Citigroup Inc. $C Shares Acquired by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services increased its Citigroup stake by 8.3% in the third quarter, adding 12,647 shares to hold 164,658 shares valued at about $21.3 million. Institutional investors collectively own 71.72% of the stock.
• Citigroup reported quarterly earnings of $2.85 per share, above the $2.66 consensus estimate, while revenue rose 7.9% year over year to $23.84 billion. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $150.87.
• The bank declared a quarterly dividend of $0.67 per share, equivalent to $2.68 annually and a 2.2% yield.

Kestra Advisory Services LLC increased its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 8.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,658 shares of the company's stock after purchasing an additional 12,647 shares during the quarter. Kestra Advisory Services LLC's holdings in Citigroup were worth $21,320,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in Citigroup by 3.7% during the second quarter. State Street Corp now owns 80,956,349 shares of the company's stock worth $11,199,986,000 after buying an additional 2,913,701 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Citigroup by 2.8% in the first quarter. Bank of America Corp DE now owns 26,869,012 shares of the company's stock valued at $3,047,215,000 after acquiring an additional 728,043 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Citigroup in the second quarter valued at approximately $3,244,602,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Citigroup by 10.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,467,857 shares of the company's stock valued at $1,745,001,000 after acquiring an additional 1,210,006 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Citigroup by 3.2% in the 1st quarter. Amundi now owns 12,126,823 shares of the company's stock worth $1,375,303,000 after acquiring an additional 374,840 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup and DBS are competing to recruit talent for their India operations, including expansion tied to GIFT City. The hiring push points to investment in the region’s growth potential, though the articles do not quantify its expected financial impact. Citigroup, DBS vie for top talent to boost business in India hub
• Positive Sentiment: CEO Jane Fraser said she does not expect the market correction to become deeper or last longer, which may help reassure investors after the recent sell-off. This is a view on the broader market, not a change to Citi’s outlook. Citigroup CEO Jane Fraser on the market correction
• Neutral Sentiment: Citi named Circle its top pick in regulated stablecoins and digital payments. The call reflects Citi’s research activity, but Circle—not Citigroup—is the stock being recommended, so it is not a direct earnings catalyst for C. Citi Names Top Stock in Stablecoin and Digital Payments Space
• Negative Sentiment: Citigroup shares had a sharp decline in the prior session amid a volatile market. The broader backdrop remains uncertain, with post-election policy potentially slowing bank deregulation and increasing scrutiny of financial firms. Citigroup’s recent price decline Midterm election results and financial stocks
• Negative Sentiment: Citi’s strategists say the AI trade could remain under pressure and currently favor European equities over U.S. stocks. That cautious view may weigh on broader market sentiment, though it is not specific to Citi’s own fundamentals. Citi explains why the AI trade may remain under pressure

Analyst Ratings Changes

A number of research firms recently commented on C. Wall Street Zen upgraded Citigroup from a "hold" rating to a "buy" rating in a research report on Saturday. TD Cowen dropped their price target on Citigroup from $150.00 to $148.00 and set a "buy" rating for the company in a report on Wednesday, October 14th. UBS Group set a $148.00 price objective on Citigroup in a research report on Wednesday, October 14th. JPMorgan Chase & Co. boosted their price objective on Citigroup from $147.00 to $148.50 and gave the stock an "overweight" rating in a research note on Friday, October 30th. Finally, Keefe, Bruyette & Woods restated an "outperform" rating on shares of Citigroup in a report on Wednesday, October 14th. One investment 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $150.87.

Citigroup Trading Up 0.6%

Shares of NYSE C opened at $119.16 on Friday. Citigroup Inc. has a 1-year low of $95.83 and a 1-year high of $147.96. The company has a 50-day moving average of $128.92 and a two-hundred day moving average of $126.60. The company has a market cap of $203.24 billion, a PE ratio of 11.63, a P/E/G ratio of 0.52 and a beta of 1.18. 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 results on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, beating the consensus estimate 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%. Citigroup's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.86 earnings per share. As a group, equities analysts expect that Citigroup Inc. will post 11.44 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

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

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City. Founded in 1812 as the City Bank of New York, it has grown into an international banking organization serving individuals, businesses, governments and institutions.

The company provides consumer banking and wealth management services, including deposits, lending, credit cards and investment services. For corporate and institutional clients, Citi offers transaction banking, treasury and trade solutions, securities services, investment banking, and markets and financing services.

Citi serves clients across the United States and a broad range of international markets, drawing on its global network to support cross-border business and financial activity.

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