Cwm LLC Boosts Holdings in Citigroup Inc. $C

Cwm LLC raised its holdings in Citigroup Inc. (NYSE:C) by 11.6% during the 3rd quarter, Holdings Channel reports. The firm owned 157,495 shares of the company’s stock after purchasing an additional 16,337 shares during the quarter. Cwm LLC’s holdings in Citigroup were worth $15,986,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of C. Busey Bank lifted its stake in Citigroup by 1.3% in the 3rd quarter. Busey Bank now owns 198,451 shares of the company’s stock valued at $20,143,000 after buying an additional 2,456 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Citigroup by 38.0% in the third quarter. Pacer Advisors Inc. now owns 245,957 shares of the company’s stock worth $24,965,000 after acquiring an additional 67,707 shares during the last quarter. BSW Wealth Partners lifted its position in shares of Citigroup by 1.4% in the third quarter. BSW Wealth Partners now owns 8,047 shares of the company’s stock valued at $817,000 after acquiring an additional 115 shares in the last quarter. Spirit of America Management Corp NY lifted its position in shares of Citigroup by 2.0% in the third quarter. Spirit of America Management Corp NY now owns 20,750 shares of the company’s stock valued at $2,106,000 after acquiring an additional 400 shares in the last quarter. Finally, Secured Retirement Advisors LLC increased its position in Citigroup by 2.3% during the 3rd quarter. Secured Retirement Advisors LLC now owns 15,671 shares of the company’s stock worth $1,591,000 after purchasing an additional 349 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

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.)

Wall Street Analyst Weigh In

A number of research analysts have issued reports on C shares. Cowen restated a “hold” rating on shares of Citigroup in a report on Wednesday, December 10th. Oppenheimer reduced their price objective on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Bank of America raised their target price 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. UBS Group reiterated a “neutral” rating and issued a $108.00 price target on shares of Citigroup in a report on Monday, November 24th. Finally, Truist Financial raised their price objective on Citigroup from $112.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.50.

Citigroup Stock Performance

NYSE:C opened at $120.40 on Friday. The company has a market cap of $215.42 billion, a P/E ratio of 16.91, a P/E/G ratio of 0.60 and a beta of 1.21. The firm’s 50 day moving average is $105.08 and its two-hundred day moving average is $97.18. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $122.84. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. The business had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.51 EPS. Analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

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

Citigroup 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.