Rhumbline Advisers Lowers Holdings in Citigroup Inc. $C

Rhumbline Advisers decreased its position in Citigroup Inc. (NYSE:C) by 1.2% during the third quarter, HoldingsChannel.com reports. The firm owned 3,251,253 shares of the company’s stock after selling 40,250 shares during the quarter. Rhumbline Advisers’ holdings in Citigroup were worth $330,002,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC grew its holdings in shares of Citigroup by 87.6% during the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after buying an additional 120 shares during the last quarter. Guerra Advisors Inc purchased a new position in Citigroup in the 3rd quarter worth approximately $33,000. Howard Hughes Medical Institute bought a new position in Citigroup in the 2nd quarter valued at approximately $34,000. Legacy Investment Solutions LLC purchased a new stake in Citigroup during the 2nd quarter valued at $38,000. Finally, Capital A Wealth Management LLC purchased a new stake in Citigroup during the 2nd quarter valued at $38,000. 71.72% of the stock is currently owned by institutional investors.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: JPMorgan raised its price target and keeps an overweight stance, backing further upside and helping lift sentiment toward Citigroup. JPMorgan price-target raise
• Positive Sentiment: Analyst upgrades have pushed the stock to a new one‑year high recently, signaling renewed buy-side interest and momentum flows into C. Analyst upgrade / 1-year high
• Neutral Sentiment: Management presented at the UBS Financial Services conference — the transcript provides incremental detail on strategy and capital allocation but didn’t deliver headline surprises. Investors can review for any subtle guidance cues. UBS conference transcript
• Neutral Sentiment: Citigroup analysts continue active coverage across names (example: a recent downgrade of Under Armour), a reminder that Citi’s research/trading flow business remains engaged but not directly tied to Citigroup’s share moves. Citi downgrades Under Armour
• Neutral Sentiment: Citi entities reported ceasing to be a substantial holder in IDP Education — a routine portfolio/filing update with limited impact on Citi’s fundamentals. Substantial-holder filing
• Negative Sentiment: Citigroup issued a new 6.25% preferred share — while this strengthens capital, preferred issuance can be viewed as a modest overhang for common shareholders (cost of capital and potential yield competition). That may weigh on near-term sentiment. New 6.25% preferred issue
• Negative Sentiment: After hitting a 52-week high, the stock has seen short-term profit-taking and rotation; that technical unwind is a likely driver of today’s pullback. 52-week high / technical context

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on C shares. Truist Financial boosted their price target on Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Wells Fargo & Company set a $150.00 target price on shares of Citigroup in a research note on Monday, January 5th. The Goldman Sachs Group lifted their price target on shares of Citigroup from $113.00 to $127.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. UBS Group reissued a “neutral” rating and set a $132.00 price objective on shares of Citigroup in a report on Thursday, January 15th. Finally, Barclays raised their target price on shares of Citigroup from $115.00 to $146.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.19.

Citigroup Stock Performance

Shares of NYSE C opened at $122.09 on Wednesday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $125.16. The firm has a market capitalization of $218.45 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.63. The firm has a 50 day moving average of $116.07 and a 200 day moving average of $104.41.

Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The business had revenue of $19.87 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period last year, the firm earned $1.34 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

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 issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, February 2nd. Citigroup’s payout ratio is currently 34.43%.

Citigroup 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.