TOWER TRUST & INVESTMENT Co Buys New Shares in Citigroup Inc. $C

TOWER TRUST & INVESTMENT Co bought a new position in shares of Citigroup Inc. (NYSE:C) during the 3rd quarter, Holdings Channel.com reports. The firm bought 11,839 shares of the company’s stock, valued at approximately $1,202,000. Citigroup makes up 0.8% of TOWER TRUST & INVESTMENT Co’s investment portfolio, making the stock its 27th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Citigroup during the 2nd quarter valued at about $2,455,929,000. Amundi grew its holdings in Citigroup by 78.4% in the first quarter. Amundi now owns 13,713,517 shares of the company’s stock valued at $973,523,000 after purchasing an additional 6,026,268 shares during the period. B. Metzler seel. Sohn & Co. AG increased its position in Citigroup by 2,230.8% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock worth $186,726,000 after purchasing an additional 2,517,459 shares during the last quarter. AQR Capital Management LLC raised its stake in Citigroup by 52.8% during the first quarter. AQR Capital Management LLC now owns 6,621,300 shares of the company’s stock worth $456,737,000 after purchasing an additional 2,286,653 shares during the period. Finally, Swedbank AB boosted its holdings in shares of Citigroup by 14.8% in the 2nd quarter. Swedbank AB now owns 10,906,386 shares of the company’s stock valued at $928,352,000 after purchasing an additional 1,406,624 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Trending Headlines about Citigroup

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 Price Performance

Shares of NYSE C opened at $114.79 on Monday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $115.61. The company has a market capitalization of $205.39 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 0.57 and a beta of 1.21. The business has a 50-day moving average of $102.83 and a 200-day moving average of $95.82.

Citigroup (NYSE:C) last released its quarterly 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. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. During the same period in the previous year, the company posted $1.51 EPS. Citigroup’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were issued 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 of this dividend was Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is presently 33.71%.

Analyst Ratings Changes

A number of research firms have recently commented on C. TD Cowen upped their price objective on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Wolfe Research reissued an “outperform” rating and set a $121.00 price target on shares of Citigroup in a research report on Wednesday. Piper Sandler set a $118.00 price target on Citigroup in a research note on Wednesday, December 10th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Citigroup in a research note on Tuesday, October 14th. Finally, Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average price target of $114.50.

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.