Algebris UK Ltd. Sells 378,994 Shares of Citigroup Inc. $C

Algebris UK Ltd. lowered its stake in Citigroup Inc. (NYSE:C) by 61.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 233,702 shares of the company’s stock after selling 378,994 shares during the quarter. Citigroup makes up approximately 2.7% of Algebris UK Ltd.’s investment portfolio, making the stock its 15th largest position. Algebris UK Ltd.’s holdings in Citigroup were worth $23,703,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Citigroup in the 2nd quarter valued at about $2,455,929,000. Canada Pension Plan Investment Board lifted its holdings in shares of Citigroup by 47.4% during the second quarter. Canada Pension Plan Investment Board now owns 4,334,407 shares of the company’s stock worth $368,945,000 after buying an additional 1,393,865 shares in the last quarter. Natixis boosted its holdings in Citigroup by 382.7% in the 2nd quarter. Natixis now owns 1,523,782 shares of the company’s stock valued at $129,704,000 after purchasing an additional 1,208,089 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Citigroup by 63.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,085,496 shares of the company’s stock valued at $262,637,000 after buying an additional 1,195,950 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Citigroup by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock valued at $14,117,313,000 after acquiring an additional 1,148,451 shares during the period. 71.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Oppenheimer increased their price target on shares of Citigroup from $141.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Morgan Stanley boosted their price target on Citigroup from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. HSBC restated a “buy” rating and issued a $87.00 price objective on shares of Citigroup in a report on Wednesday, January 7th. Barclays raised their price target on shares of Citigroup from $115.00 to $146.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.56.

Citigroup Price Performance

Shares of NYSE:C opened at $113.71 on Monday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $124.17. The stock’s 50 day moving average is $112.04 and its 200-day moving average is $102.24. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $203.46 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 0.73 and a beta of 1.18.

Citigroup (NYSE:C) last posted its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The business had revenue of $19.87 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter last year, the firm posted $1.34 EPS. Citigroup’s revenue was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.1%. Citigroup’s payout ratio is presently 34.43%.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analysts and screens are bullish: Citigroup was added to Zacks’ list of top income/strong-buy stocks, which can attract yield-seeking flows and bolster sentiment. Best Income Stocks to Buy for January 23rd
• Positive Sentiment: Underlying results remain supportive — Citi’s recent quarterly update showed an EPS beat and analysts have largely dismissed fears of an earnings re‑rating after the company’s Q4 performance, which helps justify current valuations. Analysts Dismiss Re-Rating Fears After Bright Citigroup (C) Earnings Update
• Neutral Sentiment: Citi research notes that a Washington affordability agenda could boost fintechs and related exposures — this is sector-positive for fintech names but is a mixed read for Citi (opportunity for fee revenue vs. policy uncertainty). US fintech stocks could gain as Trump pushes affordability agenda, Citi says
• Negative Sentiment: Layoff plans: Reuters reports Citi will cut more staff in March (after ~1,000 jobs cut this month), likely affecting managing directors and senior employees — raises near‑term execution and morale concerns even as costs fall; investors often react negatively to fresh rounds of cuts that signal tougher revenue outlooks. Exclusive: Citigroup to lay off more employees in March, sources say
• Negative Sentiment: Card pricing pressure/political optics: Reports that Citi is exploring a 10% capped-rate card to respond to political pressure (and CEO comments warning caps would hurt credit access) create uncertainty around future card yields and policy risk — potential margin compression if price caps or similar measures are implemented. Bank of America, Citigroup consider new credit cards with 10% rate, Bloomberg News reports

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.