KLP Kapitalforvaltning AS Trims Stock Holdings in Citigroup Inc. $C

KLP Kapitalforvaltning AS trimmed its position in Citigroup Inc. (NYSE:C) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 876,641 shares of the company’s stock after selling 18,300 shares during the period. KLP Kapitalforvaltning AS’s holdings in Citigroup were worth $88,979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of C. Brookstone Capital Management grew its position in shares of Citigroup by 31.5% in the 3rd quarter. Brookstone Capital Management now owns 75,914 shares of the company’s stock worth $7,705,000 after acquiring an additional 18,176 shares in the last quarter. Permanent Capital Management LP acquired a new stake in shares of Citigroup during the 3rd quarter valued at approximately $1,238,000. Keystone Financial Services bought a new position in Citigroup during the second quarter worth $216,000. Perigon Wealth Management LLC boosted its holdings in Citigroup by 27.2% in the third quarter. Perigon Wealth Management LLC now owns 75,566 shares of the company’s stock worth $7,670,000 after purchasing an additional 16,171 shares during the period. Finally, Brighton Jones LLC increased its stake in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,499 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

C has been the topic of a number of recent research reports. Dbs Bank downgraded shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Truist Financial increased their price objective on shares of Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Cowen lifted their target price on Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Wolfe Research reaffirmed an “outperform” rating and set a $121.00 target price on shares of Citigroup in a report on Wednesday, December 17th. Finally, Keefe, Bruyette & Woods increased their price target on Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and a consensus price target of $119.69.

Citigroup Stock Down 0.6%

C opened at $122.52 on Wednesday. The stock’s 50 day moving average price is $107.90 and its 200 day moving average price is $99.34. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $219.22 billion, a P/E ratio of 17.21, a P/E/G ratio of 0.48 and a beta of 1.18. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $124.17.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. The company had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $1.51 earnings per share. As a group, research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s dividend payout ratio is currently 33.71%.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Shares reached new 52‑week highs as market sentiment has turned favorable amid deregulation talk, rate dynamics and optimism on Citi’s strategy. Citigroup Stock Reaches New 52-Week High
• Neutral Sentiment: Upcoming quarterly earnings release is a near‑term catalyst — results and guidance will likely drive the next leg of the move (could amplify upside or trigger profit‑taking). Citigroup to Release Quarterly Earnings
• Neutral Sentiment: Citi’s research is active on major energy names (example: it recently trimmed a Chevron price target), underscoring Citi’s role as a large sell‑side franchise that can sway sectors but doesn’t directly change Citi’s near‑term earnings. Why Chevron’s Venezuela Exposure Puts CVX Stock in Play
• Negative Sentiment: Wells Fargo Advisors poached an ultra‑high‑net‑worth advisory team managing roughly $1.2B from Citi — a direct loss for Citi’s wealth management fees and AUM growth. Wells Fargo recruits $1.2B advisory team from Citigroup
• Negative Sentiment: Citi and JPMorgan reportedly opted out of a $1.4B SBI Funds IPO over low underwriting fees — a missed underwriting revenue opportunity in a large emerging‑market deal. Citi, JPMorgan opt out of $1.4 billion SBI Funds IPO
• Negative Sentiment: Some analysts warn Citi may be “priced for perfection” after the run; valuation and consensus earnings expectations look elevated, leaving limited margin for disappointment if earnings or guidance miss. Citigroup: Priced For Perfection

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.