Citigroup Inc. $C Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its position in Citigroup Inc. (NYSE:C) by 17.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 53,157 shares of the company’s stock after acquiring an additional 7,804 shares during the period. Concurrent Investment Advisors LLC’s holdings in Citigroup were worth $5,395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in C. TD Private Client Wealth LLC boosted its holdings in Citigroup by 3.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 43,692 shares of the company’s stock valued at $4,435,000 after purchasing an additional 1,379 shares in the last quarter. Lighthouse Financial LLC purchased a new stake in shares of Citigroup in the third quarter valued at approximately $222,000. GRIMES & Co WEALTH MANAGEMENT LLC grew its holdings in Citigroup by 118.8% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,582 shares of the company’s stock worth $770,000 after acquiring an additional 4,116 shares during the period. Quent Capital LLC raised its position in Citigroup by 2.7% in the third quarter. Quent Capital LLC now owns 5,914 shares of the company’s stock worth $600,000 after acquiring an additional 157 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in Citigroup by 3.1% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 62,568 shares of the company’s stock valued at $6,351,000 after acquiring an additional 1,855 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Board declared a $0.60 quarterly common dividend — a direct cash return to shareholders that can support investor confidence while earnings are awaited. Citigroup declares $0.60 dividend
• Neutral Sentiment: Q4 earnings are due this week; analysts expect stronger NII and revenues but warn that high costs and credit-quality trends could weigh on results and guidance — earnings will likely be the next major near‑term catalyst. Citigroup Q4 earnings on the deck
• Neutral Sentiment: Management is moving ahead with another round of reductions — ~1,000 job cuts this week as part of the multi‑year restructuring to reduce costs; that should help margins over time but signals continued execution risk and upfront charges. Citigroup is set to cut about 1,000 jobs
• Negative Sentiment: Legal risk: the U.S. Supreme Court declined to hear Citi’s appeal in the Oceanografia case, leaving in place exposure tied to a lawsuit alleging >$1B losses — a headline risk that can pressure the stock and create uncertainty around potential liabilities. US Supreme Court rebuffs Citigroup appeal
• Negative Sentiment: Regulatory/policy risk: markets reacted to a proposed 10% cap on credit‑card interest rates, which hit bank stocks broadly (including Citi) by increasing uncertainty around future card revenue and margins. That macro policy overhang likely contributed to the share weakness. Banks including Citi slide after Trump calls for credit card interest rate limit

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on C shares. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Wells Fargo & Company set a $150.00 price objective on shares of Citigroup in a report on Monday, January 5th. Oppenheimer dropped their target price on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, October 8th. Finally, HSBC restated a “buy” rating and issued a $87.00 price target on shares of Citigroup in a report on Wednesday, January 7th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.94.

Citigroup Stock Down 1.4%

C stock opened at $116.01 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. The company’s 50 day simple moving average is $109.78 and its 200-day simple moving average is $100.64. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $124.17. The firm has a market capitalization of $207.57 billion, a PE ratio of 16.29, a P/E/G ratio of 0.45 and a beta of 1.18.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. The firm had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.Citigroup’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.51 EPS. Equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, February 2nd. Citigroup’s dividend payout ratio is currently 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.