Nisa Investment Advisors LLC Purchases 30,247 Shares of Citigroup Inc. $C

Nisa Investment Advisors LLC boosted its position in shares of Citigroup Inc. (NYSE:C) by 7.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 449,881 shares of the company’s stock after buying an additional 30,247 shares during the period. Nisa Investment Advisors LLC’s holdings in Citigroup were worth $58,251,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. State Street Corp lifted its position in shares of 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 in the last quarter. Bank of America Corp DE boosted its stake in shares of Citigroup by 2.8% in the first 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 during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Citigroup in the second quarter worth approximately $3,244,602,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Citigroup by 10.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,467,857 shares of the company’s stock worth $1,745,001,000 after purchasing an additional 1,210,006 shares in the last quarter. Finally, Amundi increased its position in shares of Citigroup by 3.2% during the first quarter. Amundi now owns 12,126,823 shares of the company’s stock worth $1,375,303,000 after purchasing an additional 374,840 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Morgan Stanley sees significant upside. The firm reportedly believes Citigroup’s recent decline was unjustified and estimates approximately 32% upside, potentially supporting the stock after its roughly 6% post-earnings drop. Morgan Stanley sees 32% Citigroup upside after brutal sell-off
• Positive Sentiment: Dividend declaration provides shareholder support. Citigroup’s board approved a quarterly common-stock dividend of $0.67 per share, payable November 25 to shareholders of record November 2. The board also approved dividends for 12 preferred-stock series, reinforcing the bank’s capital-return profile. Citigroup Declares Common Stock Dividend
• Positive Sentiment: Citi Commerce Media opens a potential growth avenue. The bank is using transaction data to help advertisers predict future purchases, creating a new commercial-data and advertising business that could diversify revenue beyond traditional banking. Advertisers Should Stop Chasing Customers, Start Predicting Purchases
• Neutral Sentiment: China access and AI restructuring remain watch points. U.S.-China discussions reportedly addressed Citigroup’s permissions in China, while Citi expanded its AI leadership team with external hires and internal promotions. Progress could improve long-term growth, but the financial impact remains uncertain. What Is Citigroup Signaling With China Talks And Its AI Reset?
• Neutral Sentiment: Citigroup crossed a 3% ownership threshold in Solvay. The disclosure reflects a financial-interest position, but it does not appear to materially affect Citigroup’s earnings outlook. Citigroup Lifts Stake Above 3% in Solvay

Analyst Upgrades and Downgrades

Several research analysts recently commented on C shares. Bank of America increased their price objective on Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. HSBC began coverage on Citigroup in a report on Monday, September 28th. They issued a “buy” rating and a $164.00 price objective on the stock. Royal Bank Of Canada lowered their target price on shares of Citigroup from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 14th. Evercore set a $135.00 target price on shares of Citigroup in a report on Wednesday, October 14th. Finally, Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $150.79.

Citigroup Stock Up 0.7%

C stock opened at $122.56 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.78. The firm has a 50-day moving average of $132.20 and a two-hundred day moving average of $132.05. Citigroup Inc. has a 12 month low of $95.00 and a 12 month high of $147.96. The company has a market cap of $209.03 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.53 and a beta of 1.13.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.19. The business had revenue of $23.84 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.86 EPS. As a group, analysts forecast that Citigroup Inc. will post 11.42 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 2nd will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 2nd. Citigroup’s dividend payout ratio (DPR) is currently 26.15%.

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi’s consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.