Meadowbrook Wealth Management LLC purchased a new position in shares of Citigroup Inc. (NYSE:C – Free Report) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 5,578 shares of the company’s stock, valued at approximately $722,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cora Capital Advisors LLC increased its stake in Citigroup by 3.1% during the 1st quarter. Cora Capital Advisors LLC now owns 2,609 shares of the company’s stock worth $296,000 after buying an additional 78 shares during the period. CFS Investment Advisory Services LLC boosted its position in Citigroup by 0.4% in the 1st quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock valued at $2,336,000 after buying an additional 79 shares during the period. American Trust boosted its position in Citigroup by 3.6% in the 2nd quarter. American Trust now owns 2,331 shares of the company’s stock valued at $326,000 after buying an additional 80 shares during the period. Invst LLC grew its stake in shares of Citigroup by 0.8% in the second quarter. Invst LLC now owns 9,601 shares of the company’s stock worth $1,344,000 after acquiring an additional 80 shares in the last quarter. Finally, Tsfg LLC increased its position in shares of Citigroup by 4.9% during the second quarter. Tsfg LLC now owns 1,701 shares of the company’s stock worth $238,000 after acquiring an additional 80 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Wall Street Zen cut Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Truist Financial cut their price target on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Weiss Ratings cut Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. Finally, TD Cowen began coverage on Citigroup in a research report on Thursday. They set a “buy” rating and a $150.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.28.
Citigroup Stock Up 0.5%
Shares of C stock traded up $0.64 on Thursday, reaching $127.96. 7,902,918 shares of the stock were exchanged, compared to its average volume of 12,474,080. The company has a market capitalization of $218.24 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 0.57 and a beta of 1.13. The business’s 50 day moving average price is $133.89 and its 200 day moving average price is $131.18. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. Citigroup Inc. has a twelve month low of $93.66 and a twelve month high of $147.96.
Citigroup (NYSE:C – Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. The company had revenue of $24.77 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.Citigroup’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $1.96 earnings per share. As a group, sell-side analysts expect that Citigroup Inc. will post 11.19 earnings per share for the current fiscal year.
Citigroup Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were given a dividend of $0.67 per share. This is a boost from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.68 annualized dividend and a dividend yield of 2.1%. Citigroup’s dividend payout ratio is 28.94%.
Key Citigroup News
Here are the key news stories impacting Citigroup this week:
- Positive Sentiment: TD Cowen initiated coverage with a Buy rating and a $150 price target, implying substantial upside from recent trading levels. The firm’s bullish view adds fresh institutional support to the stock. Benzinga analyst coverage report
- Positive Sentiment: Investors are positioning ahead of third-quarter results, which are expected to benefit from higher net interest income and market-related revenue. Cost controls, capital returns and progress on Citi’s restructuring will be important earnings catalysts. Zacks Q3 earnings preview
- Positive Sentiment: Several analysts and financial publications argue that Citi’s transformation could drive a valuation rerating. Estimates suggest the stock could gain roughly 28% to 30% if it trades closer to larger banking peers, while the company’s current valuation remains relatively inexpensive. Barron’s Citigroup valuation analysis
- Positive Sentiment: Citi’s expanded collaboration with Coinbase and connection of its payments network to stablecoin infrastructure could create longer-term growth opportunities in corporate payments, digital assets and e-commerce. Citi also expanded the use of ThankYou points through Xsolla, potentially increasing cardmember engagement. Citi and Coinbase stablecoin partnership
- Neutral Sentiment: Analyst views are constructive but not unanimous: Autonomous Research trimmed its target to $146 while maintaining Outperform, and UBS reduced its target to $139. These targets still exceed recent trading levels but signal expectations for more moderate upside. Autonomous Research price-target update
- Negative Sentiment: Spiking Treasury yields are creating broader pressure for banks ahead of earnings. Although higher rates can support lending income, rapid yield increases may hurt bond portfolios, funding costs, credit conditions and investment-banking activity. Zacks banking-sector analysis
About Citigroup
Citigroup Inc is a global financial services company headquartered in New York City and listed on the New York Stock Exchange under the symbol C. Through its subsidiaries and businesses, Citi provides banking, lending, investment, payments, wealth management and other financial services to consumers, businesses, governments and institutional clients.
Citi’s principal businesses include Services, which supports institutional clients with treasury, trade, securities services and related solutions; Markets, which provides sales, trading, research and financing services; Banking, which offers investment banking and corporate banking; and Wealth, which provides private banking and wealth management.
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