Waterfront Wealth Inc. Sells 9,475 Shares of Citigroup Inc. $C

Waterfront Wealth Inc. lowered its position in shares of Citigroup Inc. (NYSE:C) by 30.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,824 shares of the company’s stock after selling 9,475 shares during the period. Waterfront Wealth Inc.’s holdings in Citigroup were worth $2,107,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Citigroup by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock worth $14,117,313,000 after buying an additional 1,148,451 shares during the period. Geode Capital Management LLC grew its stake in shares of Citigroup by 1.0% in the second quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock valued at $3,645,084,000 after acquiring an additional 411,894 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Citigroup by 2.2% in the second quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock valued at $2,748,571,000 after acquiring an additional 679,967 shares in the last quarter. Fisher Asset Management LLC increased its position in Citigroup by 3.2% during the second quarter. Fisher Asset Management LLC now owns 32,161,457 shares of the company’s stock worth $2,737,583,000 after acquiring an additional 988,152 shares during the period. Finally, Norges Bank acquired a new stake in Citigroup in the 2nd quarter worth about $2,455,929,000. 71.72% of the stock is owned by institutional investors and hedge funds.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup named a joint global coordinator on the UI Boustead REIT Singapore IPO — potential near-term investment‑banking fees and a show of strength in Asia execution. UI Boustead REIT begins premarketing of Singapore IPO, term sheet shows
• Positive Sentiment: Reports say Citigroup aims to resolve consent orders this year — if completed, that reduces regulatory and capital uncertainty that has weighed on the stock. Citigroup seeks to resolve consent orders this year – report
• Neutral Sentiment: Analysis of Citi’s valuation notes recent preferred stock and bond issuances are reshaping its capital mix — could bolster buffers but may change EPS/capital metrics; impact depends on sizing and investor reception. A Look At Citigroup (C) Valuation As New Preferred Stock And Bond Issuances Reshape Its Capital Mix
• Neutral Sentiment: Citi research reduced its price target on Coinbase — a reminder that Citi’s analyst views influence market narratives, but this is not a direct driver of Citi’s fundamentals. Citi cuts Coinbase price target to $400 after stock’s 65% plunge from record high
• Negative Sentiment: Commercial real estate stress: U.S. office CMBS delinquency rate hit a record high (11.7%) — rising CRE defaults and refinancing strain are a potential credit risk for large banks with corporate CRE exposure, including Citi. Commercial Real Estate Shock as Office CMBS Defaults Hit 11.7%

Wall Street Analyst Weigh In

A number of brokerages have issued reports on C. Wolfe Research restated an “outperform” rating and set a $141.00 target price on shares of Citigroup in a research report on Wednesday, January 7th. UBS Group reiterated a “neutral” rating and issued a $132.00 price target on shares of Citigroup in a research note on Thursday, January 15th. Keefe, Bruyette & Woods increased their price target on Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. HSBC reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Citigroup in a report on Wednesday, January 7th. Finally, The Goldman Sachs Group increased their target price on Citigroup from $113.00 to $127.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.56.

Citigroup Stock Up 6.0%

NYSE C opened at $122.72 on Monday. The business has a fifty day moving average price of $115.27 and a two-hundred day moving average price of $104.03. The stock has a market capitalization of $219.58 billion, a PE ratio of 17.61, a PEG ratio of 0.78 and a beta of 1.18. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $124.17. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 0.99.

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

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 2nd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 annualized dividend and a yield of 2.0%. Citigroup’s payout ratio is presently 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.