Citigroup Inc. $C Stock: New England Research & Management Inc. Increases Position

New England Research & Management Inc. boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 55.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,950 shares of the company’s stock after purchasing an additional 7,498 shares during the period. Citigroup comprises approximately 1.0% of New England Research & Management Inc.’s holdings, making the stock its 28th largest holding. New England Research & Management Inc.’s holdings in Citigroup were worth $2,713,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Paladin Partners LLC purchased a new position in Citigroup during the 2nd quarter valued at $27,000. Pin Oak Investment Advisors Inc. bought a new position in Citigroup in the 2nd quarter worth $29,000. Whipplewood Advisors LLC purchased a new stake in shares of Citigroup in the 1st quarter worth about $25,000. TD Capital Management LLC purchased a new stake in shares of Citigroup in the 4th quarter worth about $28,000. Finally, IMG Wealth Management Inc. boosted its stake 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 in the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on C. Bank of America boosted their price target on shares of Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Oppenheimer lowered shares of Citigroup from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Weiss Ratings cut Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Finally, UBS Group set a $148.00 target price on Citigroup in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $150.79.

Citigroup Stock Up 0.9%

C traded up $1.15 during trading on Friday, reaching $124.36. The stock had a trading volume of 10,382,170 shares, compared to its average volume of 10,436,417. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $212.11 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 0.54 and a beta of 1.13. The stock’s 50 day moving average is $132.74 and its two-hundred day moving average is $131.77. Citigroup Inc. has a one year low of $95.00 and a one year high of $147.96.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.19. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The firm had revenue of $23.84 billion for the quarter, compared to analysts’ expectations of $23.74 billion. During the same quarter in the previous year, the business posted $1.86 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, analysts expect that Citigroup Inc. will post 11.34 earnings per share for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors 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. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 2.2%. Citigroup’s dividend payout ratio is 26.15%.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: U.S. officials raised Citigroup’s market-access issues in China during bilateral talks in Bangkok. The discussions followed an agreement tied to regulatory approval, potentially improving Citi’s growth prospects in the Chinese market. U.S. raises Mastercard, Citigroup China market access in bilateral Bangkok talks
• Positive Sentiment: Recent third-quarter results continued to support Citi’s turnaround narrative. The bank reported earnings of $2.85 per share, above the $2.66 consensus estimate, while revenue rose 7.9% year over year to $23.85 billion. Net income reportedly increased 17%, and quarterly revenue reached its highest level in a decade. Citigroup CEO Jane Fraser Says the Bank Is on Front Foot
• Positive Sentiment: Citigroup is reportedly preparing an initial public offering for Banamex, its former Mexican consumer-banking business. A successful separation and IPO could simplify Citi’s operations, unlock value, and allow management to focus on its core businesses. Banamex leadership pitches turnaround ahead of targeted Citi IPO
• Neutral Sentiment: Citi expects the Federal Reserve to raise interest rates by 25 basis points in December after hotter-than-expected inflation. Higher rates may support lending margins, but they could also pressure economic activity, credit quality, and dealmaking. Citi expects Fed to raise rates by 25 basis points
• Negative Sentiment: Royal Bank of Canada cut its price target for Citigroup, adding pressure after the stock’s post-earnings performance. Broader bank shares have also struggled despite earnings beats because investors remain concerned about interest-rate volatility and potentially slowing trading and investment-banking revenue. Citigroup Stock Price Target Cut by Royal Bank of Canada
• Negative Sentiment: Citi allowed employees in Saudi Arabia to work remotely as regional conflict intensified. The move demonstrates business-continuity planning but highlights geopolitical risks that could disrupt local operations and client activity. Why Is Citigroup Letting Saudi Staff Work Remotely?

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.