HBW Advisory Services LLC Sells 8,827 Shares of Citigroup Inc. $C

HBW Advisory Services LLC lowered its position in shares of Citigroup Inc. (NYSE:C) by 31.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,277 shares of the company’s stock after selling 8,827 shares during the period. HBW Advisory Services LLC’s holdings in Citigroup were worth $2,496,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH raised its position in Citigroup by 1.1% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 489,281 shares of the company’s stock valued at $63,352,000 after purchasing an additional 5,517 shares during the last quarter. VMS Asset Management Limited bought a new stake in shares of Citigroup in the 3rd quarter worth approximately $3,870,000. B.A. Schrock Wealth Management Inc. bought a new position in Citigroup in the 3rd quarter worth $4,688,000. Howard Financial Services LTD. boosted its stake in shares of Citigroup by 33.3% during the 3rd quarter. Howard Financial Services LTD. now owns 3,274 shares of the company’s stock valued at $424,000 after purchasing an additional 817 shares in the last quarter. Finally, Ashurst Perkins Coie Trust Co bought a new stake in shares of Citigroup during the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 1.6%

Shares of NYSE C opened at $122.53 on Thursday. Citigroup Inc. has a 1 year low of $95.00 and a 1 year high of $147.96. The stock has a market cap of $208.99 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 0.55 and a beta of 1.13. The firm has a 50-day moving average of $133.16 and a 200 day moving average of $131.71. 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 posted its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.66 by $0.19. The business had revenue of $23.84 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. Citigroup’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.86 earnings per share. As a group, sell-side analysts expect that Citigroup Inc. will post 11.19 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.67 per share. The ex-dividend date was Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a dividend yield of 2.2%. Citigroup’s dividend payout ratio (DPR) is 28.94%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Truist Financial lowered their price objective on shares of Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. UBS Group set a $148.00 price objective on Citigroup in a research report on Wednesday. HSBC started coverage on Citigroup in a report on Monday, September 28th. They set a “buy” rating and a $164.00 target price on the stock. Finally, Royal Bank Of Canada decreased their target price on Citigroup from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday. One investment 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $150.79.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q3 earnings beat expectations. Citigroup reported $2.85 in earnings per share versus the $2.66 consensus, while revenue rose 7.9% year over year to approximately $23.85 billion. Net income increased 40% to $5.2 billion, supported by 15% growth in both Services and Wealth revenue. Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
• Positive Sentiment: Management raised its profitability outlook and increased shareholder returns. Citi cited strong Services growth, AI-related efficiencies and disciplined capital deployment, while also raising its dividend and expanding buybacks. The bank returned about $4.1 billion to shareholders during the quarter. Citigroup Q3 Earnings Call Highlights Higher Return Outlook and AI Gains
• Positive Sentiment: Banamex separation and a potential IPO could unlock value. Citigroup is reportedly preparing to fully spin off its former Mexican consumer-banking business, with an initial public offering targeted for early 2027. Completing the separation could simplify Citi’s portfolio and provide proceeds or a valuation reference for the asset. Banamex Leadership Pitches Turnaround Ahead of Targeted Citi IPO
• Neutral Sentiment: Citi expects a 25-basis-point Federal Reserve rate increase in December. Higher rates could support net interest income, but Citi also expects rates to remain elevated until at least mid-2027, increasing pressure on borrowers and the broader economy. Global Market: Citi Expects Fed to Raise Rates
• Negative Sentiment: Investors questioned the durability of the beat. Trading and investment-banking activity softened sequentially, management warned that fourth-quarter trading revenue could decline, credit-loss provisions increased and analysts cut price targets. Elevated put-option activity and concerns about weaker capital ratios added to the cautious tone. Citi Stock Falls Despite Earnings Beat: What Investors Need to Know

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City and listed on the New York Stock Exchange under the symbol C. Through its subsidiaries and businesses, Citi provides banking, lending, investment, payments, wealth management and other financial services to consumers, businesses, governments and institutional clients.

Citi’s principal businesses include Services, which supports institutional clients with treasury, trade, securities services and related solutions; Markets, which provides sales, trading, research and financing services; Banking, which offers investment banking and corporate banking; and Wealth, which provides private banking and wealth management.