Citigroup Inc. $C Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its position in Citigroup Inc. (NYSE:C) by 14.5% during the third quarter, Holdings Channel reports. The fund owned 1,009,789 shares of the company’s stock after purchasing an additional 128,017 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Citigroup were worth $130,747,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of Citigroup during the first quarter worth approximately $25,000. Bfsg LLC increased its position in Citigroup by 130.7% in the 3rd quarter. Bfsg LLC now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 115 shares during the period. Paladin Partners LLC acquired a new stake in Citigroup in the 2nd quarter valued at approximately $27,000. Balance Wealth Partners LLC acquired a new stake in Citigroup in the 3rd quarter valued at approximately $27,000. Finally, IMG Wealth Management Inc. boosted its position in Citigroup by 197.6% during the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after acquiring an additional 162 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup and DBS are competing to recruit talent for their India operations, including expansion tied to GIFT City. The hiring push points to investment in the region’s growth potential, though the articles do not quantify its expected financial impact. Citigroup, DBS vie for top talent to boost business in India hub
• Positive Sentiment: CEO Jane Fraser said she does not expect the market correction to become deeper or last longer, which may help reassure investors after the recent sell-off. This is a view on the broader market, not a change to Citi’s outlook. Citigroup CEO Jane Fraser on the market correction
• Neutral Sentiment: Citi named Circle its top pick in regulated stablecoins and digital payments. The call reflects Citi’s research activity, but Circle—not Citigroup—is the stock being recommended, so it is not a direct earnings catalyst for C. Citi Names Top Stock in Stablecoin and Digital Payments Space
• Negative Sentiment: Citigroup shares had a sharp decline in the prior session amid a volatile market. The broader backdrop remains uncertain, with post-election policy potentially slowing bank deregulation and increasing scrutiny of financial firms. Citigroup’s recent price decline Midterm election results and financial stocks
• Negative Sentiment: Citi’s strategists say the AI trade could remain under pressure and currently favor European equities over U.S. stocks. That cautious view may weigh on broader market sentiment, though it is not specific to Citi’s own fundamentals. Citi explains why the AI trade may remain under pressure

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Argus set a $150.00 price objective on shares of Citigroup in a research note on Wednesday, July 15th. Evercore set a $135.00 price objective on shares of Citigroup in a report on Wednesday, October 14th. HSBC initiated coverage on shares of Citigroup in a research report on Monday, September 28th. They issued a “buy” rating and a $164.00 target price for the company. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Citigroup in a research note on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $150.87.

Citigroup Stock Performance

C opened at $119.16 on Monday. The company has a market capitalization of $203.23 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 1.00. Citigroup Inc. has a 1-year low of $95.83 and a 1-year high of $147.96. The business has a 50 day moving average price of $128.92 and a two-hundred day moving average price of $126.60.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.19. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The firm had revenue of $23.84 billion during the quarter, compared to analyst estimates of $23.74 billion. During the same period last year, the company posted $1.86 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Research analysts predict that Citigroup Inc. will post 11.44 EPS for the current fiscal year.

Citigroup Dividend Announcement

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

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City. Founded in 1812 as the City Bank of New York, it has grown into an international banking organization serving individuals, businesses, governments and institutions.

The company provides consumer banking and wealth management services, including deposits, lending, credit cards and investment services. For corporate and institutional clients, Citi offers transaction banking, treasury and trade solutions, securities services, investment banking, and markets and financing services.

Citi serves clients across the United States and a broad range of international markets, drawing on its global network to support cross-border business and financial activity.