Citigroup Inc. $C Stock Holdings Cut by Sound Income Strategies LLC

Sound Income Strategies LLC decreased its position in Citigroup Inc. (NYSE:C) by 13.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 140,683 shares of the company’s stock after selling 21,476 shares during the quarter. Sound Income Strategies LLC’s holdings in Citigroup were worth $18,019,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Balefire LLC lifted its position in shares of Citigroup by 3.5% during the third quarter. Balefire LLC now owns 8,840 shares of the company’s stock valued at $1,145,000 after purchasing an additional 297 shares in the last quarter. Avity Investment Management Inc. grew its position in Citigroup by 16.6% in the 3rd quarter. Avity Investment Management Inc. now owns 148,799 shares of the company’s stock worth $19,266,000 after purchasing an additional 21,146 shares in the last quarter. Riversedge Advisors LLC grew its position in Citigroup by 38.4% in the 3rd quarter. Riversedge Advisors LLC now owns 8,765 shares of the company’s stock worth $1,135,000 after purchasing an additional 2,433 shares in the last quarter. Wedmont Private Capital increased its stake in Citigroup by 25.2% in the 3rd quarter. Wedmont Private Capital now owns 32,692 shares of the company’s stock valued at $4,007,000 after buying an additional 6,580 shares during the last quarter. Finally, Intelligence Driven Advisers LLC lifted its position in shares of Citigroup by 4.0% during the 3rd quarter. Intelligence Driven Advisers LLC now owns 4,514 shares of the company’s stock worth $584,000 after buying an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C traded up $1.53 during trading hours on Friday, hitting $129.61. The company’s stock had a trading volume of 6,507,031 shares, compared to its average volume of 12,443,352. The business has a 50 day simple moving average of $133.80 and a two-hundred day simple moving average of $131.31. Citigroup Inc. has a 52-week low of $93.66 and a 52-week high of $147.96. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $221.06 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 0.56 and a beta of 1.13.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 EPS 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 net margin of 10.23% and a return on equity of 10.15%. Citigroup’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.96 EPS. On average, equities analysts expect that Citigroup Inc. will post 11.19 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were given a dividend of $0.67 per share. This is an increase from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, August 3rd. Citigroup’s dividend payout ratio (DPR) is currently 28.94%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on C. Royal Bank Of Canada restated an “outperform” rating and issued a $150.00 target price on shares of Citigroup in a research note on Wednesday, July 15th. UBS Group cut their price target on shares of Citigroup from $142.00 to $139.00 and set a “neutral” rating on the stock in a report on Monday. Bank of America lifted their price objective on shares of Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Argus set a $150.00 target price on shares of Citigroup in a research report on Wednesday, July 15th. Finally, Weiss Ratings lowered shares of Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.28.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Positive pre-earnings outlook: Analysts expect third-quarter results to benefit from stronger net interest income and market revenues, while cost controls and shareholder returns remain key areas to watch. Citigroup stock ahead of Q3 earnings
• Positive Sentiment: New buy rating and upside target: TD Cowen initiated coverage of Citigroup with a “buy” rating and a $150 price target, implying meaningful upside from recent trading levels and reinforcing the view that Citi’s valuation could improve as its transformation progresses. TD Cowen coverage report
• Positive Sentiment: Private-bank expansion: Citi is adding regional leadership under former Bank of America executive Chris Biotti and targeting approximately $3 trillion in untapped North American client assets. Successful execution could strengthen fee income and help Citi compete more effectively in wealth management. Citi private bank expansion
• Positive Sentiment: AI and efficiency initiatives: Citi is shortening its investment-banking analyst program to two years while deploying AI tools to automate repetitive work. Management expects faster promotion paths and a more efficient talent model, although benefits will depend on implementation. Citigroup investment banking analyst program
• Neutral Sentiment: Valuation debate: Citi’s strong multi-year share-price performance has prompted questions about whether its returns on capital and profitability justify further gains. Optimists argue the bank could rerate closer to peers, while investors may demand more evidence from upcoming results. Citigroup valuation analysis
• Negative Sentiment: Mixed analyst signals and macro risks: UBS lowered its Citigroup price target to $139, and sharply rising bond yields could pressure bank valuations, funding costs and credit conditions ahead of earnings. UBS cuts Citigroup price target

Citigroup Profile

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.