Citigroup Inc. $C Shares Sold by Allen Wealth Management LLC

Allen Wealth Management LLC lessened its position in shares of Citigroup Inc. (NYSE:C) by 16.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,707 shares of the company’s stock after selling 5,111 shares during the period. Citigroup comprises 1.8% of Allen Wealth Management LLC’s holdings, making the stock its 10th largest position. Allen Wealth Management LLC’s holdings in Citigroup were worth $2,609,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Citigroup by 0.7% during the second quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock worth $14,117,313,000 after buying an additional 1,148,451 shares in the last quarter. Geode Capital Management LLC boosted its position in Citigroup by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock worth $3,645,084,000 after acquiring an additional 411,894 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Citigroup by 2.2% during the 2nd quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock worth $2,748,571,000 after acquiring an additional 679,967 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Citigroup by 3.2% in the second quarter. Fisher Asset Management LLC now owns 32,161,457 shares of the company’s stock valued at $2,737,583,000 after purchasing an additional 988,152 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Citigroup in the second quarter valued at approximately $2,455,929,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on C. Truist Financial increased their target price on shares of Citigroup from $112.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Piper Sandler increased their price objective on shares of Citigroup from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 30th. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Wolfe Research reiterated an “outperform” rating and set a $121.00 target price on shares of Citigroup in a report on Wednesday, December 17th. Finally, Morgan Stanley increased their price target on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.25.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analyst bullishness — Piper Sandler projects upside for Citigroup shares, citing the bank’s positioning and outlook; analyst commentary is supporting buyer interest. Article Title
• Positive Sentiment: Fundamentals: Citigroup’s latest reported quarter beat consensus (EPS $2.24 vs $1.89 estimate and revenue $22.09B vs $20.92B), which underpins stronger earnings visibility and likely helps lift the stock.
• Positive Sentiment: Underwriting upside — markets are actively pricing the probability that Citigroup could be a lead underwriter for a major potential IPO (SpaceX), which would be a high-fee corporate win if it happens and supports speculative buying. Article Title
• Positive Sentiment: Management tone: Citi strategist Scott Chronert publicly framing current markets as a “boom” (not a bubble) may boost investor risk appetite toward banks and trading-related revenue. Article Title
• Neutral Sentiment: Sector backdrop: Market commentary suggests financials would benefit if rates ease (sector rotation into value/financial stocks). This macro theme helps bank multiples but depends on Fed moves. Article Title
• Neutral Sentiment: Trade policy noise eased marginally after the U.S. delayed some tariff increases (furniture/cabinets), reducing another source of macro uncertainty — limited direct impact on Citi but supportive for risk assets. Article Title
• Negative Sentiment: Russia exit cost — Citigroup finalized the sale of its remaining Russian unit at a loss. the exit reduces long‑term geopolitical exposure but produced a near-term charge that could weigh on short-term earnings. Article Title

Citigroup Stock Up 1.6%

Shares of C stock opened at $118.61 on Monday. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $122.84. The stock has a market cap of $212.22 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 0.47 and a beta of 1.18. The firm’s 50-day moving average is $107.04 and its 200-day moving average is $98.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. The firm had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 earnings per share. Sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. Citigroup’s payout ratio is presently 33.71%.

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.