Citigroup Inc. $C Holdings Decreased by Net Worth Advisory Group

Net Worth Advisory Group reduced its stake in shares of Citigroup Inc. (NYSE:C) by 72.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,290 shares of the company’s stock after selling 5,943 shares during the quarter. Net Worth Advisory Group’s holdings in Citigroup were worth $291,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of C. Eagle Wealth Advisors LLC lifted its position in Citigroup by 9.5% in the third quarter. Eagle Wealth Advisors LLC now owns 1,616 shares of the company’s stock worth $209,000 after purchasing an additional 140 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Citigroup by 0.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 257,321 shares of the company’s stock valued at $33,318,000 after purchasing an additional 1,821 shares in the last quarter. Vestia Personal Wealth Advisors bought a new position in Citigroup during the 3rd quarter valued at $293,000. Family Wealth Partners LLC acquired a new position in shares of Citigroup during the 3rd quarter valued at $230,000. Finally, CWA Asset Management Group LLC increased its position in shares of Citigroup by 9.3% during the 3rd quarter. CWA Asset Management Group LLC now owns 86,066 shares of the company’s stock valued at $11,144,000 after purchasing an additional 7,344 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Up 1.1%

C stock opened at $123.85 on Thursday. Citigroup Inc. has a 12 month low of $95.00 and a 12 month high of $147.96. The firm has a market cap of $211.24 billion, a PE ratio of 12.08, a P/E/G ratio of 0.54 and a beta of 1.13. The firm has a 50 day simple moving average of $131.93 and a 200 day simple moving average of $132.11. 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 issued its earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.19. The firm had revenue of $23.84 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $1.86 earnings per share. Equities research analysts forecast that Citigroup Inc. will post 11.42 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, November 2nd. Citigroup’s dividend payout ratio is 26.15%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on C. Evercore set a $135.00 price objective on Citigroup in a research note on Wednesday, October 14th. Wall Street Zen cut Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Loop Capital set a $155.00 target price on Citigroup in a research note on Tuesday, October 13th. Royal Bank Of Canada lowered their target price on Citigroup from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, October 14th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Citigroup in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus price target of $150.79.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Morgan Stanley views the post-earnings selloff as excessive. The firm reportedly sees approximately 32% upside for Citigroup, arguing that the roughly 6% decline after earnings was not justified. The bullish view could help support a rebound in C shares. Morgan Stanley says Citigroup’s post-earnings drop is unjustified
• Positive Sentiment: Citigroup declared a quarterly dividend of $0.67 per share. The payment is scheduled for November 25 for shareholders of record on November 2, representing an annualized dividend of $2.68 and a yield of roughly 2.2%. The continued payout reinforces the bank’s shareholder-return appeal. Citigroup Declares Common Stock Dividend
• Positive Sentiment: Citi is expanding its commercial and advertising capabilities through Citi Commerce Media. The initiative uses transaction insights to help advertisers predict consumer purchases, potentially creating a new fee and data-related revenue opportunity, although the financial impact is not yet quantified. Advertisers Should Stop Chasing Customers, Start Predicting Purchases: Citi’s Mike Venable
• Neutral Sentiment: Citigroup remains involved in strategic discussions over access to China’s financial market and is reorganizing its artificial-intelligence leadership. Progress on market permissions or AI capabilities could improve long-term growth, but the reports provide no immediate earnings impact. What Is Citigroup Signaling With China Talks And Its AI Reset?
• Neutral Sentiment: Citigroup disclosed that its stake in Solvay crossed 3%. The investment is unlikely to materially affect Citigroup’s valuation or near-term operating results. Citigroup Lifts Stake Above 3% in Solvay

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi’s consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.