Citigroup Inc. $C Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lowered its stake in Citigroup Inc. (NYSE:C) by 1.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 682,813 shares of the company’s stock after selling 8,302 shares during the quarter. Citigroup makes up about 1.4% of Deprince Race & Zollo Inc.’s holdings, making the stock its 11th biggest position. Deprince Race & Zollo Inc.’s holdings in Citigroup were worth $69,306,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Truvestments Capital LLC lifted 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 acquiring an additional 246 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in Citigroup in the 2nd quarter valued at about $34,000. DHJJ Financial Advisors Ltd. lifted its holdings in Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after purchasing an additional 253 shares in the last quarter. WPG Advisers LLC purchased a new position in Citigroup in the 1st quarter valued at about $38,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Citigroup during the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of Citigroup stock opened at $120.40 on Friday. The business’s fifty day moving average price is $105.08 and its 200 day moving average price is $97.18. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $122.84. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $215.42 billion, a P/E ratio of 16.91, a PEG ratio of 0.60 and a beta of 1.21.

Citigroup (NYSE:C) last announced 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. The company had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.51 earnings per share. As a group, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on C shares. Barclays upped their price objective on shares of Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Cowen reiterated a “hold” rating on shares of Citigroup in a report on Wednesday, December 10th. Keefe, Bruyette & Woods raised their price objective on Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Wells Fargo & Company upped their target price on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Finally, UBS Group reissued a “neutral” rating and issued a $108.00 price target on shares of Citigroup in a research note on Monday, November 24th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.50.

Citigroup News Summary

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.