Wedge Capital Management L L P NC Sells 90,619 Shares of Citigroup Inc. $C

Wedge Capital Management L L P NC decreased its stake in shares of Citigroup Inc. (NYSE:C) by 19.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 368,798 shares of the company’s stock after selling 90,619 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Citigroup were worth $37,433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of C. Truvestments Capital LLC raised its holdings in shares of Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares during the period. Howard Hughes Medical Institute acquired a new position in shares of Citigroup during the second quarter valued at about $34,000. DHJJ Financial Advisors Ltd. increased its position in shares of Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after acquiring an additional 253 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of Citigroup during the first quarter worth about $38,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Citigroup in the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Up 1.7%

Shares of NYSE:C opened at $114.79 on Friday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $115.61. The company has a market capitalization of $205.39 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 0.57 and a beta of 1.21. The business has a fifty day moving average price of $102.83 and a two-hundred day moving average price of $95.68. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. The company had revenue of $22.09 billion for 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 business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.51 EPS. Analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s dividend payout ratio is currently 33.71%.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: U.S. Federal Reserve has terminated formal supervisory notices that had required Citi to fix longstanding trading risk and control weaknesses — a meaningful removal of regulatory constraints that lowers compliance costs and recapitalization uncertainty. Read More.
• Positive Sentiment: The OCC has reduced a regulatory mandate tied to Citi’s risk-management systems, further easing the bank’s supervisory burden and signaling improved regulator confidence in Citi’s remediation progress. Read More.
• Positive Sentiment: Bloomberg Law reports Citi has shed a penalty related to risk and compliance — another headline that removes a prior overhang on capital and reputation. Read More.
• Positive Sentiment: Large, unusual call-option buying — about 117,314 calls traded (≈+47% vs. average) — suggests traders are positioning for further upside or a positive catalysts around earnings/regulatory momentum. (Market activity entry)
• Positive Sentiment: Truist raised its price target to $123 and left a Buy rating, providing fresh analyst support and incremental demand for the shares. Read More.
• Positive Sentiment: Analysts expect a strong quarter: previews flag an anticipated double-digit EPS rise next quarter, which creates an earnings catalyst if Citi delivers in-line or above. Read More.
• Neutral Sentiment: Citi’s research group set a 12‑month Bitcoin forecast of $143,000 — a bullish crypto view that could support fees and trading revenue if ETF adoption continues, but it’s indirect to Citi’s core bank earnings. Read More.
• Neutral Sentiment: Citi struck a multi‑year partnership with LSEG to standardize enterprise data and boost efficiency — operationally positive but a longer‑term productivity story rather than an immediate earnings driver. Read More.
• Negative Sentiment: Some commentary argues Citi is “no longer the value play it once was,” highlighting valuation re-rating risk and the need for continued execution to justify higher multiples — a cautionary view that could cap upside if growth disappoints. Read More.

Wall Street Analyst Weigh In

A number of analysts have commented on C shares. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Cowen reiterated a “hold” rating on shares of Citigroup in a report on Wednesday, December 10th. Morgan Stanley increased their price target on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Truist Financial lifted their price objective on shares of Citigroup from $112.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a report on Wednesday. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $114.50.

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.