New Century Financial Group LLC Sells 21,986 Shares of Citigroup Inc. $C

New Century Financial Group LLC trimmed its position in Citigroup Inc. (NYSE:C) by 89.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,692 shares of the company’s stock after selling 21,986 shares during the period. New Century Financial Group LLC’s holdings in Citigroup were worth $273,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Citigroup by 1.8% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 8,729 shares of the company’s stock valued at $886,000 after acquiring an additional 152 shares during the last quarter. Cerity Partners LLC lifted its position in Citigroup by 3.4% during the 3rd quarter. Cerity Partners LLC now owns 1,029,530 shares of the company’s stock valued at $104,496,000 after purchasing an additional 34,184 shares during the period. Grandview Asset Management LLC boosted its stake in shares of Citigroup by 4.1% in the 3rd quarter. Grandview Asset Management LLC now owns 10,218 shares of the company’s stock valued at $1,037,000 after purchasing an additional 398 shares during the last quarter. North Star Investment Management Corp. grew its position in shares of Citigroup by 4.7% during the 3rd quarter. North Star Investment Management Corp. now owns 7,482 shares of the company’s stock worth $759,000 after buying an additional 338 shares during the period. Finally, Spirepoint Private Client LLC bought a new stake in shares of Citigroup during the third quarter worth approximately $1,647,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

C has been the topic of a number of recent research reports. Truist Financial raised their price objective on shares of Citigroup from $123.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday. UBS Group restated a “neutral” rating and issued a $108.00 price target on shares of Citigroup in a research report on Monday, November 24th. TD Cowen upped their price objective on Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Piper Sandler increased their target price on Citigroup from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, December 30th. Finally, JPMorgan Chase & Co. raised Citigroup from a “neutral” rating to an “overweight” rating and upped their price target for the company from $107.00 to $124.00 in a research note on Friday, December 12th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $119.69.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Shares reached new 52‑week highs as market sentiment has turned favorable amid deregulation talk, rate dynamics and optimism on Citi’s strategy. Citigroup Stock Reaches New 52-Week High
• Neutral Sentiment: Upcoming quarterly earnings release is a near‑term catalyst — results and guidance will likely drive the next leg of the move (could amplify upside or trigger profit‑taking). Citigroup to Release Quarterly Earnings
• Neutral Sentiment: Citi’s research is active on major energy names (example: it recently trimmed a Chevron price target), underscoring Citi’s role as a large sell‑side franchise that can sway sectors but doesn’t directly change Citi’s near‑term earnings. Why Chevron’s Venezuela Exposure Puts CVX Stock in Play
• Negative Sentiment: Wells Fargo Advisors poached an ultra‑high‑net‑worth advisory team managing roughly $1.2B from Citi — a direct loss for Citi’s wealth management fees and AUM growth. Wells Fargo recruits $1.2B advisory team from Citigroup
• Negative Sentiment: Citi and JPMorgan reportedly opted out of a $1.4B SBI Funds IPO over low underwriting fees — a missed underwriting revenue opportunity in a large emerging‑market deal. Citi, JPMorgan opt out of $1.4 billion SBI Funds IPO
• Negative Sentiment: Some analysts warn Citi may be “priced for perfection” after the run; valuation and consensus earnings expectations look elevated, leaving limited margin for disappointment if earnings or guidance miss. Citigroup: Priced For Perfection

Citigroup Trading Down 0.6%

NYSE:C opened at $122.52 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The business’s 50-day simple moving average is $107.90 and its 200-day simple moving average is $99.34. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $124.17. The stock has a market capitalization of $219.22 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 0.48 and a beta of 1.18.

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

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s payout ratio is currently 33.71%.

Citigroup Company Profile

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.