50,080 Shares in Citigroup Inc. $C Bought by KRS Capital Management LLC

KRS Capital Management LLC acquired a new position in Citigroup Inc. (NYSE:C) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 50,080 shares of the company’s stock, valued at approximately $59,000.

Several other institutional investors have also recently bought and sold shares of C. Whipplewood Advisors LLC bought a new position in Citigroup in the 1st quarter valued at $25,000. Paladin Partners LLC acquired a new stake in shares of Citigroup in the 2nd quarter valued at $27,000. IMG Wealth Management Inc. raised its position in shares of Citigroup by 197.6% during the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after acquiring an additional 162 shares during the last quarter. Scarborough Advisors LLC bought a new stake in shares of Citigroup during the first quarter worth $29,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in shares of Citigroup during the second quarter valued at $29,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

C stock opened at $124.36 on Friday. Citigroup Inc. has a twelve month low of $95.00 and a twelve month high of $147.96. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. The company has a market cap 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. The business’s fifty day moving average is $132.74 and its 200-day moving average is $131.77.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.19. The business had revenue of $23.84 billion during the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.86 earnings per share. Equities research analysts forecast that Citigroup Inc. will post 11.39 EPS for the current year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, August 3rd. This is an increase from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s dividend payout ratio is presently 26.15%.

Analyst Ratings Changes

Several equities analysts recently issued reports on C shares. Morgan Stanley raised their price target on Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Argus set a $150.00 price objective on Citigroup in a research report on Wednesday, July 15th. Bank of America boosted their price objective on Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Royal Bank Of Canada dropped their price objective on Citigroup from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, UBS Group set a $148.00 target price on shares of Citigroup in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.79.

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 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.