Connective Portfolio Management LLC Takes Position in Citigroup Inc. $C

Connective Portfolio Management LLC acquired a new stake in Citigroup Inc. (NYSE:C) during the third quarter, Holdings Channel.com reports. The firm acquired 23,185 shares of the company’s stock, valued at approximately $2,333,000. Citigroup comprises approximately 4.1% of Connective Portfolio Management LLC’s portfolio, making the stock its 7th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in C. Truvestments Capital LLC raised its position in shares of Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares during the period. Howard Hughes Medical Institute acquired a new position in Citigroup in the 2nd quarter valued at $34,000. DHJJ Financial Advisors Ltd. raised its holdings in Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after acquiring an additional 253 shares during the period. WPG Advisers LLC acquired a new position in Citigroup during the 1st quarter worth $38,000. Finally, Legacy Investment Solutions LLC acquired a new position in Citigroup during the 2nd quarter worth $38,000. Institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on C shares. Barclays lifted their price objective on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Wells Fargo & Company lifted their price target on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Truist Financial upped their price target on Citigroup from $112.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Wolfe Research restated an “outperform” rating and issued a $121.00 price objective on shares of Citigroup in a research note on Wednesday, December 17th. Finally, Cowen reaffirmed a “hold” rating on shares of Citigroup in a research report on Wednesday, December 10th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $114.50.

Citigroup Price Performance

Shares of NYSE:C opened at $120.40 on Friday. The firm has a market capitalization of $215.42 billion, a PE ratio of 16.91, a PEG ratio of 0.60 and a beta of 1.21. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $122.84. The business’s 50 day moving average is $105.08 and its 200-day moving average is $97.05.

Citigroup (NYSE:C) last issued 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 firm had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.Citigroup’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $1.51 earnings per share. Sell-side analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

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

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Regulatory relief, progress on the Banamex stake sale and growing turnaround optimism are boosting Citi’s valuation narrative — investors view these developments as freeing capital and reducing legacy overhang, supporting a re-rate. Citigroup (C): Valuation Check After Regulatory Relief, Banamex Stake Sale Progress and Turnaround Optimism
• Positive Sentiment: Analyst coverage notes Citi can benefit from an eventual Fed easing cycle — lower funding costs and stronger loan demand would help net interest margins and fee income across big banks, giving Citi upside if macro shifts as expected. The Zacks Analyst Blog Wells Fargo, Bank of America and Citigroup
• Positive Sentiment: Recent sessions showed Citi outperforming peers on bouts of buying interest, indicating pockets of accumulation from traders expecting the turnaround story to play out. Citigroup Inc. stock outperforms competitors on strong trading day
• Neutral Sentiment: Market-support readings and technicals are mixed — some analyses flag that Citi’s momentum indicators and short-interest/market-structure signals leave room for consolidation instead of a clean breakout. Is Citigroup Inc Gaining or Losing Market Support?
• Negative Sentiment: Execution risk and headline sensitivity remain — delays or a smaller-than-expected Banamex sale, plus below-average trading volume and profit-taking after a strong run, can pressure the stock even with positive fundamentals. (Related coverage on the Banamex/regulatory story above.)

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.