Cullen Frost Bankers Inc. Has $20.93 Million Holdings in Citigroup Inc. $C

Cullen Frost Bankers Inc. lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 7.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 206,168 shares of the company’s stock after purchasing an additional 14,008 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Citigroup were worth $20,926,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in C. Brighton Jones LLC increased its position in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after purchasing an additional 12,499 shares during the period. Sivia Capital Partners LLC increased its holdings in Citigroup by 20.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock valued at $835,000 after buying an additional 1,669 shares during the period. Register Financial Advisors LLC raised its position in shares of Citigroup by 43.5% in the 2nd quarter. Register Financial Advisors LLC now owns 1,650 shares of the company’s stock valued at $140,000 after buying an additional 500 shares in the last quarter. Novem Group acquired a new position in shares of Citigroup in the 2nd quarter valued at approximately $291,000. Finally, Kathmere Capital Management LLC lifted its holdings in shares of Citigroup by 68.7% during the 2nd quarter. Kathmere Capital Management LLC now owns 20,246 shares of the company’s stock worth $1,723,000 after acquiring an additional 8,248 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analysts and screens are bullish: Citigroup was added to Zacks’ list of top income/strong-buy stocks, which can attract yield-seeking flows and bolster sentiment. Best Income Stocks to Buy for January 23rd
• Positive Sentiment: Underlying results remain supportive — Citi’s recent quarterly update showed an EPS beat and analysts have largely dismissed fears of an earnings re‑rating after the company’s Q4 performance, which helps justify current valuations. Analysts Dismiss Re-Rating Fears After Bright Citigroup (C) Earnings Update
• Neutral Sentiment: Citi research notes that a Washington affordability agenda could boost fintechs and related exposures — this is sector-positive for fintech names but is a mixed read for Citi (opportunity for fee revenue vs. policy uncertainty). US fintech stocks could gain as Trump pushes affordability agenda, Citi says
• Negative Sentiment: Layoff plans: Reuters reports Citi will cut more staff in March (after ~1,000 jobs cut this month), likely affecting managing directors and senior employees — raises near‑term execution and morale concerns even as costs fall; investors often react negatively to fresh rounds of cuts that signal tougher revenue outlooks. Exclusive: Citigroup to lay off more employees in March, sources say
• Negative Sentiment: Card pricing pressure/political optics: Reports that Citi is exploring a 10% capped-rate card to respond to political pressure (and CEO comments warning caps would hurt credit access) create uncertainty around future card yields and policy risk — potential margin compression if price caps or similar measures are implemented. Bank of America, Citigroup consider new credit cards with 10% rate, Bloomberg News reports

Citigroup Stock Down 1.7%

NYSE:C opened at $113.71 on Friday. The firm’s 50 day simple moving average is $112.04 and its 200 day simple moving average is $102.13. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 0.99. Citigroup Inc. has a one year low of $55.51 and a one year high of $124.17. The company has a market cap of $203.46 billion, a PE ratio of 16.31, a P/E/G ratio of 0.72 and a beta of 1.18.

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

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 annualized dividend and a yield of 2.1%. Citigroup’s payout ratio is presently 34.43%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays boosted their price objective on shares of Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. JPMorgan Chase & Co. upgraded 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. HSBC reiterated a “buy” rating and issued a $87.00 target price on shares of Citigroup in a research report on Wednesday, January 7th. Morgan Stanley boosted their target price on Citigroup from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, UBS Group restated a “neutral” rating and issued a $132.00 price target on shares of Citigroup in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average price target of $125.56.

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.