Citigroup Inc. $C Holdings Boosted by MBL Wealth LLC

MBL Wealth LLC raised its stake in Citigroup Inc. (NYSE:C) by 87.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,224 shares of the company’s stock after purchasing an additional 6,639 shares during the period. MBL Wealth LLC’s holdings in Citigroup were worth $1,842,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Royal Fund Management LLC raised its holdings in Citigroup by 18.1% in the 3rd quarter. Royal Fund Management LLC now owns 11,996 shares of the company’s stock valued at $1,553,000 after acquiring an additional 1,840 shares in the last quarter. NBT Bank N.A. bought a new stake in shares of Citigroup in the 3rd quarter worth approximately $611,000. Root Financial Partners LLC grew its holdings in shares of Citigroup by 37.7% during the 3rd quarter. Root Financial Partners LLC now owns 7,611 shares of the company’s stock worth $985,000 after purchasing an additional 2,083 shares in the last quarter. Carter Financial Group INC. grew its holdings in shares of Citigroup by 14.8% during the 3rd quarter. Carter Financial Group INC. now owns 3,966 shares of the company’s stock worth $513,000 after purchasing an additional 512 shares in the last quarter. Finally, Boothe Investment Group Inc. grew its holdings in shares of Citigroup by 5.9% during the 3rd quarter. Boothe Investment Group Inc. now owns 82,794 shares of the company’s stock worth $10,720,000 after purchasing an additional 4,629 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Morgan Stanley reportedly said Citi’s post-earnings decline was unjustified and sees substantial upside, reinforcing the view that the stock’s valuation does not fully reflect its earnings potential. Citi recently exceeded quarterly EPS and revenue expectations, with revenue rising 7.9% year over year. Morgan Stanley says Citigroup’s post-earnings drop is unjustified
• Positive Sentiment: Citi will provide Nebius Group with a $3.5 billion, 364-day senior secured bridge facility. The transaction should generate fee and lending income while strengthening Citi’s relationship with the rapidly growing AI-cloud sector; the secured structure helps limit credit risk. Nebius secures $3.5 billion financing facility with Citi
• Positive Sentiment: Citi’s board elected James Flanagan as an independent director on October 21. The appointment may support governance and board oversight, although its immediate financial impact is limited. Citigroup elects James Flanagan as independent director
• Neutral Sentiment: A Citi report found that wealthy Singapore clients increased their assets over the past year, indicating continued demand in the bank’s wealth-management business. The report is encouraging for growth but does not provide a material earnings forecast. Singapore’s wealthy clients see growing assets, Citi report says
• Negative Sentiment: The stock remains below its 50-day and 200-day moving averages after investors reduced exposure following earnings. Although Citi beat estimates, the reaction suggests lingering concerns about profitability, capital efficiency and the pace of its broader turnaround.

Citigroup Stock Down 1.1%

Shares of C opened at $122.43 on Friday. The stock has a market cap of $208.81 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 0.54 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. Citigroup Inc. has a 12 month low of $95.83 and a 12 month high of $147.96. The company has a 50-day moving average price of $131.60 and a two-hundred day moving average price of $132.16.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, beating 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 company had revenue of $23.84 billion for the quarter, compared to the consensus estimate of $23.74 billion. During the same period in the previous year, the business earned $1.86 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts predict that Citigroup Inc. will post 11.42 EPS for the current fiscal year.

Citigroup Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on C. HSBC assumed coverage on Citigroup in a research report on Monday, September 28th. They set a “buy” rating and a $164.00 price objective on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Citigroup in a research report on Wednesday, October 14th. Royal Bank Of Canada reduced their target price on Citigroup from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, October 14th. Wall Street Zen lowered shares of Citigroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Oppenheimer cut shares of Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. 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, Citigroup has an average 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 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.