Citigroup Inc. $C Position Trimmed by Heritage Investors Management Corp

Heritage Investors Management Corp reduced its holdings in shares of Citigroup Inc. (NYSE:C) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 262,153 shares of the company’s stock after selling 10,173 shares during the period. Citigroup makes up 1.0% of Heritage Investors Management Corp’s investment portfolio, making the stock its 29th largest holding. Heritage Investors Management Corp’s holdings in Citigroup were worth $33,944,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Paladin Partners LLC purchased a new stake in shares of Citigroup in the second quarter valued at about $27,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Citigroup during the second quarter worth about $29,000. Balance Wealth Partners LLC acquired a new stake in shares of Citigroup during the third quarter worth about $27,000. Whipplewood Advisors LLC purchased a new position in shares of Citigroup during the first quarter worth about $25,000. Finally, Center for Financial Planning Inc. grew its holdings in shares of Citigroup by 78.7% during the third quarter. Center for Financial Planning Inc. now owns 243 shares of the company’s stock worth $31,000 after buying an additional 107 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Debt redemption may improve funding flexibility. Citibank, N.A., Citigroup’s principal banking subsidiary, announced the full redemption of $2 billion of 5.488% notes due 2026 and $500 million of floating-rate notes due 2026. Retiring the obligations could reduce future interest expense and refinancing needs, although it also uses $2.5 billion of cash. Citibank Announces $2 Billion Redemption of Notes
• Positive Sentiment: Recent operating trends remain supportive. Citigroup’s latest reported quarter exceeded consensus estimates on earnings and revenue, while management raised its 2026 return-on-tangible-common-equity target above 11%, improved its net-interest-income outlook, increased the dividend and authorized a new $30 billion buyback. These measures provide potential support for earnings per share and shareholder returns. Citigroup Could Be Undervalued
• Neutral Sentiment: Options activity signals volatility, not direction. Recent options-market activity indicates traders are positioning for a potentially large move in C stock, but the available report does not establish whether investors are predominantly bullish or bearish. Options Traders Betting on a Big Move in Citigroup Stock
• Negative Sentiment: Technical weakness is offsetting the fundamental positives. Shares remain below both their 50-day and 200-day moving averages after a recent pullback. That positioning can encourage short-term selling and profit-taking, particularly while investors await a clearer catalyst beyond the buyback, dividend and guidance upgrades.

Analyst Ratings Changes

C has been the topic of several recent research reports. Bank of America boosted 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. Royal Bank Of Canada lowered their target price on Citigroup from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 14th. Argus set a $150.00 target price on Citigroup in a report on Wednesday, July 15th. TD Cowen dropped their target price on Citigroup from $150.00 to $148.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. Finally, Weiss Ratings cut Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $150.87.

Citigroup Price Performance

Shares of NYSE:C opened at $122.62 on Monday. 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 $209.14 billion, a P/E ratio of 11.96, a PEG ratio of 0.54 and a beta of 1.18. Citigroup Inc. has a 52 week low of $95.83 and a 52 week high of $147.96. The company has a 50-day moving average price of $130.02 and a 200 day moving average price of $126.44.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $23.74 billion. During the same quarter in the previous year, the company earned $1.86 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts predict that Citigroup Inc. will post 11.44 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 2nd will be issued a $0.67 dividend. This represents a $2.68 annualized dividend 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 currently 26.15%.

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.