Citigroup Inc. $C Stock Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 7.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320,655 shares of the company's stock after selling 26,952 shares during the period. Commonwealth Equity Services LLC's holdings in Citigroup were worth $41,518,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of C. State Street Corp increased its position 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 in the last quarter. Bank of America Corp DE raised its holdings 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 worth $3,047,215,000 after acquiring an additional 728,043 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Citigroup in the second quarter worth $3,244,602,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 in the last quarter. Finally, Amundi lifted its position in shares of Citigroup by 3.2% in the first quarter. Amundi now owns 12,126,823 shares of the company's stock valued at $1,375,303,000 after acquiring an additional 374,840 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Trading Up 0.1%

Shares of C opened at $119.16 on Monday. Citigroup Inc. has a fifty-two week low of $95.83 and a fifty-two week high of $147.96. The company has a market capitalization of $203.23 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. The stock has a fifty day moving average of $128.92 and a two-hundred day moving average of $126.60. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.00 and a current ratio of 1.00.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, topping 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 return on equity of 10.57% and a net margin of 10.97%. The business's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 earnings per share. As a group, analysts forecast that Citigroup Inc. will post 11.44 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors 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 annualized dividend and a yield of 2.2%. Citigroup's dividend payout ratio is 26.15%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on C shares. JPMorgan Chase & Co. increased their price objective on Citigroup from $147.00 to $148.50 and gave the company an "overweight" rating in a research note on Friday, October 30th. Truist Financial cut their target price on shares of Citigroup from $158.00 to $154.00 and set a "buy" rating for the company in a research note on Wednesday, July 15th. Evercore set a $135.00 target price on shares of Citigroup in a report on Wednesday, October 14th. Weiss Ratings lowered shares of Citigroup from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, October 2nd. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Citigroup in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $150.87.

Citigroup News Roundup

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

About Citigroup

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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