Oppenheimer Asset Management Inc. Sells 335,550 Shares of Citigroup Inc. $C

Oppenheimer Asset Management Inc. reduced its stake in shares of Citigroup Inc. (NYSE:C) by 26.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 917,208 shares of the company’s stock after selling 335,550 shares during the period. Citigroup comprises 1.0% of Oppenheimer Asset Management Inc.’s investment portfolio, making the stock its 11th biggest position. Oppenheimer Asset Management Inc.’s holdings in Citigroup were worth $93,097,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of C. Brighton Jones LLC grew its stake in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares during the period. Sivia Capital Partners LLC lifted its holdings in Citigroup by 20.5% during the second quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock valued at $835,000 after purchasing an additional 1,669 shares during the last quarter. Callan Family Office LLC lifted its holdings in Citigroup by 162.8% during the second quarter. Callan Family Office LLC now owns 28,725 shares of the company’s stock valued at $2,445,000 after purchasing an additional 17,796 shares during the last quarter. Blue Trust Inc. boosted its position in Citigroup by 16.8% during the second quarter. Blue Trust Inc. now owns 5,070 shares of the company’s stock worth $432,000 after purchasing an additional 729 shares during the period. Finally, PDS Planning Inc increased its stake in shares of Citigroup by 3.3% in the second quarter. PDS Planning Inc now owns 7,066 shares of the company’s stock worth $601,000 after purchasing an additional 228 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

NYSE C opened at $122.72 on Monday. The business’s fifty day moving average is $115.27 and its 200 day moving average is $104.03. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.99 and a current ratio of 1.00. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $124.17. The company has a market capitalization of $219.58 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18.

Citigroup (NYSE:C) last announced its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.16. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The company had revenue of $19.87 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the company posted $1.34 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, February 2nd. Citigroup’s dividend payout ratio is presently 34.43%.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup named a joint global coordinator on the UI Boustead REIT Singapore IPO — potential near-term investment‑banking fees and a show of strength in Asia execution. UI Boustead REIT begins premarketing of Singapore IPO, term sheet shows
• Positive Sentiment: Reports say Citigroup aims to resolve consent orders this year — if completed, that reduces regulatory and capital uncertainty that has weighed on the stock. Citigroup seeks to resolve consent orders this year – report
• Neutral Sentiment: Analysis of Citi’s valuation notes recent preferred stock and bond issuances are reshaping its capital mix — could bolster buffers but may change EPS/capital metrics; impact depends on sizing and investor reception. A Look At Citigroup (C) Valuation As New Preferred Stock And Bond Issuances Reshape Its Capital Mix
• Neutral Sentiment: Citi research reduced its price target on Coinbase — a reminder that Citi’s analyst views influence market narratives, but this is not a direct driver of Citi’s fundamentals. Citi cuts Coinbase price target to $400 after stock’s 65% plunge from record high
• Negative Sentiment: Commercial real estate stress: U.S. office CMBS delinquency rate hit a record high (11.7%) — rising CRE defaults and refinancing strain are a potential credit risk for large banks with corporate CRE exposure, including Citi. Commercial Real Estate Shock as Office CMBS Defaults Hit 11.7%

Analyst Ratings Changes

A number of analysts recently commented on the stock. Truist Financial upped their price target on shares of Citigroup from $123.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Bank of America boosted their target price on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Wolfe Research restated an “outperform” rating and set a $141.00 target price on shares of Citigroup in a research report on Wednesday, January 7th. Piper Sandler set a $135.00 price target on Citigroup in a report on Thursday, January 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $125.56.

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.