Citigroup Inc. $C Position Boosted by Western Financial Corp CA

Western Financial Corp CA grew its holdings in Citigroup Inc. (NYSE:C) by 87.5% during the 3rd quarter, Holdings Channel reports. The firm owned 11,660 shares of the company’s stock after buying an additional 5,442 shares during the period. Western Financial Corp CA’s holdings in Citigroup were worth $1,510,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Essex LLC grew its holdings in Citigroup by 5.7% during the 3rd quarter. Essex LLC now owns 1,850 shares of the company’s stock valued at $240,000 after buying an additional 100 shares during the last quarter. Consilium Wealth Advisory LLC increased its position in Citigroup by 2.9% during the third quarter. Consilium Wealth Advisory LLC now owns 17,887 shares of the company’s stock worth $2,316,000 after buying an additional 497 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of Citigroup by 112.8% in the third quarter. First Citizens Bank & Trust Co. now owns 31,096 shares of the company’s stock worth $4,026,000 after acquiring an additional 16,484 shares during the last quarter. Focus Financial Network Inc. raised its holdings in shares of Citigroup by 12.9% in the third quarter. Focus Financial Network Inc. now owns 5,081 shares of the company’s stock worth $658,000 after acquiring an additional 579 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. raised its holdings in shares of Citigroup by 0.4% in the third quarter. Wetzel Investment Advisors Inc. now owns 27,741 shares of the company’s stock worth $3,592,000 after acquiring an additional 100 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup reported third-quarter earnings of $2.85 per share on $23.85 billion of revenue, exceeding estimates of approximately $2.65 per share and $23.72 billion. Net income rose 40% year over year to $5.2 billion, while revenue increased 7.9% to its highest third-quarter level in a decade. Reuters Citigroup earnings report
• Positive Sentiment: Services and Wealth revenue each grew 15%, Markets revenue increased 6%, and management raised its 2026 profitability outlook. Citi also returned $4.1 billion to shareholders through dividends and buybacks, supporting the turnaround narrative. Citigroup Q3 earnings call highlights
• Neutral Sentiment: Royal Bank of Canada maintained an “outperform” rating but lowered its Citigroup price target from $150 to $135, reflecting more cautious valuation expectations despite projected upside. RBC Citigroup price target update
• Negative Sentiment: Investors questioned the sustainability of the beat because trading and investment-banking gains helped results but weakened sequentially. Management also indicated fourth-quarter trading could decline sharply, while higher credit-loss provisions, a flat U.S. card business and pulled-forward restructuring costs clouded the outlook. MarketBeat Citi stock analysis
• Negative Sentiment: Analysts have cut forecasts or price targets following the results, citing macroeconomic pressure, rising borrowing costs, net-interest-income compression and weaker capital metrics. Unusually heavy put-option activity also indicates increased short-term hedging or bearish sentiment. Citigroup analyst forecast revisions

Analysts Set New Price Targets

C has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price objective on Citigroup from $149.00 to $147.00 and set an “overweight” rating on the stock in a research report on Friday, October 2nd. Truist Financial dropped their price objective on Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Wall Street Zen downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Loop Capital set a $155.00 target price on shares of Citigroup in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.79.

Citigroup Trading Down 1.6%

Shares of C stock traded down $2.00 during mid-day trading on Wednesday, hitting $122.53. 13,662,142 shares of the company’s stock were exchanged, compared to its average volume of 12,474,144. The stock has a market cap of $208.99 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 0.58 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. Citigroup Inc. has a fifty-two week low of $95.00 and a fifty-two week high of $147.96. The stock has a 50-day simple moving average of $133.46 and a two-hundred day simple moving average of $131.64.

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

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s dividend payout ratio is currently 28.94%.

Citigroup Company Profile

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.