8,827 Citigroup Inc. $C Shares Sold by HBW Advisory Services LLC

HBW Advisory Services LLC cut its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 31.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,277 shares of the company's stock after selling 8,827 shares during the quarter. HBW Advisory Services LLC's holdings in Citigroup were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of C. Whipplewood Advisors LLC bought a new position in shares of Citigroup in the 1st quarter worth $25,000. Paladin Partners LLC bought a new stake in shares of Citigroup during the 2nd quarter worth $27,000. TD Capital Management LLC bought a new stake in shares of Citigroup during the 4th quarter worth $28,000. IMG Wealth Management Inc. lifted its holdings in shares of Citigroup by 197.6% during the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company's stock worth $28,000 after acquiring an additional 162 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new position in Citigroup in the first quarter worth $29,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Down 1.6%

Shares of NYSE:C opened at $122.53 on Thursday. The stock's 50-day moving average price is $133.16 and its 200-day moving average price is $131.71. Citigroup Inc. has a 12-month low of $95.00 and a 12-month high of $147.96. The stock has a market capitalization of $208.99 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 0.55 and a beta of 1.13. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.78.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 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 firm had revenue of $23.84 billion for the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the previous year, the business earned $1.86 earnings per share. The company's quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that Citigroup Inc. will post 11.19 earnings per share for the current year.

Citigroup Increases Dividend

The business 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 represents a $2.68 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, August 3rd. This is a positive change from Citigroup's previous quarterly dividend of $0.60. Citigroup's dividend payout ratio is 28.94%.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q3 earnings beat expectations. Citigroup reported $2.85 in earnings per share versus the $2.66 consensus, while revenue rose 7.9% year over year to approximately $23.85 billion. Net income increased 40% to $5.2 billion, supported by 15% growth in both Services and Wealth revenue. Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
• Positive Sentiment: Management raised its profitability outlook and increased shareholder returns. Citi cited strong Services growth, AI-related efficiencies and disciplined capital deployment, while also raising its dividend and expanding buybacks. The bank returned about $4.1 billion to shareholders during the quarter. Citigroup Q3 Earnings Call Highlights Higher Return Outlook and AI Gains
• Positive Sentiment: Banamex separation and a potential IPO could unlock value. Citigroup is reportedly preparing to fully spin off its former Mexican consumer-banking business, with an initial public offering targeted for early 2027. Completing the separation could simplify Citi’s portfolio and provide proceeds or a valuation reference for the asset. Banamex Leadership Pitches Turnaround Ahead of Targeted Citi IPO
• Neutral Sentiment: Citi expects a 25-basis-point Federal Reserve rate increase in December. Higher rates could support net interest income, but Citi also expects rates to remain elevated until at least mid-2027, increasing pressure on borrowers and the broader economy. Global Market: Citi Expects Fed to Raise Rates
• Negative Sentiment: Investors questioned the durability of the beat. Trading and investment-banking activity softened sequentially, management warned that fourth-quarter trading revenue could decline, credit-loss provisions increased and analysts cut price targets. Elevated put-option activity and concerns about weaker capital ratios added to the cautious tone. Citi Stock Falls Despite Earnings Beat: What Investors Need to Know

Analysts Set New Price Targets

A number of research firms recently commented on C. Argus set a $150.00 target price on Citigroup in a research note on Wednesday, July 15th. Wall Street Zen downgraded Citigroup from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. UBS Group set a $148.00 price target on Citigroup in a research report on Wednesday. Truist Financial dropped their price target on Citigroup from $158.00 to $154.00 and set a "buy" rating for the company in a research note on Wednesday, July 15th. Finally, Oppenheimer cut Citigroup from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $150.79.

Citigroup 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.

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