Bullish on Oracle Stock Now

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.