Gladstone Institutional Advisory LLC Has $2.67 Million Position in Citigroup Inc. $C

Gladstone Institutional Advisory LLC lifted its position in Citigroup Inc. (NYSE:C) by 23.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,271 shares of the company’s stock after acquiring an additional 4,915 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Citigroup were worth $2,667,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Citigroup in the second quarter worth $2,455,929,000. Swedbank AB increased its position in shares of Citigroup by 14.8% in the 2nd quarter. Swedbank AB now owns 10,906,386 shares of the company’s stock valued at $928,352,000 after buying an additional 1,406,624 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Citigroup by 47.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,334,407 shares of the company’s stock valued at $368,945,000 after buying an additional 1,393,865 shares in the last quarter. Natixis raised its stake in Citigroup by 382.7% during the 2nd quarter. Natixis now owns 1,523,782 shares of the company’s stock worth $129,704,000 after buying an additional 1,208,089 shares during the period. Finally, Strs Ohio bought a new position in Citigroup during the first quarter worth about $85,337,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Truist Financial raised their price target on Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. UBS Group reaffirmed a “neutral” rating and issued a $108.00 price target on shares of Citigroup in a research note on Monday, November 24th. Cowen reiterated a “hold” rating on shares of Citigroup in a report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. upgraded shares of Citigroup from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $107.00 to $124.00 in a report on Friday, December 12th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.69.

Citigroup Price Performance

Shares of C opened at $122.52 on Wednesday. The stock has a market capitalization of $219.22 billion, a P/E ratio of 17.21, a P/E/G ratio of 0.48 and a beta of 1.18. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $124.17. The company has a 50 day moving average of $107.90 and a 200-day moving average of $99.34. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. During the same quarter in the previous year, the firm posted $1.51 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.0%. Citigroup’s payout ratio is 33.71%.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi won a major underwriting mandate — India’s top asset manager tapped Citi (and HSBC) to lead a US$1.4B IPO, a meaningful fee win that supports revenue from investment banking and strengthens Citi’s franchise in fast‑growing EM capital markets. Read More.
• Positive Sentiment: Momentum: Citi recently hit a 52‑week high, reflecting positive investor sentiment from strategic exits, easing regulation and a softer short‑rate outlook that should help the bank’s funding and credit outlook. This technical strength can attract momentum and institutional flows. Read More.
• Positive Sentiment: Fundamentals: Citi’s recent quarterly results showed an earnings beat and revenue growth year‑over‑year, supporting the bullish case for durable profitability improvements if rates and fee businesses stabilize. Read More.
• Neutral Sentiment: Small/technical moves: Citi entities exited substantial‑holder status in an Australian stock (Vulcan Energy), a bookkeeping/positioning update that is unlikely to move Citi’s core fundamentals but may affect perceived trading flows in niche listings. Read More.
• Negative Sentiment: Client/team loss: Wells Fargo Advisors has recruited an ultra‑high‑net‑worth advisory team managing roughly $1.2B from Citi — a direct hit to Citi’s wealth management AUM and recurring fees and a visible sign of advisor attrition risk in private banking/advisory. This kind of client migration can pressure fee revenue and investor sentiment. Read More.
• Negative Sentiment: Valuation/expectations risk: Commentary from independent analysts and blogs warns Citi may be “priced for perfection” after the rally — consensus earnings appear ambitious and any slip vs. forecasts or signs that NIM/loan growth normalizes slower than expected could prompt a pullback. That critique increases sensitivity to execution misses. Read More.

Citigroup Company Profile

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.