Citigroup Inc. $C Stock: Howard Capital Management LLC Decreases Holdings

Howard Capital Management LLC reduced its stake in shares of Citigroup Inc. (NYSE:C) by 85.5% in the 3rd quarter, Holdings Channel reports. The firm owned 12,569 shares of the company’s stock after selling 73,829 shares during the quarter. Howard Capital Management LLC’s holdings in Citigroup were worth $1,627,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of C. Granite Islands Private Wealth LLC increased its stake in shares of Citigroup by 4.1% in the third quarter. Granite Islands Private Wealth LLC now owns 4,055 shares of the company’s stock valued at $524,000 after buying an additional 158 shares during the period. Riverbend Wealth Management LLC lifted its stake in shares of Citigroup by 0.8% in the third quarter. Riverbend Wealth Management LLC now owns 12,157 shares of the company’s stock worth $1,574,000 after acquiring an additional 100 shares during the period. Daytona Street Capital LLC boosted its holdings in Citigroup by 1.1% in the third quarter. Daytona Street Capital LLC now owns 15,288 shares of the company’s stock valued at $1,958,000 after acquiring an additional 170 shares during the last quarter. NFSG Corp boosted its holdings in Citigroup by 30.7% in the third quarter. NFSG Corp now owns 2,143 shares of the company’s stock valued at $277,000 after acquiring an additional 503 shares during the last quarter. Finally, Activest Wealth Management boosted its holdings in Citigroup by 13.9% in the third quarter. Activest Wealth Management now owns 1,377 shares of the company’s stock valued at $171,000 after acquiring an additional 168 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup News Summary

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 Trading Up 0.9%

NYSE:C opened at $124.36 on Friday. Citigroup Inc. has a 12 month low of $95.00 and a 12 month high of $147.96. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.78. The stock has a market capitalization 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 firm has a fifty day simple moving average of $132.74 and a two-hundred day simple moving average of $131.77.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.19. The firm had revenue of $23.84 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 earnings per share. Analysts expect that Citigroup Inc. will post 11.39 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were paid a $0.67 dividend. The ex-dividend date was Monday, August 3rd. This represents a $2.68 annualized dividend and a dividend yield of 2.2%. This is a boost from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s dividend payout ratio (DPR) is 26.15%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Loop Capital set a $155.00 target price on shares of Citigroup in a research report on Tuesday. Oppenheimer lowered shares of Citigroup from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Royal Bank Of Canada dropped their price target on shares of Citigroup from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday. Argus set a $150.00 price objective on shares of Citigroup in a research note on Wednesday, July 15th. Finally, Evercore set a $135.00 price objective on shares of Citigroup in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $150.79.

Citigroup 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.