Capital Analysts LLC Lowers Position in Citigroup Inc. $C

Capital Analysts LLC decreased its position in shares of Citigroup Inc. (NYSE:C) by 23.9% during the second quarter, Holdings Channel reports. The fund owned 178,188 shares of the company’s stock after selling 55,893 shares during the period. Capital Analysts LLC’s holdings in Citigroup were worth $24,939,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in C. Whipplewood Advisors LLC bought a new stake in shares of Citigroup during the first quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. bought a new position in Citigroup in the fourth quarter worth $25,000. Paladin Partners LLC purchased a new position in Citigroup during the second quarter valued at $27,000. TD Capital Management LLC purchased a new position in Citigroup during the fourth quarter valued at $28,000. Finally, IMG Wealth Management Inc. boosted its holdings in shares of Citigroup by 197.6% during the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock valued at $28,000 after buying an additional 162 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s restructuring is reportedly improving operating performance, but its valuation has not fully reflected the potential benefits. This supports the view that efficiency gains and better returns could create additional upside for C. Citigroup’s Restructuring Is Working, And Valuation Has Not Caught Up
• Positive Sentiment: Citi and DBS completed a Singapore-to-U.S. dollar payment over SWIFT’s blockchain-based Digital Ledger during a weekend, settling the transaction in minutes. The milestone reinforces Citi’s technology leadership in cross-border payments and could improve its appeal to institutional clients. Citi and DBS Mark 1st Singapore-to-US Weekend Dollar Transaction
• Positive Sentiment: Citigroup may receive final approval for its wholly owned mainland China brokerage business as soon as September. The expansion would give Citi a larger role in China’s capital markets and broaden its long-term growth opportunities, although the bank plans to invest in additional staffing. C Nears China Brokerage License: Can Onshore Expansion Boost Growth?
• Neutral Sentiment: Citi’s market strategists expect semiconductor stocks to rebound and have become more constructive on selected trucking companies. These views could support broader financial-market activity and client trading, but they do not directly change Citigroup’s earnings outlook. After an 18% summer selloff in chip stocks, Citi asks what comes next
• Negative Sentiment: Analysts warn that capital-markets momentum is fading in the third quarter. Because investment banking, trading and underwriting are important contributors to large-bank results, weaker activity could pressure Citi’s near-term revenue and earnings expectations. Capital Markets Momentum Fades: What it Means for Big Banks in Q3

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on C. JPMorgan Chase & Co. increased their price target on shares of Citigroup from $135.50 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Weiss Ratings upgraded shares of Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, August 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $150.00 target price on shares of Citigroup in a research note on Wednesday, July 15th. UBS Group lowered their target price on shares of Citigroup from $150.00 to $142.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Finally, Zacks Research raised Citigroup from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $145.22.

Citigroup Price Performance

Shares of C opened at $136.64 on Wednesday. Citigroup Inc. has a twelve month low of $93.66 and a twelve month high of $147.96. The company has a market capitalization of $233.05 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 0.62 and a beta of 1.12. The firm has a 50 day moving average of $135.09 and a 200 day moving average of $127.86. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating the consensus estimate of $2.74 by $0.41. The business had revenue of $24.77 billion for the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $1.96 EPS. As a group, equities research analysts anticipate that Citigroup Inc. will post 11.21 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.67 per share. The ex-dividend date was Monday, August 3rd. This represents a $2.68 annualized dividend and a yield of 2.0%. This is an increase from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s dividend payout ratio (DPR) is currently 28.94%.

About Citigroup

Citigroup Inc (NYSE:C) is a global financial services company headquartered in New York City. Through its businesses, Citi provides banking, lending, credit card, wealth management, investment banking, securities, markets and treasury services to individuals, businesses, financial institutions and governments.

The company’s operations include U.S. Personal Banking, which offers consumer banking, credit cards and lending products; Wealth Management, which serves affluent and high-net-worth clients; and its Institutional Clients Group, which provides investment banking, corporate banking, markets, securities services and transaction banking.