Hartford Investment Management Co. Sells 4,949 Shares of Citigroup Inc. $C

Hartford Investment Management Co. trimmed its holdings in Citigroup Inc. (NYSE:C) by 4.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 107,850 shares of the company’s stock after selling 4,949 shares during the period. Hartford Investment Management Co.’s holdings in Citigroup were worth $10,947,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wolff Wiese Magana LLC lifted its position in Citigroup by 87.6% during the third 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 stake in Citigroup in the 3rd quarter worth approximately $33,000. Howard Hughes Medical Institute purchased a new stake in Citigroup during the 2nd quarter valued at $34,000. Legacy Investment Solutions LLC bought a new position in shares of Citigroup during the 2nd quarter valued at $38,000. Finally, Capital A Wealth Management LLC bought a new position in shares of Citigroup during the 2nd quarter valued at $38,000. Institutional investors own 71.72% of the company’s stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup beat EPS expectations for its most recent quarter (reported $1.81 vs. $1.65 consensus) and showed modest year-over-year earnings improvement, which supports the stock’s valuation and investor confidence.
• Positive Sentiment: Analyst commentary highlighting Citigroup as an attractive dividend name is drawing investor interest; Zacks argues the bank’s yield and payout make it appealing for income-focused shareholders. Why Citigroup (C) is a Great Dividend Stock Right Now
• Neutral Sentiment: Political and fiscal headlines (ongoing funding talks / temporary government shutdown risk) are creating broader market volatility that can affect banks’ trading and fee revenue in the near term; leadership comments signaling a quick resolution could dampen the negative impact if confirmed. Speaker Johnson: ‘Confident’ government shutdown will end by Tuesday
• Neutral Sentiment: Industry crypto/regulatory stories (prosecutors questioning stablecoin law protections; banks and brokers adjusting crypto exposure) increase the chance of regulatory changes that could affect any bank businesses tied to digital assets, though Citi’s direct exposure appears limited compared with pure crypto players. Circle Says It Prioritizes ‘Financial Integrity’ As Prosecutors Reportedly Allege Stablecoin Law Allows Crypto Companies To Gain From Fraud Nomura temporarily reduces crypto exposure as Q3 profits drop
• Negative Sentiment: While EPS beat, Citigroup missed revenue expectations ($19.87B actual vs. $20.99B consensus), which highlights continuing top-line pressure and could cap upside if revenue trends don’t improve—investors will watch upcoming guidance and trading/IB fees.

Analysts Set New Price Targets

C has been the subject of several research analyst reports. Bank of America lifted their price objective on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Zacks Research upgraded Citigroup from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Wolfe Research reiterated an “outperform” rating and issued a $141.00 price objective on shares of Citigroup in a research note on Wednesday, January 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a report on Wednesday, January 21st. Finally, The Goldman Sachs Group upped their target price on shares of Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.56.

Citigroup Price Performance

Shares of NYSE:C opened at $116.25 on Tuesday. The company has a market capitalization of $208.01 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.74 and a beta of 1.18. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $124.17. The firm’s 50 day simple moving average is $114.00 and its two-hundred day simple moving average is $103.34. 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 (NYSE:C) last announced its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The firm had revenue of $19.87 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the prior year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, February 2nd. Citigroup’s payout ratio is presently 34.43%.

About Citigroup

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.