Envestnet Asset Management Inc. Sells 438,475 Shares of Citigroup Inc. $C

Envestnet Asset Management Inc. trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 13.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,891,978 shares of the company’s stock after selling 438,475 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.16% of Citigroup worth $293,536,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in C. Wolff Wiese Magana LLC increased its stake in Citigroup by 87.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after purchasing an additional 120 shares in the last quarter. Guerra Advisors Inc purchased a new stake in shares of Citigroup during the third quarter valued at $33,000. Howard Hughes Medical Institute purchased a new stake in shares of Citigroup during the second quarter valued at $34,000. Legacy Investment Solutions LLC acquired a new position in shares of Citigroup in the 2nd quarter valued at $38,000. Finally, Capital A Wealth Management LLC purchased a new position in Citigroup in the 2nd quarter worth $38,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Wall Street analyst tone remains constructive — several coverage notes and a Zacks piece highlight analyst optimism that Citigroup’s valuation and earnings trajectory make it a buy candidate, which supports longer-term upside. Is Citigroup (C) a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Q4 fundamentals show pockets of strength — Citigroup reported an EPS beat on Jan. 14 (helping sentiment) and media write-ups summarize what drove the quarter, providing evidence management can lift profitability even as revenues were mixed. Here’s what lifted Citigroup (C) in Q4
• Neutral Sentiment: Citigroup filed to create a new 6.250% preferred-stock Series II — this strengthens capital/funding flexibility but introduces fixed-cost securities that can be viewed as a higher-cost form of capital; impact depends on use of proceeds and market reception. Citigroup Establishes New 6.250% Preferred Stock Series II
• Negative Sentiment: Major workforce reduction announced — reports say Citigroup plans to cut about 60,000 jobs by 2026. The scale raises concerns about execution risk, one-off costs, and reputational effects; while cuts could boost margins long-term, markets often punish uncertainty and the near-term expense and disruption. Citigroup to Axe 60,000 Jobs by 2026 — What It Signals for Bank Workers Everywhere

Wall Street Analysts Forecast Growth

C has been the subject of a number of research reports. TD Cowen reaffirmed a “hold” rating on shares of Citigroup in a report on Wednesday, January 7th. Truist Financial raised their price target on shares of Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Barclays upped their price objective on shares of Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Wolfe Research reissued an “outperform” rating and set a $141.00 target price on shares of Citigroup in a report on Wednesday, January 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.56.

Citigroup Stock Performance

Citigroup stock opened at $117.38 on Thursday. The business’s 50-day moving average price is $114.63 and its two-hundred day moving average price is $103.61. The stock has a market cap of $210.02 billion, a PE ratio of 16.84, a P/E/G ratio of 0.75 and a beta of 1.18. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $124.17. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.63.

Citigroup (NYSE:C) last announced its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.16. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The company had revenue of $19.87 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the prior year, the company earned $1.34 EPS. Citigroup’s revenue was up 2.1% compared to the same quarter last year. As a group, analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. Citigroup’s dividend payout ratio is presently 34.43%.

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.