Citigroup Inc. $C Stock: Waycross Partners LLC Reduces Stake

Waycross Partners LLC reduced its stake in shares of Citigroup Inc. (NYSE:C) by 97.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,730 shares of the company’s stock after selling 300,765 shares during the quarter. Waycross Partners LLC’s holdings in Citigroup were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in shares of Citigroup in the second quarter worth $3,244,602,000. Nykredit A S purchased a new position in Citigroup during the second quarter valued at $458,275,000. State Street Corp grew its stake in Citigroup by 3.7% during the second quarter. State Street Corp now owns 80,956,349 shares of the company’s stock valued at $11,199,986,000 after acquiring an additional 2,913,701 shares in the last quarter. SEB Asset Management AB bought a new stake in Citigroup in the 1st quarter valued at $252,972,000. Finally, OMERS ADMINISTRATION Corp increased its holdings in Citigroup by 1,137.1% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 1,840,374 shares of the company’s stock valued at $257,579,000 after acquiring an additional 1,691,611 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. HSBC initiated coverage on shares of Citigroup in a research note on Monday, September 28th. They issued a “buy” rating and a $164.00 price target on the stock. Truist Financial reduced their target price on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Evercore set a $135.00 price target on Citigroup in a report on Wednesday, October 14th. Wall Street Zen raised Citigroup from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Argus set a $150.00 price objective on Citigroup in a research note on Wednesday, July 15th. One research 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 company. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.87.

Citigroup Trading Up 0.6%

C traded up $0.71 on Friday, hitting $119.16. The company had a trading volume of 12,241,255 shares, compared to its average volume of 9,474,690. The business’s fifty day simple moving average is $128.92 and its 200 day simple moving average is $126.60. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. Citigroup Inc. has a 12-month low of $95.83 and a 12-month high of $147.96. The company has a market cap of $203.24 billion, a PE ratio of 11.63, a PEG ratio of 0.54 and a beta of 1.18.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.19. The business had revenue of $23.84 billion for 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 company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.86 earnings per share. Equities research analysts expect that Citigroup Inc. will post 11.44 EPS for the current year.

Citigroup Announces Dividend

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

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup and DBS are competing to recruit talent for their India operations, including expansion tied to GIFT City. The hiring push points to investment in the region’s growth potential, though the articles do not quantify its expected financial impact. Citigroup, DBS vie for top talent to boost business in India hub
• Positive Sentiment: CEO Jane Fraser said she does not expect the market correction to become deeper or last longer, which may help reassure investors after the recent sell-off. This is a view on the broader market, not a change to Citi’s outlook. Citigroup CEO Jane Fraser on the market correction
• Neutral Sentiment: Citi named Circle its top pick in regulated stablecoins and digital payments. The call reflects Citi’s research activity, but Circle—not Citigroup—is the stock being recommended, so it is not a direct earnings catalyst for C. Citi Names Top Stock in Stablecoin and Digital Payments Space
• Negative Sentiment: Citigroup shares had a sharp decline in the prior session amid a volatile market. The broader backdrop remains uncertain, with post-election policy potentially slowing bank deregulation and increasing scrutiny of financial firms. Citigroup’s recent price decline Midterm election results and financial stocks
• Negative Sentiment: Citi’s strategists say the AI trade could remain under pressure and currently favor European equities over U.S. stocks. That cautious view may weigh on broader market sentiment, though it is not specific to Citi’s own fundamentals. Citi explains why the AI trade may remain under pressure

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City. Founded in 1812 as the City Bank of New York, it has grown into an international banking organization serving individuals, businesses, governments and institutions.

The company provides consumer banking and wealth management services, including deposits, lending, credit cards and investment services. For corporate and institutional clients, Citi offers transaction banking, treasury and trade solutions, securities services, investment banking, and markets and financing services.

Citi serves clients across the United States and a broad range of international markets, drawing on its global network to support cross-border business and financial activity.