Simplicity Wealth LLC raised its stake in Citigroup Inc. (NYSE:C – Free Report) by 5.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 90,980 shares of the company’s stock after buying an additional 4,871 shares during the quarter. Simplicity Wealth LLC’s holdings in Citigroup were worth $10,784,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Sowell Financial Services LLC raised its stake in shares of Citigroup by 5.5% during the 3rd quarter. Sowell Financial Services LLC now owns 12,831 shares of the company’s stock worth $1,661,000 after acquiring an additional 664 shares in the last quarter. Winthrop Advisory Group LLC boosted its stake in Citigroup by 8.2% in the third quarter. Winthrop Advisory Group LLC now owns 3,446 shares of the company’s stock valued at $446,000 after acquiring an additional 262 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in Citigroup by 2.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 23,333 shares of the company’s stock valued at $3,021,000 after acquiring an additional 546 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Citigroup by 4.4% in the third quarter. Sterling Capital Management LLC now owns 113,860 shares of the company’s stock valued at $14,743,000 after acquiring an additional 4,773 shares in the last quarter. Finally, BIP Wealth LLC increased its position in shares of Citigroup by 13.8% during the third quarter. BIP Wealth LLC now owns 5,207 shares of the company’s stock worth $674,000 after purchasing an additional 630 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
C has been the subject of several analyst reports. Royal Bank Of Canada decreased their price objective on Citigroup from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, October 14th. Wall Street Zen downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Oppenheimer downgraded Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. UBS Group set a $148.00 target price on Citigroup in a research report on Wednesday, October 14th. Finally, Argus set a $150.00 price target on Citigroup in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus price target of $150.79.
Check Out Our Latest Research Report on C
Citigroup Stock Performance
Shares of Citigroup stock opened at $120.66 on Friday. The company has a 50 day moving average price of $131.23 and a 200 day moving average price of $132.08. The firm has a market capitalization of $205.80 billion, a P/E ratio of 11.77, a PEG ratio of 0.53 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. Citigroup Inc. has a 52 week low of $95.83 and a 52 week high of $147.96.
Citigroup (NYSE:C – Get Free Report) last released its earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.19. The company had revenue of $23.84 billion for the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. Citigroup’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 EPS. Sell-side analysts expect that Citigroup Inc. will post 11.44 EPS for the current year.
Citigroup Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 2nd will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.2%. Citigroup’s dividend payout ratio (DPR) is currently 26.15%.
Key Citigroup News
Here are the key news stories impacting Citigroup this week:
- Positive Sentiment: China’s securities regulator approved Citi’s plan to establish a wholly owned onshore securities business. The approval expands Citigroup’s ability to serve Chinese capital-markets clients and removes a nearly five-year regulatory hurdle. Citigroup Wins Approval for Wholly Owned China Brokerage
- Positive Sentiment: Erste Group Bank raised its Citigroup EPS forecasts to $11.35 for fiscal 2026 and $12.89 for fiscal 2027, signaling improved expectations for future profitability. Citigroup earnings estimate update
- Positive Sentiment: Citi arranged a $3.5 billion senior secured financing facility for AI-cloud company Nebius. The transaction should generate fees and highlights Citi’s role in funding the expansion of artificial-intelligence infrastructure. Nebius secures $3.5 billion financing facility with Citi
- Positive Sentiment: Citi completed a $72 million bond tied to carbon-removal credits for a Texas biochar project, supporting its sustainable-finance credentials and potential investment-banking revenue. Citi closes $72 million biochar bond
- Neutral Sentiment: Citigroup elected James Flanagan as an independent director. The appointment modestly strengthens board oversight but is unlikely to materially change near-term earnings expectations. Citigroup elects James Flanagan as independent director
- Negative Sentiment: September credit-card delinquencies and net losses increased sequentially while receivables declined. The deterioration raises concerns about asset quality, provisions and the sustainability of consumer-banking earnings growth. Citi’s September card delinquencies rise
Citigroup Profile
Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.
Citi’s consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.
Read More
- Five stocks we like better than Citigroup
- Bloom Energy Just Reported—Its Biggest Order Is Still Waiting on a Pipeline
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C – Free Report).
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.
