Citigroup Inc. $C Holdings Lowered by ProShare Advisors LLC

Key Points

• ProShare Advisors reduced its Citigroup stake by 3.4% in the third quarter, selling 13,235 shares and retaining 370,877 shares valued at approximately $48.0 million. Institutional investors collectively own 71.72% of the company.
• Citigroup reported quarterly earnings of $2.85 per share, exceeding estimates of $2.66, while revenue rose 7.9% year over year to $23.84 billion. The company also declared a quarterly dividend of $0.67, representing a 2.2% annualized yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $150.87, above the stock’s reported price of $122.62. However, shares were trading below their 50-day moving average, indicating recent technical weakness.

ProShare Advisors LLC lowered its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 370,877 shares of the company's stock after selling 13,235 shares during the quarter. ProShare Advisors LLC's holdings in Citigroup were worth $48,021,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in C. Whipplewood Advisors LLC acquired a new stake in shares of Citigroup in the 1st quarter valued at about $25,000. Paladin Partners LLC bought a new position in shares of Citigroup during the second quarter worth about $27,000. Balance Wealth Partners LLC bought a new position in shares of Citigroup during the third quarter worth about $27,000. IMG Wealth Management Inc. grew its stake in Citigroup by 197.6% in the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company's stock worth $28,000 after purchasing an additional 162 shares in the last quarter. Finally, Scarborough Advisors LLC bought a new stake in Citigroup in the first quarter valued at about $29,000. Institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

C stock opened at $122.62 on Monday. Citigroup Inc. has a 1 year low of $95.83 and a 1 year high of $147.96. The stock has a market capitalization of $209.14 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.54 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.99 and a current ratio of 1.00. The stock's fifty day moving average is $130.02 and its two-hundred day moving average is $126.44.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data 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 business had revenue of $23.84 billion for 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 company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.86 EPS. On average, research analysts predict that Citigroup Inc. will post 11.44 EPS for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 2nd will be paid a $0.67 dividend. The ex-dividend date is Monday, November 2nd. This represents a $2.68 annualized dividend and a dividend yield of 2.2%. Citigroup's dividend payout ratio (DPR) is presently 26.15%.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Debt redemption may improve funding flexibility. Citibank, N.A., Citigroup’s principal banking subsidiary, announced the full redemption of $2 billion of 5.488% notes due 2026 and $500 million of floating-rate notes due 2026. Retiring the obligations could reduce future interest expense and refinancing needs, although it also uses $2.5 billion of cash. Citibank Announces $2 Billion Redemption of Notes
• Positive Sentiment: Recent operating trends remain supportive. Citigroup’s latest reported quarter exceeded consensus estimates on earnings and revenue, while management raised its 2026 return-on-tangible-common-equity target above 11%, improved its net-interest-income outlook, increased the dividend and authorized a new $30 billion buyback. These measures provide potential support for earnings per share and shareholder returns. Citigroup Could Be Undervalued
• Neutral Sentiment: Options activity signals volatility, not direction. Recent options-market activity indicates traders are positioning for a potentially large move in C stock, but the available report does not establish whether investors are predominantly bullish or bearish. Options Traders Betting on a Big Move in Citigroup Stock
• Negative Sentiment: Technical weakness is offsetting the fundamental positives. Shares remain below both their 50-day and 200-day moving averages after a recent pullback. That positioning can encourage short-term selling and profit-taking, particularly while investors await a clearer catalyst beyond the buyback, dividend and guidance upgrades.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Loop Capital set a $155.00 price target on Citigroup in a research report on Tuesday, October 13th. Evercore set a $135.00 price objective on shares of Citigroup in a report on Wednesday, October 14th. TD Cowen lowered their target price on shares of Citigroup from $150.00 to $148.00 and set a "buy" rating for the company in a research note on Wednesday, October 14th. Zacks Research lowered shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. Finally, Royal Bank Of Canada dropped their target price on shares of Citigroup from $150.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.87.

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.

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