Brighton Jones LLC Buys 4,723 Shares of Citigroup Inc. $C

Brighton Jones LLC boosted its position in Citigroup Inc. (NYSE:C) by 10.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,457 shares of the company’s stock after acquiring an additional 4,723 shares during the quarter. Brighton Jones LLC’s holdings in Citigroup were worth $6,404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in C. State Street Corp lifted its stake in Citigroup by 3.7% during the second quarter. State Street Corp now owns 80,956,349 shares of the company’s stock worth $11,199,986,000 after purchasing an additional 2,913,701 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Citigroup by 2.8% in the 1st quarter. Bank of America Corp DE now owns 26,869,012 shares of the company’s stock worth $3,047,215,000 after purchasing an additional 728,043 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Citigroup in the 2nd quarter worth about $3,244,602,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Citigroup by 10.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,467,857 shares of the company’s stock valued at $1,745,001,000 after purchasing an additional 1,210,006 shares during the last quarter. Finally, Amundi increased its position in shares of Citigroup by 3.2% during the 1st quarter. Amundi now owns 12,126,823 shares of the company’s stock valued at $1,375,303,000 after purchasing an additional 374,840 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE C opened at $119.16 on Friday. The company has a 50-day simple moving average of $128.92 and a two-hundred day simple moving average of $126.60. 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 firm has a market cap of $203.24 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.52 and a beta of 1.18.

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, beating analysts’ consensus estimates of $2.66 by $0.19. The firm had revenue of $23.84 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $1.86 earnings per share. On average, equities analysts forecast that Citigroup Inc. will post 11.44 EPS for the current year.

Citigroup Dividend Announcement

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 issued a dividend of $0.67 per share. The ex-dividend date is Monday, November 2nd. This represents a $2.68 annualized dividend and a yield of 2.2%. Citigroup’s dividend payout ratio is currently 26.15%.

Citigroup News Summary

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on C. Evercore set a $135.00 price objective on Citigroup in a report on Wednesday, October 14th. Truist Financial cut their target price on Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Citigroup in a research report on Wednesday, October 14th. HSBC began coverage on shares of Citigroup in a research note on Monday, September 28th. They set a “buy” rating and a $164.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a report on Saturday. One equities 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. Based on data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus target price of $150.87.

Citigroup Company Profile

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.