Citigroup Inc. $C Shares Newly Bought by NBT Bank N.A.

NBT Bank N.A. acquired a new position in Citigroup Inc. (NYSE:C) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,718 shares of the company’s stock, valued at approximately $611,000.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC raised its stake in Citigroup by 37.7% in the 3rd quarter. Root Financial Partners LLC now owns 7,611 shares of the company’s stock valued at $985,000 after purchasing an additional 2,083 shares during the last quarter. Carter Financial Group INC. lifted its holdings in Citigroup by 14.8% in the 3rd quarter. Carter Financial Group INC. now owns 3,966 shares of the company’s stock valued at $513,000 after purchasing an additional 512 shares in the last quarter. Boothe Investment Group Inc. boosted its stake in Citigroup by 5.9% during the 3rd quarter. Boothe Investment Group Inc. now owns 82,794 shares of the company’s stock worth $10,720,000 after purchasing an additional 4,629 shares during the last quarter. E. Ohman J or Asset Management AB boosted its stake in Citigroup by 3.2% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 61,678 shares of the company’s stock worth $7,986,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Obermeyer Wealth Partners boosted its stake in Citigroup by 38.8% during the 3rd quarter. Obermeyer Wealth Partners now owns 3,474 shares of the company’s stock worth $450,000 after purchasing an additional 971 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on C shares. HSBC began coverage on shares of Citigroup in a report on Monday, September 28th. They set a “buy” rating and a $164.00 target price for the company. Bank of America raised their price target on shares of Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Loop Capital set a $155.00 price objective on shares of Citigroup in a report on Tuesday, October 13th. Weiss Ratings lowered Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Finally, Morgan Stanley boosted their price objective on Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.79.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: China’s securities regulator approved Citi’s plan to establish a wholly owned onshore securities business. The approval expands Citigroup’s ability to serve Chinese capital-markets clients and removes a nearly five-year regulatory hurdle. Citigroup Wins Approval for Wholly Owned China Brokerage
• Positive Sentiment: Erste Group Bank raised its Citigroup EPS forecasts to $11.35 for fiscal 2026 and $12.89 for fiscal 2027, signaling improved expectations for future profitability. Citigroup earnings estimate update
• Positive Sentiment: Citi arranged a $3.5 billion senior secured financing facility for AI-cloud company Nebius. The transaction should generate fees and highlights Citi’s role in funding the expansion of artificial-intelligence infrastructure. Nebius secures $3.5 billion financing facility with Citi
• Positive Sentiment: Citi completed a $72 million bond tied to carbon-removal credits for a Texas biochar project, supporting its sustainable-finance credentials and potential investment-banking revenue. Citi closes $72 million biochar bond
• Neutral Sentiment: Citigroup elected James Flanagan as an independent director. The appointment modestly strengthens board oversight but is unlikely to materially change near-term earnings expectations. Citigroup elects James Flanagan as independent director
• Negative Sentiment: September credit-card delinquencies and net losses increased sequentially while receivables declined. The deterioration raises concerns about asset quality, provisions and the sustainability of consumer-banking earnings growth. Citi’s September card delinquencies rise

Citigroup Stock Down 1.5%

Shares of NYSE C opened at $120.66 on Friday. The company has a market capitalization of $205.80 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.54 and a beta of 1.13. Citigroup Inc. has a 1 year low of $95.83 and a 1 year high of $147.96. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 0.99. The company has a 50 day simple moving average of $131.23 and a 200-day simple moving average of $132.08.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.19. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The company had revenue of $23.84 billion during the quarter, compared to analysts’ expectations of $23.74 billion. During the same quarter last year, the firm earned $1.86 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts predict that Citigroup Inc. will post 11.44 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 2nd will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 2nd. Citigroup’s dividend payout ratio (DPR) is presently 26.15%.

Citigroup Company 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.