Citigroup Inc. $C Stock Acquired by Mystic Asset Management Inc.

Mystic Asset Management Inc. lifted its stake in Citigroup Inc. (NYSE:C) by 43.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,248 shares of the company’s stock after buying an additional 12,841 shares during the quarter. Citigroup makes up 1.2% of Mystic Asset Management Inc.’s holdings, making the stock its 17th largest position. Mystic Asset Management Inc.’s holdings in Citigroup were worth $5,470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new stake in shares of Citigroup in the second quarter valued at approximately $3,244,602,000. Nykredit A S purchased a new position in Citigroup during the second quarter worth approximately $458,275,000. State Street Corp lifted its position in Citigroup by 3.7% during the second quarter. State Street Corp now owns 80,956,349 shares of the company’s stock worth $11,199,986,000 after buying an additional 2,913,701 shares in the last quarter. SEB Asset Management AB acquired a new position in Citigroup during the first quarter worth $252,972,000. Finally, OMERS ADMINISTRATION Corp boosted its stake in Citigroup by 1,137.1% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,840,374 shares of the company’s stock worth $257,579,000 after buying an additional 1,691,611 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup reported third-quarter earnings of $2.85 per share, above the $2.66 consensus estimate, while revenue increased 7.9% year over year to approximately $23.85 billion. Net income rose 40% to $5.2 billion, supported by growth in Services, investment banking and wealth management. Citigroup CEO Jane Fraser Says the Bank Is on Front Foot With Cyber Defenses and AI
• Positive Sentiment: Management raised its 2026 profitability outlook, citing strong Services growth, AI-driven efficiency gains and disciplined capital deployment. CEO Jane Fraser also highlighted improved cybersecurity and AI capabilities, while Citi raised its dividend. Citigroup Q3 Earnings Call Highlights Higher Return Outlook and AI Gains
• Positive Sentiment: Citi’s preparations for a potential Banamex IPO could create value by completing the separation of its former Mexican consumer banking business and allowing investors to better assess the remaining company. The offering is targeted for early 2027. Banamex Leadership Pitches Turnaround Ahead of Targeted Citi IPO
• Neutral Sentiment: RBC lowered its price target from $150 to $135 but maintained an Outperform rating, implying analysts still see upside while becoming more cautious about near-term results. RBC Lowers Citigroup Price Target
• Negative Sentiment: The post-earnings selloff reflects weaker sequential performance: revenue and net income declined from the second quarter, while investors questioned the sustainability of trading gains and the softer year-end cost outlook. Higher credit-loss provisions and weaker capital ratios also weighed on sentiment. Citi Stock Falls Despite Earnings Beat
• Negative Sentiment: Citi expects the Federal Reserve to raise rates by 25 basis points in December after hotter inflation, with no cuts expected before June 2027. Higher-for-longer rates could pressure loan demand, funding costs and net interest income. Unusually heavy put-option activity further signals short-term investor caution.

Citigroup Trading Up 0.4%

Shares of C stock traded up $0.50 during trading on Thursday, hitting $122.77. 5,585,577 shares of the stock traded hands, compared to its average volume of 12,438,260. Citigroup Inc. has a 52-week low of $95.00 and a 52-week high of $147.96. The firm has a market capitalization of $209.40 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 0.55 and a beta of 1.13. The firm’s fifty day moving average price is $133.16 and its 200-day moving average price is $131.71. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 0.99.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.19. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The company had revenue of $23.84 billion during the quarter, compared to analysts’ expectations of $23.74 billion. During the same quarter last year, the firm earned $1.86 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, research analysts forecast 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. Investors of record on Monday, August 3rd were issued a $0.67 dividend. This is a boost from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, August 3rd. This represents a $2.68 annualized dividend and a yield of 2.2%. Citigroup’s payout ratio is 26.15%.

Analyst Upgrades and Downgrades

C has been the subject of several analyst reports. Royal Bank Of Canada dropped their target price on Citigroup from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday. TD Cowen reduced their price target on Citigroup from $150.00 to $148.00 and set a “buy” rating on the stock in a report on Wednesday. Wells Fargo & Company boosted their price target on shares of Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Wall Street Zen lowered shares of Citigroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, HSBC assumed coverage on shares of Citigroup in a report on Monday, September 28th. They issued a “buy” rating and a $164.00 price objective for the company. One investment 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, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.79.

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.