D.A. Davidson & CO. Lowers Stake in Citigroup Inc. $C

D.A. Davidson & CO. lessened its holdings in Citigroup Inc. (NYSE:C) by 8.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,989 shares of the company’s stock after selling 6,864 shares during the period. D.A. Davidson & CO.’s holdings in Citigroup were worth $7,916,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of C. Brighton Jones LLC raised its stake in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after buying an additional 12,499 shares during the period. Kestra Investment Management LLC increased its holdings in Citigroup by 77.8% in the 1st quarter. Kestra Investment Management LLC now owns 4,539 shares of the company’s stock worth $322,000 after acquiring an additional 1,986 shares in the last quarter. Caxton Associates LLP acquired a new position in Citigroup during the first quarter worth $2,420,000. Arete Wealth Advisors LLC raised its position in Citigroup by 19.7% during the first quarter. Arete Wealth Advisors LLC now owns 13,660 shares of the company’s stock worth $904,000 after acquiring an additional 2,249 shares during the period. Finally, Ascent Group LLC lifted its holdings in Citigroup by 18.0% during the first quarter. Ascent Group LLC now owns 43,085 shares of the company’s stock valued at $3,059,000 after purchasing an additional 6,580 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Down 0.6%

Shares of Citigroup stock opened at $122.52 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s 50 day simple moving average is $107.90 and its 200-day simple moving average is $99.34. The stock has a market cap of $219.22 billion, a P/E ratio of 17.21, a P/E/G ratio of 0.48 and a beta of 1.18. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $124.17.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating 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%.The business’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. Analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were issued 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 currently 33.71%.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi won a major underwriting mandate — India’s top asset manager tapped Citi (and HSBC) to lead a US$1.4B IPO, a meaningful fee win that supports revenue from investment banking and strengthens Citi’s franchise in fast‑growing EM capital markets. Read More.
• Positive Sentiment: Momentum: Citi recently hit a 52‑week high, reflecting positive investor sentiment from strategic exits, easing regulation and a softer short‑rate outlook that should help the bank’s funding and credit outlook. This technical strength can attract momentum and institutional flows. Read More.
• Positive Sentiment: Fundamentals: Citi’s recent quarterly results showed an earnings beat and revenue growth year‑over‑year, supporting the bullish case for durable profitability improvements if rates and fee businesses stabilize. Read More.
• Neutral Sentiment: Small/technical moves: Citi entities exited substantial‑holder status in an Australian stock (Vulcan Energy), a bookkeeping/positioning update that is unlikely to move Citi’s core fundamentals but may affect perceived trading flows in niche listings. Read More.
• Negative Sentiment: Client/team loss: Wells Fargo Advisors has recruited an ultra‑high‑net‑worth advisory team managing roughly $1.2B from Citi — a direct hit to Citi’s wealth management AUM and recurring fees and a visible sign of advisor attrition risk in private banking/advisory. This kind of client migration can pressure fee revenue and investor sentiment. Read More.
• Negative Sentiment: Valuation/expectations risk: Commentary from independent analysts and blogs warns Citi may be “priced for perfection” after the rally — consensus earnings appear ambitious and any slip vs. forecasts or signs that NIM/loan growth normalizes slower than expected could prompt a pullback. That critique increases sensitivity to execution misses. Read More.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Citigroup from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $107.00 to $124.00 in a research note on Friday, December 12th. Morgan Stanley lifted their price objective on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Cowen reissued a “hold” rating on shares of Citigroup in a report on Wednesday, December 10th. Piper Sandler lifted their price target on Citigroup from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $119.69.

Citigroup Company 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.