Citigroup Inc. $C Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its stake in shares of Citigroup Inc. (NYSE:C) by 10.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 288,905 shares of the company’s stock after purchasing an additional 27,893 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Citigroup were worth $37,407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in C. Paladin Partners LLC acquired a new position in Citigroup during the second quarter worth $27,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Citigroup in the 2nd quarter worth $29,000. Whipplewood Advisors LLC acquired a new stake in shares of Citigroup in the 1st quarter worth $25,000. Center for Financial Planning Inc. increased its stake in shares of Citigroup by 78.7% in the 3rd quarter. Center for Financial Planning Inc. now owns 243 shares of the company’s stock worth $31,000 after acquiring an additional 107 shares during the last quarter. Finally, IMG Wealth Management Inc. raised its holdings in shares of Citigroup by 197.6% during the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after acquiring an additional 162 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

NYSE:C opened at $121.12 on Tuesday. Citigroup Inc. has a 52 week low of $95.83 and a 52 week high of $147.96. 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 company has a market capitalization of $206.58 billion, a P/E ratio of 11.82, a P/E/G ratio of 0.53 and a beta of 1.13. The stock’s fifty day moving average is $130.90 and its two-hundred day moving average is $126.37.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.66 by $0.19. The business had revenue of $23.84 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.86 EPS. Equities analysts expect that Citigroup Inc. will post 11.44 EPS for the current year.

Citigroup Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on C. HSBC assumed coverage on shares of Citigroup in a research report on Monday, September 28th. They set a “buy” rating and a $164.00 price target on the stock. Truist Financial cut their price objective on shares of 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 reaffirmed an “outperform” rating on shares of Citigroup in a research note on Wednesday, October 14th. JPMorgan Chase & Co. decreased their target price on shares of Citigroup from $149.00 to $147.00 and set an “overweight” rating on the stock in a report on Friday, October 2nd. Finally, Royal Bank Of Canada dropped their price target on shares of Citigroup from $150.00 to $135.00 and set an “outperform” 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.79.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Higher profitability target: Citigroup raised its 2026 return on tangible common equity (RoTCE) outlook to above 11%, citing strong revenue growth, improving efficiency and progress in its multiyear transformation. The upgrade reinforces the case that management’s restructuring efforts are translating into better returns. Citigroup Lifts 2026 RoTCE Outlook: What’s Fueling the Optimism?
• Positive Sentiment: China expansion approved: Chinese regulators cleared Citi to establish a wholly owned securities company that can provide equities brokerage, underwriting, research and principal-trading services. The approval expands Citi’s onshore capital-markets footprint and creates a potential long-term revenue opportunity in China. Citi cleared to set up securities company in China
• Positive Sentiment: More competitive retail offering: Citi launched Premium Boost, which offers higher savings rates to customers who deepen their relationships through additional banking or investment products. The program could improve customer retention, deposits and cross-selling, although higher deposit costs may limit the earnings benefit. Citi Raises Savings Rates for Relationship Banking Clients
• Positive Sentiment: Analyst support and valuation: A market commentary highlighted Citi’s solid third-quarter earnings, attractive valuation and potential upside, helping reinforce investor confidence following the bank’s earnings beat and improved revenue performance. Buy GS and C on Solid Q3 Earnings, Attractive Valuation and Upside
• Neutral Sentiment: Citi also structured a $72 million carbon-removal bond tied to verified credits and Microsoft purchase agreements. The transaction enhances Citi’s sustainable-finance credentials but is unlikely to materially affect near-term earnings. Citigroup Structured a $72 Million Carbon Removal Bond
• Neutral Sentiment: Broader U.S. stablecoin rules could eventually create opportunities for banks, including Citi, in payments and digital assets. However, the current announcements focus on community banks and do not identify a direct Citi initiative. US OCC calls on community banks to become payment stablecoin issuers

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.