Ritholtz Wealth Management Buys 30,418 Shares of Citigroup Inc. $C

Ritholtz Wealth Management boosted its stake in shares of Citigroup Inc. (NYSE:C) by 33.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,888 shares of the company’s stock after buying an additional 30,418 shares during the period. Ritholtz Wealth Management’s holdings in Citigroup were worth $12,270,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. TKG Advisors LLC purchased a new stake in shares of Citigroup in the third quarter worth $2,370,000. EdgeRock Capital LLC purchased a new position in shares of Citigroup in the 3rd quarter worth about $245,000. Nwam LLC boosted its stake in Citigroup by 32.1% in the 3rd quarter. Nwam LLC now owns 9,272 shares of the company’s stock worth $900,000 after purchasing an additional 2,252 shares in the last quarter. Alliance Wealth Management Group purchased a new stake in Citigroup during the 3rd quarter valued at about $252,000. Finally, Wolff Wiese Magana LLC increased its stake in Citigroup by 87.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

C has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. HSBC reiterated a “buy” rating and set a $87.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. Barclays boosted their price target on Citigroup from $115.00 to $146.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $121.00 price objective on shares of Citigroup in a research report on Thursday. Finally, Truist Financial lifted their price objective on Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $124.65.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q4 EPS beat and lighter loan‑loss provisioning — Citi beat on adjusted EPS ($1.81 vs. ~ $1.65 expected) and reported lower‑than‑expected provisions, which supports near‑term profitability. Earnings summary
• Positive Sentiment: Investment banking / M&A strength — Advisory fees jumped (PYMNTS notes an 84% increase), driving record revenues in dealmaking and corporate client services. That diversification is a tailwind for revenue quality. Citigroup M&A fees jump
• Positive Sentiment: Analyst support / raises — Several firms refreshed coverage after results (Wolfe Research raised a price target; some houses reiterated Outperform/Buy), providing potential upside via upgraded estimates and investor confidence. Wolfe Research PT raise
• Neutral Sentiment: Mixed top‑line vs. bottom‑line — Revenue missed consensus (~$19.9B vs. ~$20.7–21.0B expectations) even as EPS topped forecasts; that combination produces mixed signals for valuation and growth prospects. CNBC earnings coverage
• Neutral Sentiment: Analyst divergence — Some shops (JP Morgan, RBC, others) reiterated bullish stances while others kept Hold ratings, creating a split consensus that can amplify intraday swings as funds rebalance. TipRanks: Hold commentary
• Negative Sentiment: One‑time Russia exit charge — Citi booked a ~$1.2B pre‑tax loss tied to the planned sale/exit from Russia, which trimmed Q4 profit and flagged geopolitical disposal risk. That headline pressured sentiment after the print. Reuters: Russia charge
• Negative Sentiment: Cost cuts & workforce disruption — Management signaled tougher standards and further job cuts (Citi has started ~1,000 cuts and plans larger reductions), which can boost medium‑term efficiency but creates near‑term execution and morale risk. CEO signals job cuts
• Negative Sentiment: Regulatory and sector overhangs — Industry headlines about possible credit‑card rate caps and broader bank valuation concerns have pressured peers and add downside risk to Citi’s consumer credit economics. CNBC: credit card cap risk

Citigroup Trading Up 4.4%

Shares of Citigroup stock opened at $117.32 on Friday. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $124.17. The company’s fifty day simple moving average is $110.32 and its 200-day simple moving average is $100.84. 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 stock has a market capitalization of $209.92 billion, a PE ratio of 16.83, a P/E/G ratio of 0.43 and a beta of 1.18.

Citigroup (NYSE:C) last announced its earnings results on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.16. The company had revenue of $19.87 billion for the quarter, compared to analysts’ expectations of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.Citigroup’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.34 EPS. As a group, equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors 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 dividend on an annualized basis and a dividend yield of 2.0%. Citigroup’s payout ratio is 34.43%.

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.