Citigroup Inc. $C Shares Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 24.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,765 shares of the company’s stock after buying an additional 17,161 shares during the period. SteelPeak Wealth LLC’s holdings in Citigroup were worth $11,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of C. Whipplewood Advisors LLC acquired a new stake in shares of Citigroup in the 1st quarter valued at approximately $25,000. Paladin Partners LLC acquired a new position in Citigroup during the second quarter valued at approximately $27,000. IMG Wealth Management Inc. grew its holdings in Citigroup by 197.6% during the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock valued at $28,000 after purchasing an additional 162 shares during the period. Scarborough Advisors LLC bought a new stake in Citigroup in the first quarter valued at approximately $29,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in Citigroup in the second quarter valued at approximately $29,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

C has been the topic of several analyst reports. Loop Capital set a $155.00 target price on shares of Citigroup in a report on Tuesday. TD Cowen decreased their price target on shares of Citigroup from $150.00 to $148.00 and set a “buy” rating for the company in a report on Wednesday. Oppenheimer cut shares of Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Citigroup in a research report on Wednesday. Finally, Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.79.

Citigroup Stock Performance

Shares of C stock opened at $124.36 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.99 and a current ratio of 1.00. Citigroup Inc. has a 52 week low of $95.00 and a 52 week high of $147.96. The company’s 50 day moving average price is $132.74 and its two-hundred day moving average price is $131.77. The company has a market capitalization of $212.11 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.19. The company had revenue of $23.84 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.86 earnings per share. On average, analysts expect that Citigroup Inc. will post 11.39 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were issued a dividend of $0.67 per share. The ex-dividend date was Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.2%. Citigroup’s dividend payout ratio (DPR) is 26.15%.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: U.S. officials raised Citigroup’s market-access issues in China during bilateral talks in Bangkok. The discussions followed an agreement tied to regulatory approval, potentially improving Citi’s growth prospects in the Chinese market. U.S. raises Mastercard, Citigroup China market access in bilateral Bangkok talks
• Positive Sentiment: Recent third-quarter results continued to support Citi’s turnaround narrative. The bank reported earnings of $2.85 per share, above the $2.66 consensus estimate, while revenue rose 7.9% year over year to $23.85 billion. Net income reportedly increased 17%, and quarterly revenue reached its highest level in a decade. Citigroup CEO Jane Fraser Says the Bank Is on Front Foot
• Positive Sentiment: Citigroup is reportedly preparing an initial public offering for Banamex, its former Mexican consumer-banking business. A successful separation and IPO could simplify Citi’s operations, unlock value, and allow management to focus on its core businesses. Banamex leadership pitches turnaround ahead of targeted Citi IPO
• Neutral Sentiment: Citi expects the Federal Reserve to raise interest rates by 25 basis points in December after hotter-than-expected inflation. Higher rates may support lending margins, but they could also pressure economic activity, credit quality, and dealmaking. Citi expects Fed to raise rates by 25 basis points
• Negative Sentiment: Royal Bank of Canada cut its price target for Citigroup, adding pressure after the stock’s post-earnings performance. Broader bank shares have also struggled despite earnings beats because investors remain concerned about interest-rate volatility and potentially slowing trading and investment-banking revenue. Citigroup Stock Price Target Cut by Royal Bank of Canada
• Negative Sentiment: Citi allowed employees in Saudi Arabia to work remotely as regional conflict intensified. The move demonstrates business-continuity planning but highlights geopolitical risks that could disrupt local operations and client activity. Why Is Citigroup Letting Saudi Staff Work Remotely?

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi’s consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.