Citigroup Inc. $C Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its position in Citigroup Inc. (NYSE:C) by 4.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 113,860 shares of the company’s stock after purchasing an additional 4,773 shares during the period. Sterling Capital Management LLC’s holdings in Citigroup were worth $14,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. BIP Wealth LLC lifted its stake in shares of Citigroup by 13.8% during the 3rd quarter. BIP Wealth LLC now owns 5,207 shares of the company’s stock valued at $674,000 after buying an additional 630 shares in the last quarter. MBL Wealth LLC grew its stake in Citigroup by 87.5% in the 3rd quarter. MBL Wealth LLC now owns 14,224 shares of the company’s stock valued at $1,842,000 after buying an additional 6,639 shares in the last quarter. Royal Fund Management LLC grew its stake 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 buying an additional 1,840 shares in the last quarter. NBT Bank N.A. bought a new stake in Citigroup during the 3rd quarter valued at $611,000. Finally, Root Financial Partners LLC raised its holdings in Citigroup by 37.7% during the 3rd quarter. Root Financial Partners LLC now owns 7,611 shares of the company’s stock valued at $985,000 after acquiring an additional 2,083 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the subject of a number of analyst reports. Bank of America raised their price target on Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. TD Cowen reduced their price target on Citigroup from $150.00 to $148.00 and set a “buy” rating for the company in a research report on Wednesday, October 14th. Argus set a $150.00 price objective on Citigroup in a research note on Wednesday, July 15th. Truist Financial dropped their price objective on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Finally, HSBC started coverage on Citigroup in a research note on Monday, September 28th. They issued a “buy” rating and a $164.00 target price for the company. One equities 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $150.79.

Citigroup Price Performance

NYSE:C traded down $1.85 during mid-day trading on Friday, hitting $120.66. 7,045,623 shares of the stock traded hands, compared to its average volume of 9,437,295. The business’s 50-day moving average price is $131.23 and its 200 day moving average price is $132.08. 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 company has a market cap of $205.80 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13. Citigroup Inc. has a 12-month low of $95.83 and a 12-month high of $147.96.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.19. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The business had revenue of $23.84 billion for the quarter, compared to analysts’ expectations of $23.74 billion. During the same period in the prior year, the company posted $1.86 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts expect that Citigroup Inc. will post 11.44 EPS for the current fiscal year.

Citigroup Dividend Announcement

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

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: China’s securities regulator approved Citi’s plan to establish a wholly owned onshore securities business. The approval expands Citigroup’s ability to serve Chinese capital-markets clients and removes a nearly five-year regulatory hurdle. Citigroup Wins Approval for Wholly Owned China Brokerage
• Positive Sentiment: Erste Group Bank raised its Citigroup EPS forecasts to $11.35 for fiscal 2026 and $12.89 for fiscal 2027, signaling improved expectations for future profitability. Citigroup earnings estimate update
• Positive Sentiment: Citi arranged a $3.5 billion senior secured financing facility for AI-cloud company Nebius. The transaction should generate fees and highlights Citi’s role in funding the expansion of artificial-intelligence infrastructure. Nebius secures $3.5 billion financing facility with Citi
• Positive Sentiment: Citi completed a $72 million bond tied to carbon-removal credits for a Texas biochar project, supporting its sustainable-finance credentials and potential investment-banking revenue. Citi closes $72 million biochar bond
• Neutral Sentiment: Citigroup elected James Flanagan as an independent director. The appointment modestly strengthens board oversight but is unlikely to materially change near-term earnings expectations. Citigroup elects James Flanagan as independent director
• Negative Sentiment: September credit-card delinquencies and net losses increased sequentially while receivables declined. The deterioration raises concerns about asset quality, provisions and the sustainability of consumer-banking earnings growth. Citi’s September card delinquencies rise

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.