16,816 Shares in Citigroup Inc. $C Purchased by Worth Asset Management LLC

Worth Asset Management LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C) during the third quarter, HoldingsChannel.com reports. The fund purchased 16,816 shares of the company’s stock, valued at approximately $1,707,000. Citigroup comprises about 0.8% of Worth Asset Management LLC’s holdings, making the stock its 28th biggest holding.

Several other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC grew its holdings in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares during the period. CreativeOne Wealth LLC boosted its holdings in shares of Citigroup by 10.6% in the first quarter. CreativeOne Wealth LLC now owns 17,568 shares of the company’s stock worth $1,247,000 after buying an additional 1,686 shares during the last quarter. Truvestments Capital LLC grew its position 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 during the period. Trexquant Investment LP purchased a new stake in Citigroup during the first quarter valued at approximately $2,339,000. Finally, State of Wyoming raised its position in Citigroup by 8.7% in the first quarter. State of Wyoming now owns 2,235 shares of the company’s stock worth $159,000 after acquiring an additional 178 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Citigroup

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.)

Analyst Ratings Changes

C has been the subject of several analyst reports. TD Cowen upped their price objective on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Cowen restated a “hold” rating on shares of Citigroup in a research report on Wednesday, December 10th. Wells Fargo & Company raised their price objective on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $118.00 price target on shares of Citigroup in a report on Tuesday, October 14th. Finally, UBS Group reissued a “neutral” rating and issued a $108.00 price objective 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.50.

Citigroup Trading Down 1.0%

Shares of C opened at $120.40 on Friday. The firm 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. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $122.84. The company has a 50 day simple moving average of $105.08 and a two-hundred day simple moving average of $97.18.

Citigroup (NYSE:C) last released 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. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. During the same quarter in the previous year, the firm earned $1.51 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

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