169,919 Citigroup Inc. $C Shares Sold by Hosking Partners LLP

Hosking Partners LLP reduced its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 16.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 856,087 shares of the company's stock after selling 169,919 shares during the period. Citigroup comprises about 3.8% of Hosking Partners LLP's investment portfolio, making the stock its 4th biggest position. Hosking Partners LLP owned 0.05% of Citigroup worth $110,846,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Schuylkill Financial LLC boosted its holdings in Citigroup by 3.1% during the third quarter. Schuylkill Financial LLC now owns 7,400 shares of the company's stock valued at $958,000 after purchasing an additional 222 shares in the last quarter. Sterling Manor Financial LLC acquired a new position in shares of Citigroup in the 3rd quarter worth approximately $272,000. Sowell Financial Services LLC raised its holdings in shares of Citigroup by 5.5% in the 3rd quarter. Sowell Financial Services LLC now owns 12,831 shares of the company's stock worth $1,661,000 after buying an additional 664 shares in the last quarter. Atticus Wealth Management LLC raised its holdings in shares of Citigroup by 7.5% in the 3rd quarter. Atticus Wealth Management LLC now owns 2,144 shares of the company's stock worth $278,000 after buying an additional 150 shares in the last quarter. Finally, Axecap Investments LLC lifted its position in shares of Citigroup by 215.1% during the 3rd quarter. Axecap Investments LLC now owns 35,574 shares of the company's stock worth $4,606,000 after buying an additional 24,285 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Performance

Shares of Citigroup stock opened at $123.85 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a market cap of $211.24 billion, a P/E 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. Citigroup Inc. has a fifty-two week low of $95.00 and a fifty-two week high of $147.96.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $23.74 billion. During the same quarter in the previous year, the company posted $1.86 EPS. Citigroup's revenue was up 7.9% on a year-over-year basis. Sell-side analysts predict that Citigroup Inc. will post 11.42 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, November 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.2%. Citigroup's payout ratio is presently 26.15%.

Analyst Ratings Changes

C has been the topic of several recent analyst reports. Royal Bank Of Canada decreased their price target on Citigroup from $150.00 to $135.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 14th. JPMorgan Chase & Co. dropped their price objective on Citigroup from $149.00 to $147.00 and set an "overweight" rating for the company in a research note on Friday, October 2nd. Truist Financial dropped their price objective on Citigroup from $158.00 to $154.00 and set a "buy" rating for the company in a research note on Wednesday, July 15th. Argus set a $150.00 price objective on Citigroup in a report on Wednesday, July 15th. Finally, Morgan Stanley boosted their target price 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 given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $150.79.

Trending Headlines about Citigroup

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

Citigroup Profile

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.

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