7,057 Shares in Citigroup Inc. $C Acquired by SWS Partners

SWS Partners purchased a new stake in shares of Citigroup Inc. (NYSE:C) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 7,057 shares of the company’s stock, valued at approximately $716,000.

Other hedge funds also recently modified their holdings of the company. Truvestments Capital LLC boosted its stake in Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after buying an additional 246 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in Citigroup in the second quarter worth 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 acquiring an additional 253 shares during the last quarter. WPG Advisers LLC bought a new position in shares of Citigroup during the 1st quarter valued at about $38,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Citigroup in the 2nd quarter worth approximately $38,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

Shares of NYSE:C opened at $120.40 on Friday. The company’s fifty day moving average is $105.08 and its two-hundred day moving average is $97.05. The company has a market cap of $215.42 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 0.60 and a beta of 1.21. Citigroup Inc. has a 12-month low of $55.51 and a 12-month 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 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 business 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 revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.51 earnings per share. Equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced 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. This represents a $2.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s payout ratio is 33.71%.

Analyst Ratings Changes

C has been the subject of several recent research reports. Bank of America increased their target price on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. UBS Group reiterated a “neutral” rating and set a $108.00 price objective on shares of Citigroup in a research report on Monday, November 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, October 8th. Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, JPMorgan Chase & Co. upgraded Citigroup from a “neutral” rating to an “overweight” rating and increased their price target for the company from $107.00 to $124.00 in a research report on Friday, December 12th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.)

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.