Heritage Investors Management Corp Lowers Position in Citigroup Inc. $C

Heritage Investors Management Corp lowered its stake in shares of Citigroup Inc. (NYSE:C) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 304,576 shares of the company’s stock after selling 11,091 shares during the period. Citigroup makes up approximately 0.9% of Heritage Investors Management Corp’s portfolio, making the stock its 29th biggest holding. Heritage Investors Management Corp’s holdings in Citigroup were worth $30,914,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Wilkinson Global Asset Management LLC acquired a new position in Citigroup in the third quarter valued at $206,000. Money Concepts Capital Corp purchased a new position in shares of Citigroup in the 3rd quarter worth about $243,000. Atlantic Union Bankshares Corp lifted its stake in shares of Citigroup by 4.1% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 146,637 shares of the company’s stock valued at $14,884,000 after purchasing an additional 5,817 shares in the last quarter. Guerra Advisors Inc acquired a new position in shares of Citigroup in the 3rd quarter valued at about $33,000. Finally, United Community Bank grew its holdings in shares of Citigroup by 135.6% during the 3rd quarter. United Community Bank now owns 8,572 shares of the company’s stock worth $870,000 after purchasing an additional 4,934 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup beat EPS expectations for its most recent quarter (reported $1.81 vs. $1.65 consensus) and showed modest year-over-year earnings improvement, which supports the stock’s valuation and investor confidence.
• Positive Sentiment: Analyst commentary highlighting Citigroup as an attractive dividend name is drawing investor interest; Zacks argues the bank’s yield and payout make it appealing for income-focused shareholders. Why Citigroup (C) is a Great Dividend Stock Right Now
• Neutral Sentiment: Political and fiscal headlines (ongoing funding talks / temporary government shutdown risk) are creating broader market volatility that can affect banks’ trading and fee revenue in the near term; leadership comments signaling a quick resolution could dampen the negative impact if confirmed. Speaker Johnson: ‘Confident’ government shutdown will end by Tuesday
• Neutral Sentiment: Industry crypto/regulatory stories (prosecutors questioning stablecoin law protections; banks and brokers adjusting crypto exposure) increase the chance of regulatory changes that could affect any bank businesses tied to digital assets, though Citi’s direct exposure appears limited compared with pure crypto players. Circle Says It Prioritizes ‘Financial Integrity’ As Prosecutors Reportedly Allege Stablecoin Law Allows Crypto Companies To Gain From Fraud Nomura temporarily reduces crypto exposure as Q3 profits drop
• Negative Sentiment: While EPS beat, Citigroup missed revenue expectations ($19.87B actual vs. $20.99B consensus), which highlights continuing top-line pressure and could cap upside if revenue trends don’t improve—investors will watch upcoming guidance and trading/IB fees.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on C shares. Wolfe Research reaffirmed an “outperform” rating and set a $141.00 price target on shares of Citigroup in a research report on Wednesday, January 7th. JPMorgan Chase & Co. upgraded shares of Citigroup from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $107.00 to $124.00 in a report on Friday, December 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a report on Wednesday, January 21st. Truist Financial boosted their price objective on Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Finally, Piper Sandler set a $135.00 target price on Citigroup in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.56.

Citigroup Stock Up 0.5%

Shares of Citigroup stock opened at $116.25 on Tuesday. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $124.17. The company has a market capitalization of $208.01 billion, a PE ratio of 16.68, a P/E/G ratio of 0.74 and a beta of 1.18. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 0.99. The business has a 50-day moving average of $114.00 and a 200-day moving average of $103.34.

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

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, February 2nd. Citigroup’s payout ratio is 34.43%.

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.