Citigroup Inc. $C Shares Bought by Allstate Corp

Allstate Corp grew its holdings in shares of Citigroup Inc. (NYSE:C) by 1,784.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,838 shares of the company’s stock after buying an additional 63,292 shares during the period. Allstate Corp’s holdings in Citigroup were worth $6,784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wolff Wiese Magana LLC raised its stake in Citigroup by 87.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after acquiring an additional 120 shares in the last quarter. Howard Hughes Medical Institute bought a new position in shares of Citigroup in the second quarter worth $34,000. DHJJ Financial Advisors Ltd. increased its holdings in shares of Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after purchasing an additional 253 shares during the period. Legacy Investment Solutions LLC bought a new stake in shares of Citigroup during the second quarter valued at about $38,000. Finally, Capital A Wealth Management LLC acquired a new stake in Citigroup in the second quarter worth about $38,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on C. Wolfe Research reiterated an “outperform” rating and issued a $141.00 price objective on shares of Citigroup in a report on Wednesday, January 7th. UBS Group restated a “neutral” rating and issued a $132.00 target price on shares of Citigroup in a research report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Dbs Bank downgraded Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Wells Fargo & Company set a $150.00 price objective on Citigroup in a report on Monday, January 5th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and a consensus target price of $124.65.

Citigroup Stock Up 0.6%

Shares of Citigroup stock opened at $118.21 on Monday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $124.17. The company has a market cap of $211.51 billion, a P/E ratio of 16.96, a P/E/G ratio of 0.45 and a beta of 1.18. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.63. The stock has a 50-day moving average price of $110.67 and a 200 day moving average price of $101.27.

Citigroup (NYSE:C) last posted its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The business had revenue of $19.87 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period last year, the company posted $1.34 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 2nd will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, February 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. Citigroup’s dividend payout ratio is 34.43%.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q4 EPS beat and dealmaking strength — Citi reported $1.81 EPS vs. $1.65 expected and management highlighted a rebound in investment banking and corporate client fees, which supports earnings momentum and valuation re-ratings. Citigroup profit beats estimates as dealmaking rebounds
• Positive Sentiment: Analyst support and price-target lifts — Several firms refreshed views after the quarter (Wolfe Research cited constructive subsector outlook; RBC reaffirmed an outperform). That analyst activity can provide near-term buy-side support. Wolfe Research Raises Citigroup PT RBC Reaffirms Outperform (Benzinga)
• Neutral Sentiment: Unusual options activity — Large call buying was observed (≈108,979 calls, ~34% above average). That’s a bullish short-term signal but could reflect hedging or speculative flow rather than firm fundamental conviction.
• Negative Sentiment: Revenue miss and one‑time Russia loss — Revenue missed Street estimates and reported profit was pulled down by a Russia‑unit sale; the WSJ noted the profit drop tied to that divestiture, which tempers the headline EPS beat. Citigroup’s Fourth Quarter Profit Drops After Russia Sale (WSJ)
• Negative Sentiment: Cost cuts and restructuring risk — CEO Jane Fraser signaled more job cuts and the firm is executing layoffs (1,000 announced this week; a broader plan targets many more), which could weigh on near‑term morale, execution risk and transition costs. Citigroup CEO Signals More Job Cuts (TipRanks)
• Negative Sentiment: Credit-card exposure and regulatory/sector headwinds — Commentaries flagged Citi’s consumer/credit-card exposures as a vulnerability and the broader bank sector saw selling after earnings amid valuation scrutiny and political talk of credit-rate caps, creating an ongoing overhang. Record earnings overshadowed by credit-card exposure (TipRanks) Bank Stocks Get Punished After Earnings (MarketBeat)

Citigroup Company Profile

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.