Simplicity Wealth LLC Buys 4,871 Shares of Citigroup Inc. $C

Simplicity Wealth LLC increased its stake in Citigroup Inc. (NYSE:C) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,980 shares of the company’s stock after buying an additional 4,871 shares during the quarter. Simplicity Wealth LLC’s holdings in Citigroup were worth $10,784,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CFS Investment Advisory Services LLC raised its stake in shares of Citigroup by 0.4% in the first quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock valued at $2,336,000 after acquiring an additional 79 shares during the period. Grove Bank & Trust lifted its holdings in shares of Citigroup by 1.8% in the 3rd quarter. Grove Bank & Trust now owns 4,549 shares of the company’s stock worth $589,000 after acquiring an additional 79 shares during the last quarter. American Trust boosted its stake in shares of Citigroup by 3.6% during the 2nd quarter. American Trust now owns 2,331 shares of the company’s stock worth $326,000 after purchasing an additional 80 shares during the period. Invst LLC boosted its stake in shares of Citigroup by 0.8% during the 2nd quarter. Invst LLC now owns 9,601 shares of the company’s stock worth $1,344,000 after purchasing an additional 80 shares during the period. Finally, Tsfg LLC boosted its stake in shares of Citigroup by 4.9% during the 2nd quarter. Tsfg LLC now owns 1,701 shares of the company’s stock worth $238,000 after purchasing an additional 80 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Down 1.5%

NYSE:C opened at $120.66 on Friday. Citigroup Inc. has a 1-year low of $95.83 and a 1-year high of $147.96. The company has a 50-day moving average of $131.23 and a 200 day moving average of $132.08. The firm has a market cap of $205.80 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 0.53 and a beta of 1.13. 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 (NYSE:C) last issued 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 net margin of 10.97% and a return on equity of 10.57%. The company had revenue of $23.84 billion for the quarter, compared to analysts’ expectations of $23.74 billion. During the same period in the prior year, the business earned $1.86 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, research analysts anticipate that Citigroup Inc. will post 11.44 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, November 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.2%. Citigroup’s dividend payout ratio (DPR) is currently 26.15%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. HSBC started coverage on shares of Citigroup in a report on Monday, September 28th. They set a “buy” rating and a $164.00 price target on the stock. Morgan Stanley raised their price objective on shares of Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Loop Capital set a $155.00 target price on Citigroup in a research report on Tuesday, October 13th. Oppenheimer cut Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Finally, Argus set a $150.00 price target on Citigroup in a report on Wednesday, July 15th. 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. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $150.79.

More Citigroup News

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 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.