Cooke & Bieler LP Lowers Holdings in Citigroup Inc. $C

Cooke & Bieler LP lowered its holdings in Citigroup Inc. (NYSE:C) by 26.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 569,432 shares of the company’s stock after selling 204,679 shares during the period. Cooke & Bieler LP’s holdings in Citigroup were worth $57,797,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in C. Wolff Wiese Magana LLC increased its position in shares of Citigroup by 87.6% during the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock worth $26,000 after acquiring an additional 120 shares during the period. Howard Hughes Medical Institute purchased a new position in Citigroup in the second quarter valued at $34,000. DHJJ Financial Advisors Ltd. grew its stake in Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in Citigroup during the 2nd quarter worth about $38,000. Finally, Capital A Wealth Management LLC purchased a new stake in Citigroup during the 2nd quarter worth about $38,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Trading Down 1.7%

NYSE C opened at $113.71 on Monday. The firm’s fifty day moving average price is $112.04 and its 200 day moving average price is $102.24. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $124.17. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 0.99. The company has a market capitalization of $203.46 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 0.73 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 for the quarter, beating analysts’ consensus estimates 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%. Citigroup’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 earnings per share. On average, sell-side analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, February 2nd. Citigroup’s dividend payout ratio (DPR) is currently 34.43%.

Analyst Ratings Changes

C has been the subject of several recent research reports. Morgan Stanley lifted their price objective on Citigroup from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Barclays raised their target price on shares of Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Truist Financial boosted their price target on shares of Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. HSBC reissued a “buy” rating and issued a $87.00 price objective on shares of Citigroup in a research report on Wednesday, January 7th. Finally, Wells Fargo & Company set a $150.00 price objective on shares of Citigroup in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $125.56.

Citigroup News Roundup

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 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.