MRA Advisory Group Sells 7,959 Shares of Citigroup Inc. $C

Key Points

• MRA Advisory Group cut its Citigroup stake by 83.1% in the third quarter, selling 7,959 shares and retaining 1,621 shares valued at approximately $210,000.
• Institutional investors and hedge funds collectively own 71.72% of Citigroup, while the stock carries a “Moderate Buy” consensus rating and an average analyst price target of $149.06.
• Citigroup shares recently fell 1.4% to $126.76, despite the company’s latest earnings beating expectations and its quarterly dividend increasing from $0.60 to $0.67 per share.

MRA Advisory Group lessened its holdings in Citigroup Inc. (NYSE:C - Free Report) by 83.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,621 shares of the company's stock after selling 7,959 shares during the period. MRA Advisory Group's holdings in Citigroup were worth $210,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of C. Matrix Trust Co increased its position in Citigroup by 3.9% during the 3rd quarter. Matrix Trust Co now owns 14,909 shares of the company's stock worth $1,930,000 after purchasing an additional 559 shares in the last quarter. First Community Trust NA grew its holdings in shares of Citigroup by 113.0% during the third quarter. First Community Trust NA now owns 1,331 shares of the company's stock worth $172,000 after purchasing an additional 706 shares during the last quarter. Weaver Consulting Group grew its position in shares of Citigroup by 15.0% in the 3rd quarter. Weaver Consulting Group now owns 2,869 shares of the company's stock valued at $372,000 after buying an additional 375 shares during the last quarter. Juncture Wealth Strategies LLC raised its position in shares of Citigroup by 4.6% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 3,425 shares of the company's stock worth $443,000 after acquiring an additional 151 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in shares of Citigroup by 6.2% during the 3rd quarter. Moody National Bank Trust Division now owns 14,356 shares of the company's stock worth $1,859,000 after buying an additional 839 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Autonomous Research maintained an Outperform rating while making only a modest adjustment to its price target, lowering it to $146 from $147. The target still implies substantial upside from recent levels. Autonomous Research Adjusts Price Target on Citigroup
• Positive Sentiment: Citigroup’s partnership with Coinbase to support institutional stablecoin payments and expanded token-related services highlights its efforts to build a position in digital-asset infrastructure and cross-border payments. Investors Reacting to Citigroup Expanding Token Services
• Neutral Sentiment: Wall Street expects Citigroup to report year-over-year earnings growth when it releases results next week. The upcoming report is a key catalyst, with investors likely focused on revenue trends, credit quality, expense control and management’s outlook. Citigroup Reports Q3 Earnings on October 13
• Neutral Sentiment: Citigroup is accelerating promotions for junior bankers as it competes for talent. The move may support investment-banking growth but could also increase compensation costs. Citigroup Fast-Tracks Junior Bankers
• Negative Sentiment: UBS lowered its Citigroup price target to $139 from $142 and retained a Neutral rating. Although the revised target remains above the recent share price, the reduction signals limited analyst conviction and likely contributed to selling pressure. Citigroup Price Target Lowered by UBS

Wall Street Analyst Weigh In

C has been the subject of a number of recent research reports. Argus set a $150.00 price target on shares of Citigroup in a research note on Wednesday, July 15th. Bank of America upped their target price on shares of Citigroup from $170.00 to $176.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. HSBC began coverage on shares of Citigroup in a research note on Monday, September 28th. They issued a "buy" rating and a $164.00 price objective for the company. Truist Financial reduced their target price on Citigroup from $158.00 to $154.00 and set a "buy" rating for the company in a report on Wednesday, July 15th. Finally, Wall Street Zen cut Citigroup from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $149.06.

Citigroup Stock Down 1.4%

Shares of NYSE C traded down $1.76 during trading on Wednesday, reaching $126.76. The company had a trading volume of 4,396,319 shares, compared to its average volume of 12,476,689. The business's 50-day moving average is $133.89 and its 200 day moving average is $131.06. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a market cap of $216.20 billion, a PE ratio of 13.69, a P/E/G ratio of 0.57 and a beta of 1.13. Citigroup Inc. has a 12-month low of $93.66 and a 12-month high of $147.96.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The business had revenue of $24.77 billion during the quarter, compared to analysts' expectations of $23.74 billion. During the same period in the previous year, the company earned $1.96 earnings per share. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, equities analysts forecast that Citigroup Inc. will post 11.19 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were paid a $0.67 dividend. This is an increase from Citigroup's previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, August 3rd. Citigroup's dividend payout ratio (DPR) is presently 28.94%.

Citigroup Company 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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