Citigroup Inc. $C Shares Sold by Adams Asset Advisors LLC

Adams Asset Advisors LLC lowered its stake in shares of Citigroup Inc. (NYSE:C) by 3.6% during the third quarter, HoldingsChannel.com reports. The firm owned 143,020 shares of the company’s stock after selling 5,274 shares during the period. Citigroup comprises approximately 1.7% of Adams Asset Advisors LLC’s holdings, making the stock its 14th biggest holding. Adams Asset Advisors LLC’s holdings in Citigroup were worth $18,518,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in shares of Citigroup during the first quarter worth $25,000. Paladin Partners LLC acquired a new stake in Citigroup during the 2nd quarter valued at $27,000. TD Capital Management LLC purchased a new stake in Citigroup during the 4th quarter worth $28,000. IMG Wealth Management Inc. increased its stake in Citigroup by 197.6% during the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after buying an additional 162 shares during the period. Finally, Scarborough Advisors LLC acquired a new position in Citigroup in the 1st quarter worth $29,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Shares of NYSE C traded up $0.64 during trading on Thursday, reaching $127.96. The stock had a trading volume of 7,902,918 shares, compared to its average volume of 12,474,080. Citigroup Inc. has a one year low of $93.66 and a one year high of $147.96. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $218.24 billion, a PE ratio of 13.82, a P/E/G ratio of 0.57 and a beta of 1.13. The firm’s 50 day moving average price is $133.89 and its two-hundred day moving average price is $131.18.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The firm had revenue of $24.77 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the previous year, the company posted $1.96 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. On average, research analysts forecast that Citigroup Inc. will post 11.19 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were issued a $0.67 dividend. This is a boost from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.68 annualized dividend and a dividend yield of 2.1%. Citigroup’s dividend payout ratio (DPR) is presently 28.94%.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: TD Cowen initiated coverage with a Buy rating and a $150 price target, implying substantial upside from recent trading levels. The firm’s bullish view adds fresh institutional support to the stock. Benzinga analyst coverage report
• Positive Sentiment: Investors are positioning ahead of third-quarter results, which are expected to benefit from higher net interest income and market-related revenue. Cost controls, capital returns and progress on Citi’s restructuring will be important earnings catalysts. Zacks Q3 earnings preview
• Positive Sentiment: Several analysts and financial publications argue that Citi’s transformation could drive a valuation rerating. Estimates suggest the stock could gain roughly 28% to 30% if it trades closer to larger banking peers, while the company’s current valuation remains relatively inexpensive. Barron’s Citigroup valuation analysis
• Positive Sentiment: Citi’s expanded collaboration with Coinbase and connection of its payments network to stablecoin infrastructure could create longer-term growth opportunities in corporate payments, digital assets and e-commerce. Citi also expanded the use of ThankYou points through Xsolla, potentially increasing cardmember engagement. Citi and Coinbase stablecoin partnership
• Neutral Sentiment: Analyst views are constructive but not unanimous: Autonomous Research trimmed its target to $146 while maintaining Outperform, and UBS reduced its target to $139. These targets still exceed recent trading levels but signal expectations for more moderate upside. Autonomous Research price-target update
• Negative Sentiment: Spiking Treasury yields are creating broader pressure for banks ahead of earnings. Although higher rates can support lending income, rapid yield increases may hurt bond portfolios, funding costs, credit conditions and investment-banking activity. Zacks banking-sector analysis

Analysts Set New Price Targets

Several analysts have recently weighed in on C shares. Wall Street Zen downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Argus set a $150.00 price objective on Citigroup in a research note on Wednesday, July 15th. Royal Bank Of Canada restated an “outperform” rating and set a $150.00 price objective on shares of Citigroup in a report on Wednesday, July 15th. Bank of America raised their price target on shares of Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.28.

Citigroup 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.