CenterBook Partners LP Buys New Position in Citigroup Inc. $C

CenterBook Partners LP bought a new stake in Citigroup Inc. (NYSE:C) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,157 shares of the company’s stock, valued at approximately $2,869,000.

Several other hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in Citigroup in the first quarter worth $25,000. Bfsg LLC lifted its position in Citigroup by 130.7% during the third quarter. Bfsg LLC now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 115 shares during the period. Paladin Partners LLC purchased a new position in Citigroup during the second quarter valued at $27,000. Balance Wealth Partners LLC purchased a new position in Citigroup during the third quarter valued at $27,000. Finally, IMG Wealth Management Inc. boosted its holdings in shares of Citigroup by 197.6% during the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock valued at $28,000 after buying an additional 162 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

C has been the topic of a number of recent research reports. Argus set a $150.00 target price on shares of Citigroup in a research report on Wednesday, July 15th. UBS Group set a $148.00 price target on shares of Citigroup in a research note on Wednesday, October 14th. JPMorgan Chase & Co. lifted their price target on shares of Citigroup from $147.00 to $148.50 and gave the company an “overweight” rating in a research report on Friday, October 30th. TD Cowen dropped their price objective on shares of Citigroup from $150.00 to $148.00 and set a “buy” rating on the stock in a research note on Wednesday, October 14th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Citigroup in a report on Wednesday, October 14th. One 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $150.87.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup and DBS are competing to recruit talent for their India operations, including expansion tied to GIFT City. The hiring push points to investment in the region’s growth potential, though the articles do not quantify its expected financial impact. Citigroup, DBS vie for top talent to boost business in India hub
• Positive Sentiment: CEO Jane Fraser said she does not expect the market correction to become deeper or last longer, which may help reassure investors after the recent sell-off. This is a view on the broader market, not a change to Citi’s outlook. Citigroup CEO Jane Fraser on the market correction
• Neutral Sentiment: Citi named Circle its top pick in regulated stablecoins and digital payments. The call reflects Citi’s research activity, but Circle—not Citigroup—is the stock being recommended, so it is not a direct earnings catalyst for C. Citi Names Top Stock in Stablecoin and Digital Payments Space
• Negative Sentiment: Citigroup shares had a sharp decline in the prior session amid a volatile market. The broader backdrop remains uncertain, with post-election policy potentially slowing bank deregulation and increasing scrutiny of financial firms. Citigroup’s recent price decline Midterm election results and financial stocks
• Negative Sentiment: Citi’s strategists say the AI trade could remain under pressure and currently favor European equities over U.S. stocks. That cautious view may weigh on broader market sentiment, though it is not specific to Citi’s own fundamentals. Citi explains why the AI trade may remain under pressure

Citigroup Stock Up 0.6%

C stock opened at $119.16 on Friday. The business has a 50 day moving average of $128.92 and a 200 day moving average of $126.60. The firm has a market cap of $203.24 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. Citigroup Inc. has a twelve month low of $95.83 and a twelve month high of $147.96. 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 (NYSE:C) last released its earnings results on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, topping the consensus estimate 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 for 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 company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts forecast that Citigroup Inc. will post 11.44 EPS for the current fiscal year.

Citigroup Announces Dividend

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

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City. Founded in 1812 as the City Bank of New York, it has grown into an international banking organization serving individuals, businesses, governments and institutions.

The company provides consumer banking and wealth management services, including deposits, lending, credit cards and investment services. For corporate and institutional clients, Citi offers transaction banking, treasury and trade solutions, securities services, investment banking, and markets and financing services.

Citi serves clients across the United States and a broad range of international markets, drawing on its global network to support cross-border business and financial activity.