Citigroup Inc. $C Stock: Guardian Partners Inc. Trims Position

Guardian Partners Inc. cut its position in shares of Citigroup Inc. (NYSE:C) by 19.2% in the third quarter, HoldingsChannel reports. The firm owned 21,000 shares of the company’s stock after selling 5,000 shares during the period. Guardian Partners Inc.’s holdings in Citigroup were worth $2,719,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in C. Compass Financial Management LLC purchased a new position in Citigroup during the 2nd quarter valued at about $898,000. Andra AP fonden raised its holdings in shares of Citigroup by 22.3% in the 2nd 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 in the last quarter. Saudi Central Bank lifted its position 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 purchasing an additional 53,348 shares during the period. Concurrent Investment Advisors LLC lifted its position 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 purchasing an additional 31,007 shares during the period. Finally, Vestor Capital LLC lifted its position in shares of Citigroup by 4,918,233.3% in the 1st quarter. Vestor Capital LLC now owns 295,100 shares of the company’s stock worth $33,467,000 after purchasing an additional 295,094 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Morgan Stanley views the post-earnings selloff as excessive. The firm reportedly sees approximately 32% upside for Citigroup, arguing that the roughly 6% decline after earnings was not justified. The bullish view could help support a rebound in C shares. Morgan Stanley says Citigroup’s post-earnings drop is unjustified
• Positive Sentiment: Citigroup declared a quarterly dividend of $0.67 per share. The payment is scheduled for November 25 for shareholders of record on November 2, representing an annualized dividend of $2.68 and a yield of roughly 2.2%. The continued payout reinforces the bank’s shareholder-return appeal. Citigroup Declares Common Stock Dividend
• Positive Sentiment: Citi is expanding its commercial and advertising capabilities through Citi Commerce Media. The initiative uses transaction insights to help advertisers predict consumer purchases, potentially creating a new fee and data-related revenue opportunity, although the financial impact is not yet quantified. Advertisers Should Stop Chasing Customers, Start Predicting Purchases: Citi’s Mike Venable
• Neutral Sentiment: Citigroup remains involved in strategic discussions over access to China’s financial market and is reorganizing its artificial-intelligence leadership. Progress on market permissions or AI capabilities could improve long-term growth, but the reports provide no immediate earnings impact. What Is Citigroup Signaling With China Talks And Its AI Reset?
• Neutral Sentiment: Citigroup disclosed that its stake in Solvay crossed 3%. The investment is unlikely to materially affect Citigroup’s valuation or near-term operating results. Citigroup Lifts Stake Above 3% in Solvay

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on C. Loop Capital set a $155.00 price objective on shares of Citigroup in a report on Tuesday, October 13th. UBS Group set a $148.00 price objective on shares of Citigroup in a research note on Wednesday, October 14th. Morgan Stanley upped their target price on Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Truist Financial dropped their target price on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Finally, Weiss Ratings downgraded Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 2nd. 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $150.79.

Citigroup Price Performance

Shares of NYSE C opened at $123.85 on Thursday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.99 and a current ratio of 1.00. The company has a market cap of $211.24 billion, a PE ratio of 12.08, a P/E/G ratio of 0.54 and a beta of 1.13. The business has a 50-day simple moving average of $131.93 and a two-hundred day simple moving average of $132.11. Citigroup Inc. has a fifty-two week low of $95.00 and a fifty-two week high of $147.96.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the prior year, the company posted $1.86 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts expect that Citigroup Inc. will post 11.42 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 2nd will be paid a $0.67 dividend. The ex-dividend date is Monday, November 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 2.2%. Citigroup’s dividend payout ratio (DPR) is 26.15%.

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.