Banco Santander S.A. Decreases Stock Position in Citigroup Inc. $C

Banco Santander S.A. lessened its stake in shares of Citigroup Inc. (NYSE:C) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 539,977 shares of the company’s stock after selling 36,625 shares during the period. Banco Santander S.A.’s holdings in Citigroup were worth $45,963,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in Citigroup by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock worth $2,917,794,000 after purchasing an additional 2,539,769 shares during the period. Northern Trust Corp increased its stake in Citigroup by 1.0% in the first quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock worth $1,450,153,000 after purchasing an additional 195,013 shares during the period. Invesco Ltd. increased its stake in Citigroup by 3.6% in the first quarter. Invesco Ltd. now owns 16,839,915 shares of the company’s stock worth $1,195,466,000 after purchasing an additional 592,820 shares during the period. Goldman Sachs Group Inc. increased its stake in Citigroup by 179.5% in the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after purchasing an additional 9,334,038 shares during the period. Finally, Amundi increased its stake in Citigroup by 78.4% in the first quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after purchasing an additional 6,026,268 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

C has been the topic of a number of recent analyst reports. Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Morgan Stanley raised their price target on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Keefe, Bruyette & Woods raised their price target on Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research note on Friday. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.63.

Citigroup Price Performance

Shares of C stock opened at $98.77 on Monday. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59. The stock’s 50-day moving average is $97.93 and its 200 day moving average is $86.20. The company has a market cap of $181.82 billion, a P/E ratio of 13.87, a PEG ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The company had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. During the same period in the previous year, the business earned $1.51 EPS. Citigroup’s revenue for the quarter was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is presently 33.71%.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.