Cerity Partners LLC Acquires 34,184 Shares of Citigroup Inc. $C

Cerity Partners LLC grew its stake in Citigroup Inc. (NYSE:C) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,029,530 shares of the company’s stock after purchasing an additional 34,184 shares during the period. Cerity Partners LLC owned about 0.06% of Citigroup worth $104,496,000 as of its most recent SEC filing.

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

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi won a major underwriting mandate — India’s top asset manager tapped Citi (and HSBC) to lead a US$1.4B IPO, a meaningful fee win that supports revenue from investment banking and strengthens Citi’s franchise in fast‑growing EM capital markets. Read More.
• Positive Sentiment: Momentum: Citi recently hit a 52‑week high, reflecting positive investor sentiment from strategic exits, easing regulation and a softer short‑rate outlook that should help the bank’s funding and credit outlook. This technical strength can attract momentum and institutional flows. Read More.
• Positive Sentiment: Fundamentals: Citi’s recent quarterly results showed an earnings beat and revenue growth year‑over‑year, supporting the bullish case for durable profitability improvements if rates and fee businesses stabilize. Read More.
• Neutral Sentiment: Small/technical moves: Citi entities exited substantial‑holder status in an Australian stock (Vulcan Energy), a bookkeeping/positioning update that is unlikely to move Citi’s core fundamentals but may affect perceived trading flows in niche listings. Read More.
• Negative Sentiment: Client/team loss: Wells Fargo Advisors has recruited an ultra‑high‑net‑worth advisory team managing roughly $1.2B from Citi — a direct hit to Citi’s wealth management AUM and recurring fees and a visible sign of advisor attrition risk in private banking/advisory. This kind of client migration can pressure fee revenue and investor sentiment. Read More.
• Negative Sentiment: Valuation/expectations risk: Commentary from independent analysts and blogs warns Citi may be “priced for perfection” after the rally — consensus earnings appear ambitious and any slip vs. forecasts or signs that NIM/loan growth normalizes slower than expected could prompt a pullback. That critique increases sensitivity to execution misses. Read More.

Citigroup Stock Performance

Shares of NYSE:C opened at $122.52 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $124.17. The stock has a market capitalization of $219.22 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 0.48 and a beta of 1.18. The company’s 50 day simple moving average is $107.90 and its 200 day simple moving average is $99.34.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating the consensus estimate of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. During the same quarter in the prior year, the firm earned $1.51 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. As a group, research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have commented on C shares. Piper Sandler upped their target price on shares of Citigroup from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, December 30th. Bank of America lifted their price target on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. raised Citigroup from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $107.00 to $124.00 in a research report on Friday, December 12th. Oppenheimer decreased their target price on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Finally, Morgan Stanley boosted their price target on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $119.69.

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.