Heritage Investors Management Corp Reduces Holdings in Citigroup Inc. $C

Heritage Investors Management Corp reduced its position in Citigroup Inc. (NYSE:C) by 3.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 304,576 shares of the company’s stock after selling 11,091 shares during the period. Citigroup accounts for about 0.9% of Heritage Investors Management Corp’s holdings, making the stock its 29th biggest holding. Heritage Investors Management Corp’s holdings in Citigroup were worth $30,914,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brookstone Capital Management lifted its holdings in shares of Citigroup by 31.5% in the 3rd quarter. Brookstone Capital Management now owns 75,914 shares of the company’s stock valued at $7,705,000 after buying an additional 18,176 shares during the period. Permanent Capital Management LP acquired a new stake in Citigroup in the third quarter valued at $1,238,000. Penobscot Investment Management Company Inc. boosted its position in shares of Citigroup by 61.5% during the 3rd quarter. Penobscot Investment Management Company Inc. now owns 57,033 shares of the company’s stock worth $5,789,000 after purchasing an additional 21,720 shares in the last quarter. Perigon Wealth Management LLC grew its stake in shares of Citigroup by 27.2% during the 3rd 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, Keystone Financial Services purchased a new position in shares of Citigroup in the 2nd quarter valued at about $216,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on C. TD Cowen reaffirmed a “hold” rating on shares of Citigroup in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, January 21st. Bank of America boosted their target price on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Wells Fargo & Company set a $150.00 price target on Citigroup in a research report on Monday, January 5th. Finally, Oppenheimer boosted their price objective on shares of Citigroup from $141.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $125.56.

Citigroup News Roundup

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.

Citigroup Stock Up 0.5%

Shares of NYSE:C opened at $116.25 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. 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 52-week low of $55.51 and a 52-week high of $124.17. The stock’s fifty day simple moving average is $114.00 and its 200-day simple moving average is $103.34.

Citigroup (NYSE:C) last announced its earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $20.99 billion. During the same quarter in the previous year, the company posted $1.34 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

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