Citigroup Inc. $C Holdings Lowered by Sound Shore Management Inc CT

Sound Shore Management Inc CT decreased its holdings in Citigroup Inc. (NYSE:C) by 29.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 988,934 shares of the company’s stock after selling 416,082 shares during the period. Citigroup accounts for about 3.3% of Sound Shore Management Inc CT’s holdings, making the stock its 2nd biggest position. Sound Shore Management Inc CT’s holdings in Citigroup were worth $100,377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wolff Wiese Magana LLC raised its stake in shares of 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 during the period. Guerra Advisors Inc bought a new position in Citigroup in the 3rd quarter worth about $33,000. Howard Hughes Medical Institute purchased a new position in Citigroup during the 2nd quarter valued at about $34,000. Legacy Investment Solutions LLC bought a new stake in shares of Citigroup during the second quarter valued at about $38,000. Finally, Capital A Wealth Management LLC bought a new stake in shares of Citigroup during the second quarter valued at about $38,000. 71.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

C has been the topic of a number of analyst reports. Wells Fargo & Company set a $150.00 target price on shares of Citigroup in a report on Monday, January 5th. Morgan Stanley raised their price objective on shares of Citigroup from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Wolfe Research reaffirmed an “outperform” rating and set a $141.00 price objective on shares of Citigroup in a report on Wednesday, January 7th. Bank of America increased their target price on Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $121.00 price target on shares of Citigroup in a research report on Thursday, January 15th. One investment 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.19.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analyst upgrade / price‑target momentum — Citi was the subject of recent bullish analyst notes and an upgrade that helped push the stock to a one‑year high, creating fresh buy interest from both retail and institutional investors. Article Title
• Positive Sentiment: Management highlights credit‑card growth — Incoming CFO Gonzalo Luchetti emphasized continued card volume and scaling potential in Citi’s consumer business, a key driver of net interest and fee income growth for the bank. That commentary supports earnings upside expectations. Article Title
• Positive Sentiment: Fed supervision pivot could ease supervisory burden — Reports that the Fed will re‑classify some “matters requiring attention” to non‑binding observations may reduce near‑term regulatory overhead and compliance costs for large banks, which is supportive for Citi’s capital and operational flexibility. Article Title
• Neutral Sentiment: Investor conference disclosures — Citi’s recent presentations at Bank of America and UBS conferences (transcripts available) give more detail on strategy, capital allocation and consumer/card trajectories; useful for modeling but not an immediate catalyst on their own. Article Title
• Neutral Sentiment: Capital‑markets move: new preferred issuance — Citi issued a new 6.25% preferred instrument that analysts rate as a Hold; this impacts funding mix and yields but is not a clear directional signal for the common stock. Article Title
• Negative Sentiment: Regulatory / political risk from credit‑card rate‑cap debate — Management warned a cap on card rates would have “massive ripple effects”; the very public nature of the warning highlights regulatory risk that could meaningfully compress card yields if policy action gains traction. Article Title
• Negative Sentiment: Recent quarter: EPS beat but revenue shortfall — Citi’s latest report showed an EPS beat yet revenue missed consensus, which leaves some skepticism around top‑line momentum and could cap multiple expansion absent clearer revenue acceleration. Background: Citi Jan. 14 quarter

Citigroup Stock Down 3.8%

Shares of NYSE:C opened at $117.50 on Thursday. The stock’s 50-day moving average is $116.29 and its 200 day moving average is $104.50. The company has a market cap of $210.24 billion, a PE ratio of 16.86, a P/E/G ratio of 0.78 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. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $125.16.

Citigroup (NYSE:C) last released its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.16. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The business had revenue of $19.87 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter last year, the business posted $1.34 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

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 given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, February 2nd. Citigroup’s payout ratio is presently 34.43%.

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.