Citigroup Inc. $C Shares Sold by Sound Income Strategies LLC

Sound Income Strategies LLC lessened its stake in Citigroup Inc. (NYSE:C) by 6.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 359,835 shares of the company’s stock after selling 26,447 shares during the period. Citigroup comprises about 1.9% of Sound Income Strategies LLC’s investment portfolio, making the stock its 11th largest position. Sound Income Strategies LLC’s holdings in Citigroup were worth $34,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares during the last quarter. American Century Companies Inc. raised its stake in Citigroup by 5.0% during the first quarter. American Century Companies Inc. now owns 370,701 shares of the company’s stock worth $26,316,000 after acquiring an additional 17,753 shares during the period. Dorsey & Whitney Trust CO LLC lifted its holdings in Citigroup by 2.1% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 6,902 shares of the company’s stock worth $490,000 after acquiring an additional 142 shares during the last quarter. Summit Financial LLC boosted its stake in Citigroup by 44.9% in the first quarter. Summit Financial LLC now owns 21,627 shares of the company’s stock valued at $1,535,000 after acquiring an additional 6,701 shares during the period. Finally, CW Advisors LLC grew its holdings in shares of Citigroup by 9.1% during the first quarter. CW Advisors LLC now owns 105,762 shares of the company’s stock valued at $7,523,000 after purchasing an additional 8,790 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

C opened at $114.79 on Friday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $115.61. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $205.39 billion, a P/E ratio of 16.12, a PEG ratio of 0.57 and a beta of 1.21. The stock has a fifty day moving average of $102.83 and a 200-day moving average of $95.68.

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

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were given a $0.60 dividend. The ex-dividend date was Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.1%. Citigroup’s dividend payout ratio (DPR) is currently 33.71%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. 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 note on Friday, December 12th. Barclays lifted their price objective on shares of Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Morgan Stanley lifted their price objective on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Cowen reaffirmed a “hold” rating on shares of Citigroup in a research note on Wednesday, December 10th. Finally, Piper Sandler set a $118.00 price target on Citigroup in a report on Wednesday, December 10th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.50.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: U.S. Federal Reserve has terminated formal supervisory notices that had required Citi to fix longstanding trading risk and control weaknesses — a meaningful removal of regulatory constraints that lowers compliance costs and recapitalization uncertainty. Read More.
• Positive Sentiment: The OCC has reduced a regulatory mandate tied to Citi’s risk-management systems, further easing the bank’s supervisory burden and signaling improved regulator confidence in Citi’s remediation progress. Read More.
• Positive Sentiment: Bloomberg Law reports Citi has shed a penalty related to risk and compliance — another headline that removes a prior overhang on capital and reputation. Read More.
• Positive Sentiment: Large, unusual call-option buying — about 117,314 calls traded (≈+47% vs. average) — suggests traders are positioning for further upside or a positive catalysts around earnings/regulatory momentum. (Market activity entry)
• Positive Sentiment: Truist raised its price target to $123 and left a Buy rating, providing fresh analyst support and incremental demand for the shares. Read More.
• Positive Sentiment: Analysts expect a strong quarter: previews flag an anticipated double-digit EPS rise next quarter, which creates an earnings catalyst if Citi delivers in-line or above. Read More.
• Neutral Sentiment: Citi’s research group set a 12‑month Bitcoin forecast of $143,000 — a bullish crypto view that could support fees and trading revenue if ETF adoption continues, but it’s indirect to Citi’s core bank earnings. Read More.
• Neutral Sentiment: Citi struck a multi‑year partnership with LSEG to standardize enterprise data and boost efficiency — operationally positive but a longer‑term productivity story rather than an immediate earnings driver. Read More.
• Negative Sentiment: Some commentary argues Citi is “no longer the value play it once was,” highlighting valuation re-rating risk and the need for continued execution to justify higher multiples — a cautionary view that could cap upside if growth disappoints. Read More.

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.