487,251 Citigroup Inc. $C Shares Purchased by Robeco Institutional Asset Management B.V.

by · The Markets Daily

Robeco Institutional Asset Management B.V. grew its holdings in shares of Citigroup Inc. (NYSE:C – Free Report) by 16.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,436,014 shares of the company’s stock after acquiring an additional 487,251 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Citigroup were worth $444,895,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Compass Financial Management LLC acquired a new stake in shares of Citigroup in the second quarter valued at $898,000. Andra AP fonden grew its holdings in Citigroup by 22.3% during the second quarter. Andra AP fonden now owns 274,600 shares of the company’s stock worth $38,433,000 after acquiring an additional 50,100 shares during the period. Saudi Central Bank grew its holdings in Citigroup by 80.8% during the second quarter. Saudi Central Bank now owns 119,392 shares of the company’s stock worth $16,710,000 after acquiring an additional 53,348 shares during the period. Concurrent Investment Advisors LLC raised its position in Citigroup by 30.7% in the second quarter. Concurrent Investment Advisors LLC now owns 131,946 shares of the company’s stock worth $18,467,000 after acquiring an additional 31,007 shares in the last quarter. Finally, Raiffeisen Bank International AG lifted its holdings in Citigroup by 12.9% in the 2nd quarter. Raiffeisen Bank International AG now owns 103,220 shares of the company’s stock valued at $14,708,000 after acquiring an additional 11,812 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on C shares. Argus set a $150.00 price objective on shares of Citigroup in a research report on Wednesday, July 15th. Truist Financial lowered their price objective on shares of Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Weiss Ratings downgraded shares of Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Citigroup in a research note on Wednesday, October 14th. Finally, Royal Bank Of Canada cut their target price on shares of Citigroup from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $150.79.

Read Our Latest Research Report on C

Key Stories Impacting Citigroup

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

Citigroup Price Performance

Shares of NYSE:C opened at $122.56 on Wednesday. The firm has a market cap of $209.03 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 0.53 and a beta of 1.13. Citigroup Inc. has a 1 year low of $95.00 and a 1 year high of $147.96. 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 business has a fifty day simple moving average of $132.20 and a 200 day simple moving average of $132.05.

Citigroup (NYSE:C – Get Free Report) 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. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The company had revenue of $23.84 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same period in the prior year, the firm posted $1.86 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts predict that Citigroup Inc. will post 11.42 earnings per share for the current fiscal year.

Citigroup Announces Dividend

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

Citigroup Company Profile

(Free Report)

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.

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