Ashton Thomas Private Wealth LLC boosted its holdings in shares of Citigroup Inc. (NYSE:C – Free Report) by 4.3% during the third quarter, Holdings Channel reports. The firm owned 111,928 shares of the company’s stock after acquiring an additional 4,583 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Citigroup were worth $14,492,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Grove Bank & Trust raised its stake in Citigroup by 1.8% in the third quarter. Grove Bank & Trust now owns 4,549 shares of the company’s stock worth $589,000 after buying an additional 79 shares in the last quarter. American Trust boosted its position in shares of Citigroup by 3.6% during the second quarter. American Trust now owns 2,331 shares of the company’s stock valued at $326,000 after purchasing an additional 80 shares in the last quarter. Invst LLC grew its stake in 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 purchasing an additional 80 shares during the period. Tsfg LLC grew its stake in Citigroup by 4.9% in the second quarter. Tsfg LLC now owns 1,701 shares of the company’s stock worth $238,000 after purchasing an additional 80 shares during the period. Finally, Somerset Trust Co grew its position in shares of Citigroup by 0.6% in the 2nd quarter. Somerset Trust Co now owns 14,955 shares of the company’s stock worth $2,093,000 after buying an additional 82 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.
Key Citigroup News
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
Citigroup Trading Up 0.6%
Shares of C opened at $119.16 on Friday. The stock has a market capitalization of $203.24 billion, a PE ratio of 11.63, a P/E/G ratio of 0.54 and a beta of 1.18. The company’s fifty day moving average is $128.92 and its 200 day moving average is $126.60. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.99 and a current ratio of 1.00. Citigroup Inc. has a fifty-two week low of $95.83 and a fifty-two week high of $147.96.
Citigroup (NYSE:C – Get Free Report) last issued its earnings results on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.19. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The business had revenue of $23.84 billion for the quarter, compared to the consensus estimate of $23.74 billion. During the same period in the prior year, the firm earned $1.86 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts expect that Citigroup Inc. will post 11.44 earnings per share for the current fiscal year.
Citigroup Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 2nd will be given a dividend of $0.67 per share. The ex-dividend date is Monday, November 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 2.2%. Citigroup’s payout ratio is currently 26.15%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Citigroup from $147.00 to $148.50 and gave the company an “overweight” rating in a research note on Friday, October 30th. HSBC started coverage on Citigroup in a research report on Monday, September 28th. They set a “buy” rating and a $164.00 price objective for the company. Truist Financial cut their target price on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Weiss Ratings downgraded Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Finally, Evercore set a $135.00 price target on Citigroup in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $150.87.
View Our Latest Analysis on Citigroup
Citigroup Profile
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.
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