Citigroup Inc. $C Shares Bought by New England Research & Management Inc.

New England Research & Management Inc. raised its stake in shares of Citigroup Inc. (NYSE:C) by 55.7% in the third quarter, Holdings Channel reports. The institutional investor owned 20,950 shares of the company’s stock after buying an additional 7,498 shares during the quarter. Citigroup accounts for about 1.0% of New England Research & Management Inc.’s holdings, making the stock its 28th biggest position. New England Research & Management Inc.’s holdings in Citigroup were worth $2,713,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Paladin Partners LLC bought a new position in shares of Citigroup during the second quarter valued at $27,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Citigroup in the 2nd quarter worth about $29,000. Whipplewood Advisors LLC purchased a new position in shares of Citigroup in the 1st quarter worth about $25,000. TD Capital Management LLC bought a new position in Citigroup in the 4th quarter worth about $28,000. Finally, IMG Wealth Management Inc. boosted its stake in Citigroup by 197.6% in the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after purchasing an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: U.S. officials raised Citigroup’s market-access issues in China during bilateral talks in Bangkok. The discussions followed an agreement tied to regulatory approval, potentially improving Citi’s growth prospects in the Chinese market. U.S. raises Mastercard, Citigroup China market access in bilateral Bangkok talks
• Positive Sentiment: Recent third-quarter results continued to support Citi’s turnaround narrative. The bank reported earnings of $2.85 per share, above the $2.66 consensus estimate, while revenue rose 7.9% year over year to $23.85 billion. Net income reportedly increased 17%, and quarterly revenue reached its highest level in a decade. Citigroup CEO Jane Fraser Says the Bank Is on Front Foot
• Positive Sentiment: Citigroup is reportedly preparing an initial public offering for Banamex, its former Mexican consumer-banking business. A successful separation and IPO could simplify Citi’s operations, unlock value, and allow management to focus on its core businesses. Banamex leadership pitches turnaround ahead of targeted Citi IPO
• Neutral Sentiment: Citi expects the Federal Reserve to raise interest rates by 25 basis points in December after hotter-than-expected inflation. Higher rates may support lending margins, but they could also pressure economic activity, credit quality, and dealmaking. Citi expects Fed to raise rates by 25 basis points
• Negative Sentiment: Royal Bank of Canada cut its price target for Citigroup, adding pressure after the stock’s post-earnings performance. Broader bank shares have also struggled despite earnings beats because investors remain concerned about interest-rate volatility and potentially slowing trading and investment-banking revenue. Citigroup Stock Price Target Cut by Royal Bank of Canada
• Negative Sentiment: Citi allowed employees in Saudi Arabia to work remotely as regional conflict intensified. The move demonstrates business-continuity planning but highlights geopolitical risks that could disrupt local operations and client activity. Why Is Citigroup Letting Saudi Staff Work Remotely?

Citigroup Stock Up 0.9%

Shares of C stock traded up $1.15 during mid-day trading on Friday, hitting $124.36. The company’s stock had a trading volume of 10,382,170 shares, compared to its average volume of 10,436,417. The stock has a market cap of $212.11 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 0.54 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. The business has a 50-day moving average price of $132.74 and a 200 day moving average price of $131.77.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.66 by $0.19. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The company had revenue of $23.84 billion for the quarter, compared to analysts’ expectations of $23.74 billion. During the same period last year, the firm posted $1.86 earnings per share. Citigroup’s revenue was up 7.9% compared to the same quarter last year. Research analysts predict that Citigroup Inc. will post 11.34 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were given a $0.67 dividend. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 2.2%. Citigroup’s payout ratio is presently 26.15%.

Analysts Set New Price Targets

C has been the topic of several recent analyst reports. Bank of America increased their price objective on shares of Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Oppenheimer cut shares of Citigroup from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Wall Street Zen cut shares of Citigroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Evercore set a $135.00 target price on shares of Citigroup in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Citigroup from $149.00 to $147.00 and set an “overweight” rating on the stock in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $150.79.

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.