15,279 Shares in Citigroup Inc. $C Bought by M Holdings Securities Inc.

M Holdings Securities Inc. acquired a new stake in Citigroup Inc. (NYSE:C) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,279 shares of the company’s stock, valued at approximately $1,890,000.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in Citigroup during the 2nd quarter worth $3,244,602,000. Nykredit A S purchased a new position in Citigroup during the 2nd quarter worth $458,275,000. State Street Corp increased its stake in Citigroup by 3.7% in the second quarter. State Street Corp now owns 80,956,349 shares of the company’s stock valued at $11,199,986,000 after purchasing an additional 2,913,701 shares during the period. SEB Asset Management AB acquired a new position in Citigroup in the first quarter valued at $252,972,000. Finally, OMERS ADMINISTRATION Corp raised its holdings in shares of Citigroup by 1,137.1% in the second quarter. OMERS ADMINISTRATION Corp now owns 1,840,374 shares of the company’s stock valued at $257,579,000 after buying an additional 1,691,611 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on C. Loop Capital set a $155.00 target price on shares of Citigroup in a research note on Tuesday, October 13th. Wall Street Zen raised Citigroup from a “hold” rating to a “buy” rating in a report on Saturday. Truist Financial dropped their price target on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. JPMorgan Chase & Co. upped their price objective on Citigroup from $147.00 to $148.50 and gave the company an “overweight” rating in a research note on Friday, October 30th. Finally, Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $150.87.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: A valuation commentary argues Citigroup shares could be about 41% undervalued based on the bank’s equity returns. This is an analyst-style assessment, not a company forecast, but may support investor optimism about the stock’s valuation. Article: Citigroup Stock Could Be 41% Undervalued On Equity Returns
• Positive Sentiment: CEO Jane Fraser attributed the sharp market sell-off largely to hedge funds’ risk models and said she does not expect it to get worse. Her assessment could ease concerns about prolonged market stress affecting trading and client activity, though it is not a guarantee. Article: Citigroup’s Jane Fraser Says Hedge Funds Drove the Sell-Off
• Neutral Sentiment: Citigroup plans to redeem all $1 billion of its Series Y preferred stock. The announcement does not specify how the redemption will be funded or replaced, so the impact on capital and financing costs is unclear. Article: Citigroup Announces Full Redemption of Series Y Preferred Stock
• Neutral Sentiment: Citigroup replaced David Haldane with Rob Smolen to lead global derivatives and EMEA equities. The change affects a key securities-business leadership role, but the report gave no details suggesting a change in strategy or financial outlook. Article: Citigroup Replaces Equities Executive David Haldane With Rob Smolen
• Neutral Sentiment: Separately, Citi downgraded U.S. equities and technology stocks to neutral, citing investor-positioning risks. This reflects the bank’s market view rather than a change to Citigroup’s own business outlook. Article: Citigroup Downgrades US Equities to Neutral on AI Concerns

Citigroup Stock Performance

NYSE:C opened at $122.01 on Tuesday. The firm’s fifty day moving average price is $128.71 and its 200 day moving average price is $126.64. Citigroup Inc. has a 1-year low of $95.83 and a 1-year high of $147.96. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a market cap of $208.09 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 0.55 and a beta of 1.18.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.19. The company had revenue of $23.84 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. Citigroup’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.86 EPS. On average, sell-side analysts expect that Citigroup Inc. will post 11.44 EPS for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 2nd will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $2.68 annualized dividend and a dividend yield of 2.2%. Citigroup’s payout ratio is presently 26.15%.

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City. Founded in 1812 as the City Bank of New York, it has grown into an international banking organization serving individuals, businesses, governments and institutions.

The company provides consumer banking and wealth management services, including deposits, lending, credit cards and investment services. For corporate and institutional clients, Citi offers transaction banking, treasury and trade solutions, securities services, investment banking, and markets and financing services.

Citi serves clients across the United States and a broad range of international markets, drawing on its global network to support cross-border business and financial activity.