10,733 Shares in Citigroup Inc. $C Acquired by Fluent Financial LLC

Fluent Financial LLC acquired a new position in Citigroup Inc. (NYSE:C) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,733 shares of the company’s stock, valued at approximately $1,390,000.

Several other institutional investors and hedge funds have also bought and sold shares of C. State Street Corp increased its stake in shares of Citigroup by 3.7% during the second quarter. State Street Corp now owns 80,956,349 shares of the company’s stock valued at $11,199,986,000 after buying an additional 2,913,701 shares during the period. Bank of America Corp DE raised its holdings in shares of Citigroup by 2.8% during the first quarter. Bank of America Corp DE now owns 26,869,012 shares of the company’s stock valued at $3,047,215,000 after acquiring an additional 728,043 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Citigroup in the second quarter worth $3,244,602,000. Invesco Ltd. lifted its stake in Citigroup by 6.2% in the fourth quarter. Invesco Ltd. now owns 15,139,403 shares of the company’s stock worth $1,766,617,000 after acquiring an additional 887,430 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Citigroup by 10.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,467,857 shares of the company’s stock valued at $1,745,001,000 after acquiring an additional 1,210,006 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 5.6%

C traded down $7.36 during trading on Tuesday, reaching $124.56. The stock had a trading volume of 20,387,441 shares, compared to its average volume of 12,467,814. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $212.45 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 0.57 and a beta of 1.13. The stock’s 50 day moving average is $133.71 and its two-hundred day moving average is $131.57. Citigroup Inc. has a one year low of $95.00 and a one year high of $147.96.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.20. The firm had revenue of $23.84 billion for the quarter, compared to analysts’ expectations of $23.72 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.86 EPS. As a group, analysts expect that Citigroup Inc. will post 11.19 earnings per share for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s dividend payout ratio (DPR) is 28.94%.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup reported third-quarter adjusted earnings of $2.85 per share, above the roughly $2.65–$2.66 analyst consensus, while revenue of $23.85 billion also exceeded expectations. Net income rose 40% year over year to $5.2 billion. Citigroup Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Growth was broad-based: Services and Wealth revenue each increased 15%, Markets revenue rose 6%, and credit-card spending and borrowings increased. Citi also returned approximately $4.1 billion to shareholders through buybacks and dividends. Citigroup Third-Quarter Revenue Reaches $23.8 Billion
• Neutral Sentiment: Management is continuing efforts to resolve long-standing regulatory requirements, which could eventually remove constraints on growth but may require additional execution and investment. Citi’s CFO also said Wall Street deal activity is cooling after a strong first half, creating uncertainty for investment-banking revenue. Citigroup Races to Resolve Lingering Regulatory Issues
• Negative Sentiment: Higher credit-loss provisions—up 6% to about $2.6 billion—and weaker capital ratios overshadowed the earnings beat. Citi’s preliminary common equity Tier 1 ratio was 12.8%, while investors remain concerned that a flattening yield curve could increase future credit risk, particularly in consumer lending. Citigroup Q3 Earnings Beat, Shares Down

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial reduced their price objective on shares of Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. HSBC began coverage on shares of Citigroup in a report on Monday, September 28th. They issued a “buy” rating and a $164.00 price objective for the company. TD Cowen initiated coverage on shares of Citigroup in a research report on Thursday, October 8th. They issued a “buy” rating and a $150.00 target price for the company. Evercore set a $140.00 target price on shares of Citigroup in a research note on Thursday, October 1st. Finally, Wells Fargo & Company boosted their price target on shares of Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average target price of $151.28.

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City and listed on the New York Stock Exchange under the symbol C. Through its subsidiaries and businesses, Citi provides banking, lending, investment, payments, wealth management and other financial services to consumers, businesses, governments and institutional clients.

Citi’s principal businesses include Services, which supports institutional clients with treasury, trade, securities services and related solutions; Markets, which provides sales, trading, research and financing services; Banking, which offers investment banking and corporate banking; and Wealth, which provides private banking and wealth management.