Manning & Napier Advisors LLC Cuts Stock Holdings in Citigroup Inc. $C

Manning & Napier Advisors LLC cut its position in shares of Citigroup Inc. (NYSE:C) by 51.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 177,814 shares of the company’s stock after selling 188,960 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Citigroup were worth $18,343,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after purchasing an additional 12,499 shares during the period. Gradient Investments LLC raised its stake in shares of Citigroup by 512.2% during the 2nd quarter. Gradient Investments LLC now owns 28,194 shares of the company’s stock worth $2,400,000 after buying an additional 23,589 shares during the period. Boltwood Capital Management purchased a new position in shares of Citigroup during the 2nd quarter valued at approximately $293,000. Everpar Advisors LLC lifted its position in shares of Citigroup by 5.5% during the 2nd quarter. Everpar Advisors LLC now owns 5,449 shares of the company’s stock valued at $464,000 after buying an additional 285 shares in the last quarter. Finally, Czech National Bank grew its stake in Citigroup by 5.9% in the 2nd quarter. Czech National Bank now owns 456,540 shares of the company’s stock valued at $38,861,000 after acquiring an additional 25,399 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

NYSE:C opened at $116.01 on Wednesday. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $124.17. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $207.57 billion, a P/E ratio of 16.29, a P/E/G ratio of 0.45 and a beta of 1.18. The stock’s fifty day moving average is $109.78 and its two-hundred day moving average is $100.64.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. The business had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.51 EPS. Equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.60 per share. The ex-dividend date is Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.1%. Citigroup’s dividend payout ratio (DPR) is currently 33.71%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on C shares. TD Cowen increased their price objective on shares of Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. UBS Group restated a “neutral” rating and set a $108.00 price target on shares of Citigroup in a research report on Monday, November 24th. JPMorgan Chase & Co. upgraded Citigroup from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $107.00 to $124.00 in a report on Friday, December 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. Finally, HSBC restated a “buy” rating and issued a $87.00 target price on shares of Citigroup in a research report on Wednesday, January 7th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.94.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Board declared a $0.60 quarterly common dividend (record Feb. 2; payable Feb. 27), supporting income-oriented investors and signaling confidence in capital distribution. Article Title
• Positive Sentiment: Citi is set to cut roughly 1,000 jobs this week as part of its multi‑year restructuring to trim costs and improve efficiency — a near-term hit to headcount but a potential boost to margins and EPS over time. Article Title
• Neutral Sentiment: Q4 earnings and guidance are imminent; analyst previews expect revenue upside from net interest income and capital-markets activity but warn costs and asset-quality metrics could pressure results — this makes the print a key short-term catalyst. Article Title
• Negative Sentiment: The U.S. Supreme Court declined to hear Citi’s appeal in litigation tied to the Oceanografia fraud case, leaving in place allegations that could expose the bank to material damages or further legal costs — a clear legal overhang for investors. Article Title
• Negative Sentiment: Policy risk: market commentary and regulator reports around a proposed 10% cap on credit-card APRs are pressuring U.S. banks’ consumer‑lending economics; any durable cap would compress card yields and widen pressure on lending margins. (Sector story driving sentiment.)

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.