Citigroup Inc. $C Stock: Fort Washington Investment Advisors Inc. OH Grows Stake

Fort Washington Investment Advisors Inc. OH increased its position in shares of Citigroup Inc. (NYSE:C) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 489,281 shares of the company’s stock after acquiring an additional 5,517 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Citigroup were worth $63,352,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in C. Compass Financial Management LLC bought a new stake in shares of Citigroup during the 2nd quarter valued at $898,000. Andra AP fonden increased its holdings in Citigroup by 22.3% in the second quarter. Andra AP fonden now owns 274,600 shares of the company’s stock valued at $38,433,000 after purchasing an additional 50,100 shares during the last quarter. Saudi Central Bank grew its holdings in Citigroup by 80.8% during the second quarter. Saudi Central Bank now owns 119,392 shares of the company’s stock valued at $16,710,000 after purchasing an additional 53,348 shares during the period. Vestor Capital LLC grew its holdings in Citigroup by 4,918,233.3% during the first quarter. Vestor Capital LLC now owns 295,100 shares of the company’s stock valued at $33,467,000 after purchasing an additional 295,094 shares during the period. Finally, Raiffeisen Bank International AG grew its holdings in Citigroup by 12.9% during the second quarter. Raiffeisen Bank International AG now owns 103,220 shares of the company’s stock valued at $14,708,000 after purchasing an additional 11,812 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on C shares. TD Cowen cut their target price on shares of Citigroup from $150.00 to $148.00 and set a “buy” rating on the stock in a report on Wednesday. Oppenheimer lowered shares of Citigroup from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Weiss Ratings downgraded Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. Argus set a $150.00 price target on Citigroup in a report on Wednesday, July 15th. Finally, Evercore set a $135.00 price objective on Citigroup in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average target price of $150.79.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q3 earnings beat expectations. Citigroup reported $2.85 in earnings per share versus the $2.66 consensus, while revenue rose 7.9% year over year to approximately $23.85 billion. Net income increased 40% to $5.2 billion, supported by 15% growth in both Services and Wealth revenue. Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
• Positive Sentiment: Management raised its profitability outlook and increased shareholder returns. Citi cited strong Services growth, AI-related efficiencies and disciplined capital deployment, while also raising its dividend and expanding buybacks. The bank returned about $4.1 billion to shareholders during the quarter. Citigroup Q3 Earnings Call Highlights Higher Return Outlook and AI Gains
• Positive Sentiment: Banamex separation and a potential IPO could unlock value. Citigroup is reportedly preparing to fully spin off its former Mexican consumer-banking business, with an initial public offering targeted for early 2027. Completing the separation could simplify Citi’s portfolio and provide proceeds or a valuation reference for the asset. Banamex Leadership Pitches Turnaround Ahead of Targeted Citi IPO
• Neutral Sentiment: Citi expects a 25-basis-point Federal Reserve rate increase in December. Higher rates could support net interest income, but Citi also expects rates to remain elevated until at least mid-2027, increasing pressure on borrowers and the broader economy. Global Market: Citi Expects Fed to Raise Rates
• Negative Sentiment: Investors questioned the durability of the beat. Trading and investment-banking activity softened sequentially, management warned that fourth-quarter trading revenue could decline, credit-loss provisions increased and analysts cut price targets. Elevated put-option activity and concerns about weaker capital ratios added to the cautious tone. Citi Stock Falls Despite Earnings Beat: What Investors Need to Know

Citigroup Trading Down 1.6%

Shares of NYSE:C opened at $122.53 on Thursday. The company’s 50-day moving average price is $133.16 and its two-hundred day moving average price is $131.71. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 0.99. Citigroup Inc. has a one year low of $95.00 and a one year high of $147.96. The stock has a market capitalization of $208.99 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.55 and a beta of 1.13.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.19. The company had revenue of $23.84 billion during the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 EPS. On average, equities analysts forecast that Citigroup Inc. will post 11.19 EPS for the current fiscal year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were given a dividend of $0.67 per share. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.68 annualized dividend and a dividend yield of 2.2%. Citigroup’s payout ratio is presently 28.94%.

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City and listed on the New York Stock Exchange under the symbol C. Through its subsidiaries and businesses, Citi provides banking, lending, investment, payments, wealth management and other financial services to consumers, businesses, governments and institutional clients.

Citi’s principal businesses include Services, which supports institutional clients with treasury, trade, securities services and related solutions; Markets, which provides sales, trading, research and financing services; Banking, which offers investment banking and corporate banking; and Wealth, which provides private banking and wealth management.