Citigroup Inc. $C Stock Sold by Glenview Trust Co

Key Points

• Glenview Trust reduced its Citigroup stake by 12% in the third quarter, selling 31,570 shares and retaining 231,376 shares valued at approximately $30 million. Institutional investors collectively own 71.72% of Citi’s stock.
• Citigroup reported quarterly EPS of $2.85, exceeding the $2.66 consensus estimate, while revenue rose 7.9% year over year to $23.84 billion. The company also declared a quarterly dividend of $0.67 per share, representing a 2.2% yield.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $150.87, although shares recently traded down 2.5% at $122.62 and remained below their 50-day moving average.

Glenview Trust Co reduced its position in Citigroup Inc. (NYSE:C - Free Report) by 12.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,376 shares of the company's stock after selling 31,570 shares during the period. Glenview Trust Co's holdings in Citigroup were worth $29,959,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Compass Financial Management LLC purchased a new stake in Citigroup during the second quarter valued at $898,000. Andra AP fonden lifted its position in Citigroup by 22.3% during the second quarter. Andra AP fonden now owns 274,600 shares of the company's stock valued at $38,433,000 after purchasing an additional 50,100 shares during the last quarter. Saudi Central Bank grew its stake in shares of Citigroup by 80.8% in the 2nd quarter. Saudi Central Bank now owns 119,392 shares of the company's stock worth $16,710,000 after buying an additional 53,348 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Citigroup by 30.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 131,946 shares of the company's stock worth $18,467,000 after buying an additional 31,007 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Citigroup by 3.7% in the 2nd 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. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Trading Down 2.5%

C stock opened at $122.62 on Friday. Citigroup Inc. has a twelve month low of $95.83 and a twelve month high of $147.96. The stock has a market capitalization of $209.14 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 0.55 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. The firm's fifty day simple moving average is $130.02 and its two-hundred day simple moving average is $126.44.

Citigroup (NYSE:C - Get Free Report) last released its earnings results 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. 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 analyst estimates of $23.74 billion. During the same quarter last year, the business earned $1.86 EPS. The business's revenue was up 7.9% on a year-over-year basis. As a group, analysts anticipate that Citigroup Inc. will post 11.44 earnings per share for the current year.

Citigroup Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently commented on C shares. Bank of America increased their price target on shares of Citigroup from $170.00 to $176.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. 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 report on Wednesday, July 15th. Keefe, Bruyette & Woods reissued an "outperform" rating on shares of Citigroup in a research note on Wednesday, October 14th. Loop Capital set a $155.00 price objective on Citigroup in a research report on Tuesday, October 13th. Finally, TD Cowen lowered their price objective on Citigroup from $150.00 to $148.00 and set a "buy" rating for the company in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $150.87.

Trending Headlines about Citigroup

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.

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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