Citigroup Inc. $C Position Decreased by Focused Alpha LLC

Focused Alpha LLC lowered its stake in Citigroup Inc. (NYSE:C) by 44.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,462 shares of the company’s stock after selling 5,859 shares during the quarter. Focused Alpha LLC’s holdings in Citigroup were worth $966,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Cora Capital Advisors LLC lifted its holdings in shares of Citigroup by 3.1% in the 1st quarter. Cora Capital Advisors LLC now owns 2,609 shares of the company’s stock worth $296,000 after acquiring an additional 78 shares during the last quarter. CFS Investment Advisory Services LLC increased its holdings in Citigroup by 0.4% in the 1st quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock valued at $2,336,000 after purchasing an additional 79 shares during the last quarter. Grove Bank & Trust raised its position in Citigroup by 1.8% in the third quarter. Grove Bank & Trust now owns 4,549 shares of the company’s stock valued at $589,000 after purchasing an additional 79 shares during the period. American Trust lifted its stake in Citigroup by 3.6% during the second quarter. American Trust now owns 2,331 shares of the company’s stock worth $326,000 after purchasing an additional 80 shares in the last quarter. Finally, Invst LLC lifted its stake in Citigroup by 0.8% during the second quarter. Invst LLC now owns 9,601 shares of the company’s stock worth $1,344,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

C stock opened at $121.68 on Tuesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a market capitalization of $207.53 billion, a P/E ratio of 11.87, a P/E/G ratio of 0.55 and a beta of 1.13. The business’s 50-day moving average is $132.47 and its two-hundred day moving average is $132.00. Citigroup Inc. has a 1 year low of $95.00 and a 1 year 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, topping analysts’ consensus estimates of $2.66 by $0.19. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The business had revenue of $23.84 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same period in the previous year, the company posted $1.86 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts anticipate that Citigroup Inc. will post 11.39 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, November 2nd. Citigroup’s payout ratio is 26.15%.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s board declared a quarterly common-stock dividend of $0.67 per share, payable November 25 to shareholders of record November 2. The annualized dividend is $2.68, representing an approximately 2.2% yield and reinforcing the bank’s shareholder-return profile. Citigroup Declares Common Stock Dividend
• Positive Sentiment: U.S. officials are pressing China to improve market access for Mastercard and Citigroup. Progress could support Citigroup’s cross-border payments, banking and institutional-business opportunities, although the report does not indicate that an agreement has been reached. U.S. Officials Press China On Market Access Issues For Mastercard And Citigroup
• Neutral Sentiment: Citigroup strategist Beata Manthey expects French equities to remain volatile because of political uncertainty and concerns about France’s debt-reduction plans. The commentary is more relevant to Citi’s research and client markets business than to near-term earnings, but persistent volatility could affect trading activity. Citi’s Manthey Sees French Equities Volatile Beyond April Vote
• Neutral Sentiment: A report says U.S. banks are limiting AI agents’ access to customer accounts because of concerns that automated systems could move deposits to higher-yielding alternatives. The issue highlights operational and deposit-retention risks for the banking industry, but no specific Citigroup incident was reported. US Banks Limit AI Agents’ Access to Customer Accounts

Analyst Ratings Changes

A number of brokerages have recently weighed in on C. TD Cowen dropped their price objective on Citigroup from $150.00 to $148.00 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Bank of America increased their target price on Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Wall Street Zen downgraded Citigroup from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Loop Capital set a $155.00 target price on Citigroup in a research report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average 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 operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi’s consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.