Citigroup Inc. $C Stock Sold by MRA Advisory Group

MRA Advisory Group decreased its holdings in shares of Citigroup Inc. (NYSE:C) by 83.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,621 shares of the company’s stock after selling 7,959 shares during the period. MRA Advisory Group’s holdings in Citigroup were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of C. Bank of New York Mellon Corp purchased a new position in shares of Citigroup during the 2nd quarter valued at about $3,244,602,000. Nykredit A S purchased a new position in Citigroup during the second quarter valued at approximately $458,275,000. State Street Corp boosted its position in shares of Citigroup by 3.7% in the second quarter. State Street Corp now owns 80,956,349 shares of the company’s stock worth $11,199,986,000 after purchasing an additional 2,913,701 shares during the period. SEB Asset Management AB bought a new stake in shares of Citigroup during the 1st quarter valued at $252,972,000. Finally, OMERS ADMINISTRATION Corp boosted its holdings in Citigroup by 1,137.1% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 1,840,374 shares of the company’s stock worth $257,579,000 after buying an additional 1,691,611 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Down 1.4%

Shares of C traded down $1.76 during mid-day trading on Wednesday, hitting $126.76. The company’s stock had a trading volume of 4,396,319 shares, compared to its average volume of 12,476,689. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $216.20 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.57 and a beta of 1.13. The company’s 50-day moving average is $133.89 and its 200-day moving average is $131.06. Citigroup Inc. has a 52-week low of $93.66 and a 52-week high of $147.96.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. The firm had revenue of $24.77 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 EPS. On average, equities research analysts forecast that Citigroup Inc. will post 11.19 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 3rd. This is a boost from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.1%. Citigroup’s payout ratio is currently 28.94%.

Analyst Ratings Changes

Several brokerages recently issued reports on C. Wall Street Zen downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. dropped their target price on shares of Citigroup from $149.00 to $147.00 and set an “overweight” rating for the company in a research report on Friday, October 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $150.00 price target on shares of Citigroup in a report on Wednesday, July 15th. Wells Fargo & Company boosted their price target on shares of Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, June 18th. Finally, Evercore set a $140.00 price objective on Citigroup in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $149.06.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Autonomous Research maintained an Outperform rating while making only a modest adjustment to its price target, lowering it to $146 from $147. The target still implies substantial upside from recent levels. Autonomous Research Adjusts Price Target on Citigroup
• Positive Sentiment: Citigroup’s partnership with Coinbase to support institutional stablecoin payments and expanded token-related services highlights its efforts to build a position in digital-asset infrastructure and cross-border payments. Investors Reacting to Citigroup Expanding Token Services
• Neutral Sentiment: Wall Street expects Citigroup to report year-over-year earnings growth when it releases results next week. The upcoming report is a key catalyst, with investors likely focused on revenue trends, credit quality, expense control and management’s outlook. Citigroup Reports Q3 Earnings on October 13
• Neutral Sentiment: Citigroup is accelerating promotions for junior bankers as it competes for talent. The move may support investment-banking growth but could also increase compensation costs. Citigroup Fast-Tracks Junior Bankers
• Negative Sentiment: UBS lowered its Citigroup price target to $139 from $142 and retained a Neutral rating. Although the revised target remains above the recent share price, the reduction signals limited analyst conviction and likely contributed to selling pressure. Citigroup Price Target Lowered by UBS

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City and listed on the New York Stock Exchange under the symbol C. Through its subsidiaries and businesses, Citi provides banking, lending, investment, payments, wealth management and other financial services to consumers, businesses, governments and institutional clients.

Citi’s principal businesses include Services, which supports institutional clients with treasury, trade, securities services and related solutions; Markets, which provides sales, trading, research and financing services; Banking, which offers investment banking and corporate banking; and Wealth, which provides private banking and wealth management.