Cullen Frost Bankers Inc. Has $20.93 Million Stake in Citigroup Inc. $C

Cullen Frost Bankers Inc. grew its position in Citigroup Inc. (NYSE:C) by 7.3% during the third quarter, HoldingsChannel reports. The firm owned 206,168 shares of the company’s stock after buying an additional 14,008 shares during the period. Cullen Frost Bankers Inc.’s holdings in Citigroup were worth $20,926,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC grew its holdings in Citigroup by 87.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock worth $26,000 after acquiring an additional 120 shares during the period. Howard Hughes Medical Institute acquired a new stake in Citigroup during the second quarter worth approximately $34,000. DHJJ Financial Advisors Ltd. grew its stake in Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares during the period. Legacy Investment Solutions LLC bought a new stake in Citigroup in the second quarter worth approximately $38,000. Finally, Capital A Wealth Management LLC acquired a new position in Citigroup in the second quarter valued at approximately $38,000. Institutional investors own 71.72% of the company’s stock.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analysts and screens are bullish: Citigroup was added to Zacks’ list of top income/strong-buy stocks, which can attract yield-seeking flows and bolster sentiment. Best Income Stocks to Buy for January 23rd
• Positive Sentiment: Underlying results remain supportive — Citi’s recent quarterly update showed an EPS beat and analysts have largely dismissed fears of an earnings re‑rating after the company’s Q4 performance, which helps justify current valuations. Analysts Dismiss Re-Rating Fears After Bright Citigroup (C) Earnings Update
• Neutral Sentiment: Citi research notes that a Washington affordability agenda could boost fintechs and related exposures — this is sector-positive for fintech names but is a mixed read for Citi (opportunity for fee revenue vs. policy uncertainty). US fintech stocks could gain as Trump pushes affordability agenda, Citi says
• Negative Sentiment: Layoff plans: Reuters reports Citi will cut more staff in March (after ~1,000 jobs cut this month), likely affecting managing directors and senior employees — raises near‑term execution and morale concerns even as costs fall; investors often react negatively to fresh rounds of cuts that signal tougher revenue outlooks. Exclusive: Citigroup to lay off more employees in March, sources say
• Negative Sentiment: Card pricing pressure/political optics: Reports that Citi is exploring a 10% capped-rate card to respond to political pressure (and CEO comments warning caps would hurt credit access) create uncertainty around future card yields and policy risk — potential margin compression if price caps or similar measures are implemented. Bank of America, Citigroup consider new credit cards with 10% rate, Bloomberg News reports

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wolfe Research reaffirmed an “outperform” rating and set a $141.00 price objective on shares of Citigroup in a research report on Wednesday, January 7th. UBS Group reissued a “neutral” rating and set a $132.00 target price on shares of Citigroup in a research note on Thursday, January 15th. Wells Fargo & Company set a $150.00 price target on shares of Citigroup in a research note on Monday, January 5th. Barclays upped their price objective on shares of Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Finally, JPMorgan Chase & Co. upgraded Citigroup from a “neutral” rating to an “overweight” rating and raised their target price for the company from $107.00 to $124.00 in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.56.

Citigroup Trading Down 1.7%

C opened at $113.71 on Friday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $124.17. The firm has a market capitalization of $203.46 billion, a PE ratio of 16.31, a P/E/G ratio of 0.72 and a beta of 1.18. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 0.99. The company’s 50-day moving average is $112.04 and its 200 day moving average is $102.13.

Citigroup (NYSE:C) last issued its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.16. The firm had revenue of $19.87 billion during the quarter, compared to analyst estimates of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 EPS. As a group, research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 2nd will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, February 2nd. This represents a $2.40 annualized dividend and a yield of 2.1%. Citigroup’s dividend payout ratio (DPR) is 34.43%.

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.