The Manufacturers Life Insurance Company Has $242.85 Million Stock Position in Citigroup Inc. $C

The Manufacturers Life Insurance Company reduced its position in shares of Citigroup Inc. (NYSE:C) by 7.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,735,115 shares of the company’s stock after selling 137,410 shares during the period. The Manufacturers Life Insurance Company’s holdings in Citigroup were worth $242,847,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in Citigroup by 8.3% during the 2nd quarter. Jones Financial Companies Lllp now owns 1,534,134 shares of the company’s stock valued at $217,463,000 after purchasing an additional 117,307 shares in the last quarter. Fiduciary Financial Advisors acquired a new position in Citigroup in the second quarter worth $246,000. Vega Investment Solutions grew its holdings in shares of Citigroup by 106.2% during the second quarter. Vega Investment Solutions now owns 10,600 shares of the company’s stock worth $1,484,000 after purchasing an additional 5,460 shares during the last quarter. Twin Peaks Wealth Advisors LLC grew its holdings in shares of Citigroup by 16.1% during the second quarter. Twin Peaks Wealth Advisors LLC now owns 1,950 shares of the company’s stock worth $273,000 after purchasing an additional 271 shares during the last quarter. Finally, Visionary Wealth Advisors increased its stake in shares of Citigroup by 5.3% in the second quarter. Visionary Wealth Advisors now owns 9,442 shares of the company’s stock valued at $1,322,000 after buying an additional 477 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup experienced unusual options activity, including bullish call sweeps and a reported $223 million after-hours block trade. The activity appears to reflect institutional interest and may provide short-term support for the shares. Citigroup Sees Unusual Options Activity and $223 Million Block Trade After Hours
• Positive Sentiment: Citi and India’s Axis Bank are partnering to capture nonresident Indian deposits and increase dollar inflows. The initiative could expand Citi’s cross-border deposits, payments and foreign-exchange business in a strategically important market. Citigroup and Axis Bank Team Up on Leveraged India Dollar Deposit Boom
• Positive Sentiment: Citigroup reported $647.2 billion in sustainable financing commitments since 2020 and established new 2030 goals. The progress may strengthen the bank’s relationships with corporate clients and support long-term fee opportunities, though the direct earnings impact is uncertain. Citi Reports Sustainable Finance Progress and Sets New 2030 Goals
• Neutral Sentiment: Analyst coverage remains favorable based on Citigroup’s average brokerage recommendation. However, the report cautions that sell-side ratings can be overly optimistic, limiting the reliability of this signal as a stand-alone reason to buy. Is Citigroup a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: Citigroup has room under the national deposit cap to acquire a large regional bank, but CEO Jane Fraser continues to emphasize organic growth rather than mergers and acquisitions. This preserves strategic flexibility without creating an immediate deal catalyst. Wells Fargo and Citigroup Have Room to Buy a Big Bank

Wall Street Analyst Weigh In

C has been the subject of a number of research analyst reports. Oppenheimer cut Citigroup from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Bank of America raised their price objective on shares of Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Citigroup in a research note on Wednesday, July 15th. Zacks Research upgraded shares of Citigroup from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Wells Fargo & Company raised their price target on shares of Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average target price of $145.22.

Citigroup Trading Down 0.0%

Shares of C opened at $131.65 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. Citigroup Inc. has a 12-month low of $92.96 and a 12-month high of $147.96. The firm has a market capitalization of $224.54 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 0.59 and a beta of 1.12. The stock’s fifty day simple moving average is $137.01 and its 200-day simple moving average is $126.45.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. The firm had revenue of $24.77 billion during the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the company earned $1.96 earnings per share. As a group, research analysts predict that Citigroup Inc. will post 11.2 earnings per share for the current year.

Citigroup announced that its board has authorized a share buyback program on Thursday, May 7th that allows the company to buyback $30.00 billion in shares. This buyback authorization allows the company to purchase up to 13.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 3rd will be paid a $0.67 dividend. This is a boost from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. Citigroup’s payout ratio is 28.94%.

Citigroup Company Profile

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.