Financiere des Professionnels Fonds d investissement inc. Raises Stock Holdings in Citigroup Inc. $C
by Jessica Moore · The Cerbat GemFinanciere des Professionnels Fonds d investissement inc. boosted its holdings in shares of Citigroup Inc. (NYSE:C – Free Report) by 37.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,186 shares of the company’s stock after purchasing an additional 8,557 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Citigroup were worth $3,165,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in C. Hedeker Wealth LLC boosted its stake in shares of Citigroup by 2.3% during the 3rd quarter. Hedeker Wealth LLC now owns 91,955 shares of the company’s stock valued at $9,333,000 after buying an additional 2,035 shares during the last quarter. Signaturefd LLC raised its holdings in Citigroup by 2.1% in the third quarter. Signaturefd LLC now owns 21,674 shares of the company’s stock valued at $2,200,000 after acquiring an additional 445 shares in the last quarter. GAM Holding AG bought a new position in Citigroup during the 3rd quarter valued at $371,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Citigroup during the 3rd quarter worth $205,000. Finally, Brookwood Investment Group LLC increased its position in shares of Citigroup by 204.7% in the 3rd quarter. Brookwood Investment Group LLC now owns 10,121 shares of the company’s stock worth $1,027,000 after purchasing an additional 6,799 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have recently commented on C shares. TD Cowen increased their price target on shares of Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Morgan Stanley increased their target price on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Wolfe Research reiterated an “outperform” rating and issued a $121.00 price target on shares of Citigroup in a report on Wednesday, December 17th. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Piper Sandler lifted their price target on shares of Citigroup from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $115.25.
Read Our Latest Stock Analysis on Citigroup
Citigroup News Roundup
Here are the key news stories impacting Citigroup this week:
- Positive Sentiment: Analyst bullishness — Piper Sandler projects upside for Citigroup shares, citing the bank’s positioning and outlook; analyst commentary is supporting buyer interest. Article Title
- Positive Sentiment: Fundamentals: Citigroup’s latest reported quarter beat consensus (EPS $2.24 vs $1.89 estimate and revenue $22.09B vs $20.92B), which underpins stronger earnings visibility and likely helps lift the stock.
- Positive Sentiment: Underwriting upside — markets are actively pricing the probability that Citigroup could be a lead underwriter for a major potential IPO (SpaceX), which would be a high-fee corporate win if it happens and supports speculative buying. Article Title
- Positive Sentiment: Management tone: Citi strategist Scott Chronert publicly framing current markets as a “boom” (not a bubble) may boost investor risk appetite toward banks and trading-related revenue. Article Title
- Neutral Sentiment: Sector backdrop: Market commentary suggests financials would benefit if rates ease (sector rotation into value/financial stocks). This macro theme helps bank multiples but depends on Fed moves. Article Title
- Neutral Sentiment: Trade policy noise eased marginally after the U.S. delayed some tariff increases (furniture/cabinets), reducing another source of macro uncertainty — limited direct impact on Citi but supportive for risk assets. Article Title
- Negative Sentiment: Russia exit cost — Citigroup finalized the sale of its remaining Russian unit at a loss. the exit reduces long‑term geopolitical exposure but produced a near-term charge that could weigh on short-term earnings. Article Title
Citigroup Trading Up 1.6%
Shares of NYSE:C opened at $118.61 on Friday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $122.84. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The company has a market cap of $212.22 billion, a PE ratio of 16.66, a P/E/G ratio of 0.46 and a beta of 1.18. The company’s 50-day moving average price is $107.04 and its 200 day moving average price is $98.42.
Citigroup (NYSE:C – Get Free Report) last released its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. Sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.
Citigroup Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. Citigroup’s dividend payout ratio is presently 33.71%.
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.
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