Thompson Investment Management Inc. Trims Stake in Citigroup Inc. $C

Thompson Investment Management Inc. lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 5.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 146,436 shares of the company’s stock after selling 7,653 shares during the period. Citigroup accounts for 2.0% of Thompson Investment Management Inc.’s portfolio, making the stock its 5th largest position. Thompson Investment Management Inc.’s holdings in Citigroup were worth $14,863,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in C. Truvestments Capital LLC boosted its position in shares of Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares during the last quarter. Howard Hughes Medical Institute bought a new position in Citigroup during the second quarter worth about $34,000. DHJJ Financial Advisors Ltd. grew its position in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after buying an additional 253 shares during the period. WPG Advisers LLC bought a new stake in shares of Citigroup in the 1st quarter valued at about $38,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Citigroup in the 2nd quarter valued at approximately $38,000. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

C has been the subject of a number of analyst reports. Barclays boosted their price objective on shares of Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. JPMorgan Chase & Co. upgraded shares of Citigroup from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $107.00 to $124.00 in a research report on Friday, December 12th. Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.50.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Regulatory relief, progress on the Banamex stake sale and growing turnaround optimism are boosting Citi’s valuation narrative — investors view these developments as freeing capital and reducing legacy overhang, supporting a re-rate. Citigroup (C): Valuation Check After Regulatory Relief, Banamex Stake Sale Progress and Turnaround Optimism
• Positive Sentiment: Analyst coverage notes Citi can benefit from an eventual Fed easing cycle — lower funding costs and stronger loan demand would help net interest margins and fee income across big banks, giving Citi upside if macro shifts as expected. The Zacks Analyst Blog Wells Fargo, Bank of America and Citigroup
• Positive Sentiment: Recent sessions showed Citi outperforming peers on bouts of buying interest, indicating pockets of accumulation from traders expecting the turnaround story to play out. Citigroup Inc. stock outperforms competitors on strong trading day
• Neutral Sentiment: Market-support readings and technicals are mixed — some analyses flag that Citi’s momentum indicators and short-interest/market-structure signals leave room for consolidation instead of a clean breakout. Is Citigroup Inc Gaining or Losing Market Support?
• Negative Sentiment: Execution risk and headline sensitivity remain — delays or a smaller-than-expected Banamex sale, plus below-average trading volume and profit-taking after a strong run, can pressure the stock even with positive fundamentals. (Related coverage on the Banamex/regulatory story above.)

Citigroup Stock Performance

C opened at $120.40 on Friday. The company has a market capitalization of $215.42 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 0.60 and a beta of 1.21. The business’s 50-day moving average price is $105.08 and its two-hundred day moving average price is $97.18. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $122.84. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. During the same period in the prior year, the firm earned $1.51 earnings per share. Citigroup’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is currently 33.71%.

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.