B.A. Schrock Wealth Management Inc. Purchases 36,910 Shares of Citigroup Inc. $C

B.A. Schrock Wealth Management Inc. purchased a new position in shares of Citigroup Inc. (NYSE:C) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 36,910 shares of the company’s stock, valued at approximately $4,688,000. Citigroup makes up about 1.6% of B.A. Schrock Wealth Management Inc.’s holdings, making the stock its 20th biggest position.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in shares of Citigroup in the 2nd quarter valued at about $3,244,602,000. Nykredit A S bought a new stake in Citigroup during the second quarter worth about $458,275,000. State Street Corp raised its holdings in Citigroup by 3.7% during the second quarter. State Street Corp now owns 80,956,349 shares of the company’s stock worth $11,199,986,000 after acquiring an additional 2,913,701 shares in the last quarter. SEB Asset Management AB bought a new stake in Citigroup during the first quarter worth about $252,972,000. Finally, OMERS ADMINISTRATION Corp boosted its position in Citigroup by 1,137.1% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,840,374 shares of the company’s stock valued at $257,579,000 after purchasing an additional 1,691,611 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup reported third-quarter earnings of $2.85 per share, above the roughly $2.65 analyst consensus, while revenue rose 7.9% year over year to approximately $23.85 billion. Net income increased 40% to $5.2 billion, supported by growth in Services, Wealth and Markets. Citi profit jumps 40% with higher investment banking, services and wealth revenue
• Positive Sentiment: Management raised its 2026 profitability outlook, citing strong Services growth, AI-driven efficiency gains and disciplined capital deployment. Citi also increased shareholder returns through dividends and share repurchases, with approximately $4.1 billion returned during the quarter. Citigroup Q3 Earnings Call Highlights Higher Return Outlook and AI Gains
• Positive Sentiment: Loan growth and deposits remained healthy, while Citi’s fixed-income trading results were stronger than expected. These trends support the bank’s turnaround and restructuring efforts.
• Neutral Sentiment: Royal Bank of Canada lowered its price target from $150 to $135 but maintained an “Outperform” rating, implying potential upside from recent levels. RBC lowers Citigroup price target
• Negative Sentiment: Investors questioned how durable the beat was because trading and investment-banking gains may cool from unusually strong prior-quarter levels. Management also indicated that fourth-quarter trading revenue could decline sharply, while deal activity has moderated. Citi Stock Falls Despite Earnings Beat
• Negative Sentiment: Higher credit-loss provisions, rising reserves, a flat U.S. card business and concerns about capital ratios added to investor caution. Several analysts subsequently reduced their price targets or downgraded the stock to Hold.
• Negative Sentiment: Unusually heavy put-option activity and elevated Treasury yields are reinforcing a cautious view of bank stocks. Regulatory scrutiny of large banks’ “debanking” practices is an additional potential overhang for Citigroup.

Citigroup Trading Down 1.6%

Citigroup stock opened at $122.53 on Thursday. The stock has a 50-day simple moving average of $133.16 and a 200 day simple moving average of $131.71. The stock has a market capitalization of $208.99 billion, a P/E ratio of 11.95, a PEG ratio of 0.55 and a beta of 1.13. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.99 and a current ratio of 1.00. Citigroup Inc. has a 52 week low of $95.00 and a 52 week high of $147.96.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.19. The firm had revenue of $23.84 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.86 earnings per share. Analysts expect that Citigroup Inc. will post 11.19 earnings per share for the current year.

Citigroup Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wells Fargo & Company raised their price target on Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. Weiss Ratings lowered Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Evercore set a $135.00 price objective on Citigroup in a research note on Wednesday. Argus set a $150.00 price objective on Citigroup in a research note on Wednesday, July 15th. Finally, Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. One equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.79.

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.