Citigroup Inc. $C Stock: Mystic Asset Management Inc. Boosts Holdings

Mystic Asset Management Inc. increased its stake in shares of Citigroup Inc. (NYSE:C) by 43.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,248 shares of the company’s stock after purchasing an additional 12,841 shares during the quarter. Citigroup accounts for 1.2% of Mystic Asset Management Inc.’s holdings, making the stock its 17th largest holding. Mystic Asset Management Inc.’s holdings in Citigroup were worth $5,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC raised its position in shares of Citigroup by 15.6% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 19,451 shares of the company’s stock worth $2,518,000 after acquiring an additional 2,618 shares in the last quarter. WealthPlan Investment Management LLC grew its position in shares of Citigroup by 26.3% in the 3rd quarter. WealthPlan Investment Management LLC now owns 3,807 shares of the company’s stock valued at $493,000 after buying an additional 792 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in Citigroup by 66.6% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,529 shares of the company’s stock worth $327,000 after acquiring an additional 1,011 shares in the last quarter. Nvwm LLC raised its stake in Citigroup by 5.8% during the 3rd quarter. Nvwm LLC now owns 15,822 shares of the company’s stock worth $2,049,000 after acquiring an additional 873 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in Citigroup by 1.1% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 489,281 shares of the company’s stock valued at $63,352,000 after acquiring an additional 5,517 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Performance

NYSE:C traded up $0.50 during midday trading on Thursday, reaching $122.77. The stock had a trading volume of 5,585,577 shares, compared to its average volume of 12,438,260. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. The stock has a market cap of $209.40 billion, a P/E ratio of 11.98, a P/E/G ratio of 0.55 and a beta of 1.13. The firm has a fifty day simple moving average of $133.16 and a two-hundred day simple moving average of $131.71. Citigroup Inc. has a 12-month low of $95.00 and a 12-month high of $147.96.

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

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis 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 payout ratio is 26.15%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings cut Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Argus set a $150.00 price target on shares of Citigroup in a research report on Wednesday, July 15th. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Loop Capital set a $155.00 price objective on shares of Citigroup in a research report on Tuesday. Finally, Bank of America raised their price objective on shares of Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $150.79.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup reported third-quarter earnings of $2.85 per share, above the $2.66 consensus estimate, while revenue increased 7.9% year over year to approximately $23.85 billion. Net income rose 40% to $5.2 billion, supported by growth in Services, investment banking and wealth management. Citigroup CEO Jane Fraser Says the Bank Is on Front Foot With Cyber Defenses and AI
• Positive Sentiment: Management raised its 2026 profitability outlook, citing strong Services growth, AI-driven efficiency gains and disciplined capital deployment. CEO Jane Fraser also highlighted improved cybersecurity and AI capabilities, while Citi raised its dividend. Citigroup Q3 Earnings Call Highlights Higher Return Outlook and AI Gains
• Positive Sentiment: Citi’s preparations for a potential Banamex IPO could create value by completing the separation of its former Mexican consumer banking business and allowing investors to better assess the remaining company. The offering is targeted for early 2027. Banamex Leadership Pitches Turnaround Ahead of Targeted Citi IPO
• Neutral Sentiment: RBC lowered its price target from $150 to $135 but maintained an Outperform rating, implying analysts still see upside while becoming more cautious about near-term results. RBC Lowers Citigroup Price Target
• Negative Sentiment: The post-earnings selloff reflects weaker sequential performance: revenue and net income declined from the second quarter, while investors questioned the sustainability of trading gains and the softer year-end cost outlook. Higher credit-loss provisions and weaker capital ratios also weighed on sentiment. Citi Stock Falls Despite Earnings Beat
• Negative Sentiment: Citi expects the Federal Reserve to raise rates by 25 basis points in December after hotter inflation, with no cuts expected before June 2027. Higher-for-longer rates could pressure loan demand, funding costs and net interest income. Unusually heavy put-option activity further signals short-term investor caution.

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.