Citigroup Inc. $C Stock Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its holdings in Citigroup Inc. (NYSE:C) by 1.3% during the third quarter, Holdings Channel.com reports. The firm owned 468,282 shares of the company’s stock after acquiring an additional 5,905 shares during the quarter. Citigroup accounts for about 0.7% of Crossmark Global Holdings Inc.’s portfolio, making the stock its 19th biggest position. Crossmark Global Holdings Inc.’s holdings in Citigroup were worth $60,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Albion Financial Group UT grew its holdings in shares of Citigroup by 6.1% in the 3rd quarter. Albion Financial Group UT now owns 142,865 shares of the company’s stock valued at $18,498,000 after acquiring an additional 8,190 shares in the last quarter. Schuylkill Financial LLC increased its position in shares of Citigroup by 3.1% in the third quarter. Schuylkill Financial LLC now owns 7,400 shares of the company’s stock valued at $958,000 after acquiring an additional 222 shares during the last quarter. Sterling Manor Financial LLC acquired a new stake in shares of Citigroup in the third quarter valued at about $272,000. Sowell Financial Services LLC raised its holdings in Citigroup by 5.5% during the third quarter. Sowell Financial Services LLC now owns 12,831 shares of the company’s stock worth $1,661,000 after acquiring an additional 664 shares in the last quarter. Finally, Atticus Wealth Management LLC raised its holdings in Citigroup by 7.5% during the third quarter. Atticus Wealth Management LLC now owns 2,144 shares of the company’s stock worth $278,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

C has been the subject of several recent research reports. Bank of America increased their price target on Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Truist Financial lowered their price target on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Royal Bank Of Canada dropped their price objective on Citigroup from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 14th. JPMorgan Chase & Co. dropped their price objective on Citigroup from $149.00 to $147.00 and set an “overweight” rating on the stock in a research note on Friday, October 2nd. Finally, Oppenheimer downgraded Citigroup from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average price target of $150.79.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Morgan Stanley views the post-earnings selloff as excessive. The firm reportedly sees approximately 32% upside for Citigroup, arguing that the roughly 6% decline after earnings was not justified. The bullish view could help support a rebound in C shares. Morgan Stanley says Citigroup’s post-earnings drop is unjustified
• Positive Sentiment: Citigroup declared a quarterly dividend of $0.67 per share. The payment is scheduled for November 25 for shareholders of record on November 2, representing an annualized dividend of $2.68 and a yield of roughly 2.2%. The continued payout reinforces the bank’s shareholder-return appeal. Citigroup Declares Common Stock Dividend
• Positive Sentiment: Citi is expanding its commercial and advertising capabilities through Citi Commerce Media. The initiative uses transaction insights to help advertisers predict consumer purchases, potentially creating a new fee and data-related revenue opportunity, although the financial impact is not yet quantified. Advertisers Should Stop Chasing Customers, Start Predicting Purchases: Citi’s Mike Venable
• Neutral Sentiment: Citigroup remains involved in strategic discussions over access to China’s financial market and is reorganizing its artificial-intelligence leadership. Progress on market permissions or AI capabilities could improve long-term growth, but the reports provide no immediate earnings impact. What Is Citigroup Signaling With China Talks And Its AI Reset?
• Neutral Sentiment: Citigroup disclosed that its stake in Solvay crossed 3%. The investment is unlikely to materially affect Citigroup’s valuation or near-term operating results. Citigroup Lifts Stake Above 3% in Solvay

Citigroup Trading Up 1.1%

Shares of Citigroup stock opened at $123.85 on Thursday. 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 business has a fifty day simple moving average of $131.93 and a two-hundred day simple moving average of $132.11. Citigroup Inc. has a 1 year low of $95.00 and a 1 year high of $147.96. The company has a market capitalization of $211.24 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 0.54 and a beta of 1.13.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.66 by $0.19. The firm had revenue of $23.84 billion for 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 previous year, the company earned $1.86 earnings per share. Research analysts forecast that Citigroup Inc. will post 11.42 EPS for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 2nd will be paid 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 is Monday, November 2nd. Citigroup’s dividend payout ratio (DPR) is currently 26.15%.

About Citigroup

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.