Citigroup Inc. $C Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in shares of Citigroup Inc. (NYSE:C) by 393.6% during the third quarter, Holdings Channel reports. The firm owned 22,205 shares of the company’s stock after purchasing an additional 17,706 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Citigroup were worth $2,254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Onyx Bridge Wealth Group LLC raised its holdings in Citigroup by 3.6% during the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock worth $265,000 after buying an additional 109 shares during the period. Fullcircle Wealth LLC increased its position in shares of Citigroup by 0.9% in the second quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock worth $1,206,000 after acquiring an additional 111 shares in the last quarter. Binnacle Investments Inc raised its holdings in shares of Citigroup by 6.5% during the second quarter. Binnacle Investments Inc now owns 1,847 shares of the company’s stock valued at $157,000 after acquiring an additional 113 shares during the period. Secure Asset Management LLC lifted its position in shares of Citigroup by 3.7% in the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after acquiring an additional 118 shares in the last quarter. Finally, Cape Investment Advisory Inc. boosted its stake in Citigroup by 10.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,243 shares of the company’s stock worth $106,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Street note: Citigroup outperformed peers in a strong trading session, signaling buy-side interest and momentum into the bank group. This kind of relative strength often draws additional flows into larger-cap banks like C. Citigroup Inc. stock outperforms competitors on strong trading day
• Positive Sentiment: Strategic growth: Citi is beefing up its Japan investment‑banking team (target ~30% headcount increase by 2026) to capture a record M&A wave there — a direct path to higher advisory fees and improved revenues in global markets/IB. Citigroup Seizes Japan’s M&A Boom, Plans to Expand IB Team
• Positive Sentiment: Analyst/sector tailwinds: Citi appears on lists of large banks hitting 52‑week highs and is cited among institutions likely to benefit from declining Fed rates (stronger loan demand, steadier funding costs) — a tailwind for both trading and lending franchises. 3 Bank Stocks to Keep on Your Radar as They Reach New 52-Week Highs 3 Banks Poised to Benefit Most From Declining Interest Rates
• Neutral Sentiment: Small supply risk in Asia: Anchor lock‑ins tied to Citigroup‑managed Indian IPOs are ending, which could release shares into local markets; effect on Citi is indirect (investment banking distribution role) but worth monitoring for regional market flux. Below-IPO price, anchor lock-ins for Citigroup-backed GK Energy and Saatvik Green end today

Citigroup Trading Up 2.0%

Shares of NYSE C opened at $121.79 on Friday. The stock has a market cap of $217.92 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 0.60 and a beta of 1.21. The business has a 50 day simple moving average of $104.61 and a 200 day simple moving average of $96.75. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $122.84. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.35. The firm had revenue of $22.09 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.51 earnings per share. On average, research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s payout ratio is presently 33.71%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on C. TD Cowen boosted their target price on shares of Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Barclays upped their price target on Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Dbs Bank cut Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Bank of America increased their price target on shares of Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $114.50.

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.