10,733 Shares in Citigroup Inc. $C Bought by Fluent Financial LLC

Fluent Financial LLC bought a new position in Citigroup Inc. (NYSE:C) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,733 shares of the company’s stock, valued at approximately $1,390,000.

Several other hedge funds and other institutional investors have also bought and sold shares of C. Whipplewood Advisors LLC bought a new stake in shares of Citigroup in the 1st quarter worth approximately $25,000. Paladin Partners LLC purchased a new stake in shares of Citigroup in the 2nd quarter valued at $27,000. TD Capital Management LLC bought a new position in shares of Citigroup during the 4th quarter valued at $28,000. IMG Wealth Management Inc. grew its holdings in shares of Citigroup by 197.6% during the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock valued at $28,000 after purchasing an additional 162 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new position in Citigroup in the 1st quarter worth $29,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. TD Cowen started coverage on shares of Citigroup in a research note on Thursday, October 8th. They issued a “buy” rating and a $150.00 price target for the company. Truist Financial cut their price target on shares of Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. JPMorgan Chase & Co. reduced their price objective on Citigroup from $149.00 to $147.00 and set an “overweight” rating on the stock in a research note on Friday, October 2nd. Evercore set a $140.00 price objective on Citigroup in a report on Thursday, October 1st. Finally, HSBC began coverage on Citigroup in a report on Monday, September 28th. They issued a “buy” rating and a $164.00 price objective on the stock. One equities research 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.28.

Citigroup Trading Down 5.6%

Shares of NYSE:C traded down $7.36 during trading on Tuesday, reaching $124.56. 20,387,441 shares of the company traded hands, compared to its average volume of 12,467,814. The firm has a market capitalization of $212.45 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 0.57 and a beta of 1.13. Citigroup Inc. has a 52-week low of $95.00 and a 52-week high of $147.96. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The business’s fifty day moving average is $133.71 and its 200-day moving average is $131.57.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.20. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The firm had revenue of $23.84 billion for the quarter, compared to analysts’ expectations of $23.72 billion. During the same quarter last year, the business earned $1.86 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. As a group, analysts forecast that Citigroup Inc. will post 11.19 EPS for the current year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were issued a dividend of $0.67 per share. The ex-dividend date was Monday, August 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 2.2%. This is an increase from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s dividend payout ratio (DPR) is currently 28.94%.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup reported third-quarter adjusted earnings of $2.85 per share, above the roughly $2.65–$2.66 analyst consensus, while revenue of $23.85 billion also exceeded expectations. Net income rose 40% year over year to $5.2 billion. Citigroup Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Growth was broad-based: Services and Wealth revenue each increased 15%, Markets revenue rose 6%, and credit-card spending and borrowings increased. Citi also returned approximately $4.1 billion to shareholders through buybacks and dividends. Citigroup Third-Quarter Revenue Reaches $23.8 Billion
• Neutral Sentiment: Management is continuing efforts to resolve long-standing regulatory requirements, which could eventually remove constraints on growth but may require additional execution and investment. Citi’s CFO also said Wall Street deal activity is cooling after a strong first half, creating uncertainty for investment-banking revenue. Citigroup Races to Resolve Lingering Regulatory Issues
• Negative Sentiment: Higher credit-loss provisions—up 6% to about $2.6 billion—and weaker capital ratios overshadowed the earnings beat. Citi’s preliminary common equity Tier 1 ratio was 12.8%, while investors remain concerned that a flattening yield curve could increase future credit risk, particularly in consumer lending. Citigroup Q3 Earnings Beat, Shares Down

Citigroup Company 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.