Citigroup Inc. $C Holdings Boosted by Sterling Capital Management LLC

Sterling Capital Management LLC grew its holdings in shares of Citigroup Inc. (NYSE:C) by 4.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,860 shares of the company’s stock after buying an additional 4,773 shares during the quarter. Sterling Capital Management LLC’s holdings in Citigroup were worth $14,743,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BIP Wealth LLC grew its holdings in Citigroup by 13.8% during the third quarter. BIP Wealth LLC now owns 5,207 shares of the company’s stock worth $674,000 after buying an additional 630 shares in the last quarter. MBL Wealth LLC raised its position in Citigroup by 87.5% in the 3rd quarter. MBL Wealth LLC now owns 14,224 shares of the company’s stock valued at $1,842,000 after buying an additional 6,639 shares during the last quarter. Royal Fund Management LLC lifted its stake in Citigroup by 18.1% during the 3rd quarter. Royal Fund Management LLC now owns 11,996 shares of the company’s stock valued at $1,553,000 after acquiring an additional 1,840 shares in the last quarter. NBT Bank N.A. purchased a new position in Citigroup during the 3rd quarter worth $611,000. Finally, Root Financial Partners LLC boosted its holdings in Citigroup by 37.7% during the 3rd quarter. Root Financial Partners LLC now owns 7,611 shares of the company’s stock worth $985,000 after acquiring an additional 2,083 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: China’s securities regulator approved Citi’s plan to establish a wholly owned onshore securities business. The approval expands Citigroup’s ability to serve Chinese capital-markets clients and removes a nearly five-year regulatory hurdle. Citigroup Wins Approval for Wholly Owned China Brokerage
• Positive Sentiment: Erste Group Bank raised its Citigroup EPS forecasts to $11.35 for fiscal 2026 and $12.89 for fiscal 2027, signaling improved expectations for future profitability. Citigroup earnings estimate update
• Positive Sentiment: Citi arranged a $3.5 billion senior secured financing facility for AI-cloud company Nebius. The transaction should generate fees and highlights Citi’s role in funding the expansion of artificial-intelligence infrastructure. Nebius secures $3.5 billion financing facility with Citi
• Positive Sentiment: Citi completed a $72 million bond tied to carbon-removal credits for a Texas biochar project, supporting its sustainable-finance credentials and potential investment-banking revenue. Citi closes $72 million biochar bond
• Neutral Sentiment: Citigroup elected James Flanagan as an independent director. The appointment modestly strengthens board oversight but is unlikely to materially change near-term earnings expectations. Citigroup elects James Flanagan as independent director
• Negative Sentiment: September credit-card delinquencies and net losses increased sequentially while receivables declined. The deterioration raises concerns about asset quality, provisions and the sustainability of consumer-banking earnings growth. Citi’s September card delinquencies rise

Wall Street Analysts Forecast Growth

C has been the subject of several recent analyst reports. UBS Group set a $148.00 target price on shares of Citigroup in a research note on Wednesday, October 14th. TD Cowen cut their price target on shares of Citigroup from $150.00 to $148.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. Argus set a $150.00 price target on shares of Citigroup in a report on Wednesday, July 15th. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Finally, Morgan Stanley increased their price objective on shares of Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $150.79.

Citigroup Stock Performance

NYSE:C traded down $1.85 during trading on Friday, reaching $120.66. The company’s stock had a trading volume of 7,045,623 shares, compared to its average volume of 9,437,295. Citigroup Inc. has a 12 month low of $95.83 and a 12 month high of $147.96. The firm has a market cap of $205.80 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13. The firm has a 50 day moving average of $131.23 and a 200-day moving average of $132.08. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.99 and a current ratio of 1.00.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.19. The company had revenue of $23.84 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.86 EPS. Research analysts expect that Citigroup Inc. will post 11.44 EPS for the current fiscal year.

Citigroup Announces Dividend

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

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.