Worth Asset Management LLC Purchases Shares of 16,816 Citigroup Inc. $C

Worth Asset Management LLC acquired a new position in Citigroup Inc. (NYSE:C) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,816 shares of the company’s stock, valued at approximately $1,707,000. Citigroup makes up 0.8% of Worth Asset Management LLC’s investment portfolio, making the stock its 28th biggest holding.

Several other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC lifted its position in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after buying an additional 246 shares during the last quarter. Howard Hughes Medical Institute purchased a new position in shares of Citigroup during the second quarter worth approximately $34,000. DHJJ Financial Advisors Ltd. raised its stake in shares of Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after acquiring an additional 253 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of Citigroup in the 1st quarter worth approximately $38,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Citigroup in the 2nd quarter valued at $38,000. 71.72% of the stock is currently owned by institutional investors.

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 Trading Down 1.0%

NYSE:C opened at $120.40 on Friday. The company has a 50-day moving average price of $105.08 and a 200-day moving average price of $97.18. The stock has a market cap 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 company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $122.84.

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

Citigroup Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on C shares. Barclays increased their target price on Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Keefe, Bruyette & Woods increased their price objective on Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. JPMorgan Chase & Co. upgraded shares of Citigroup from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $107.00 to $124.00 in a report on Friday, December 12th. Dbs Bank downgraded shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Wolfe Research reiterated an “outperform” rating and set a $121.00 price target on shares of Citigroup in a report on Wednesday, December 17th. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.50.

Citigroup 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.