Citigroup Inc. $C Stock Sold by Net Worth Advisory Group

Net Worth Advisory Group lowered its stake in Citigroup Inc. (NYSE:C) by 72.2% during the third quarter, HoldingsChannel reports. The firm owned 2,290 shares of the company’s stock after selling 5,943 shares during the period. Net Worth Advisory Group’s holdings in Citigroup were worth $291,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

C has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Citigroup from $149.00 to $147.00 and set an “overweight” rating for the company in a research report on Friday, October 2nd. Wall Street Zen lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Loop Capital set a $155.00 price objective on shares of Citigroup in a research report on Tuesday, October 13th. Bank of America boosted their target price on shares of Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Oppenheimer downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $150.79.

Citigroup Trading Up 1.1%

NYSE:C opened at $123.85 on Thursday. Citigroup Inc. has a 12 month low of $95.00 and a 12 month high of $147.96. The firm has a market cap of $211.24 billion, a price-to-earnings ratio of 12.08, 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. The company’s 50 day moving average is $131.93 and its 200-day moving average is $132.11.

Citigroup (NYSE:C) last announced its quarterly earnings data 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 the consensus estimate of $23.74 billion. During the same quarter last year, the company posted $1.86 earnings per share. Citigroup’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts anticipate that Citigroup Inc. will post 11.42 EPS for the current year.

Citigroup Announces Dividend

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

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Morgan Stanley views the post-earnings selloff as excessive. The firm reportedly sees approximately 32% upside for Citigroup, arguing that the roughly 6% decline after earnings was not justified. The bullish view could help support a rebound in C shares. Morgan Stanley says Citigroup’s post-earnings drop is unjustified
• Positive Sentiment: Citigroup declared a quarterly dividend of $0.67 per share. The payment is scheduled for November 25 for shareholders of record on November 2, representing an annualized dividend of $2.68 and a yield of roughly 2.2%. The continued payout reinforces the bank’s shareholder-return appeal. Citigroup Declares Common Stock Dividend
• Positive Sentiment: Citi is expanding its commercial and advertising capabilities through Citi Commerce Media. The initiative uses transaction insights to help advertisers predict consumer purchases, potentially creating a new fee and data-related revenue opportunity, although the financial impact is not yet quantified. Advertisers Should Stop Chasing Customers, Start Predicting Purchases: Citi’s Mike Venable
• Neutral Sentiment: Citigroup remains involved in strategic discussions over access to China’s financial market and is reorganizing its artificial-intelligence leadership. Progress on market permissions or AI capabilities could improve long-term growth, but the reports provide no immediate earnings impact. What Is Citigroup Signaling With China Talks And Its AI Reset?
• Neutral Sentiment: Citigroup disclosed that its stake in Solvay crossed 3%. The investment is unlikely to materially affect Citigroup’s valuation or near-term operating results. Citigroup Lifts Stake Above 3% in Solvay

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.