Oppenheimer Asset Management Inc. Sells 335,550 Shares of Citigroup Inc. $C

Oppenheimer Asset Management Inc. lessened its position in shares of Citigroup Inc. (NYSE:C) by 26.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 917,208 shares of the company’s stock after selling 335,550 shares during the quarter. Citigroup comprises about 1.0% of Oppenheimer Asset Management Inc.’s investment portfolio, making the stock its 11th biggest holding. Oppenheimer Asset Management Inc.’s holdings in Citigroup were worth $93,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of C. Wolff Wiese Magana LLC raised its stake in Citigroup by 87.6% during the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after purchasing an additional 120 shares in the last quarter. Guerra Advisors Inc bought a new stake in shares of Citigroup in the 3rd quarter worth about $33,000. Cloud Capital Management LLC purchased a new stake in shares of Citigroup during the 3rd quarter valued at about $40,000. Howard Hughes Medical Institute bought a new position in shares of Citigroup in the 2nd quarter valued at about $34,000. Finally, Highline Wealth Partners LLC grew its position in Citigroup by 35.3% in the third quarter. Highline Wealth Partners LLC now owns 418 shares of the company’s stock worth $42,000 after acquiring an additional 109 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on C. Morgan Stanley raised their price objective on Citigroup from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Wolfe Research restated an “outperform” rating and set a $141.00 price target on shares of Citigroup in a report on Wednesday, January 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $121.00 price objective on shares of Citigroup in a research note on Thursday, January 15th. Barclays increased their target price on shares of Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Finally, Truist Financial lifted their price target on shares of Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.56.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup named a joint global coordinator on the UI Boustead REIT Singapore IPO — potential near-term investment‑banking fees and a show of strength in Asia execution. UI Boustead REIT begins premarketing of Singapore IPO, term sheet shows
• Positive Sentiment: Reports say Citigroup aims to resolve consent orders this year — if completed, that reduces regulatory and capital uncertainty that has weighed on the stock. Citigroup seeks to resolve consent orders this year – report
• Neutral Sentiment: Analysis of Citi’s valuation notes recent preferred stock and bond issuances are reshaping its capital mix — could bolster buffers but may change EPS/capital metrics; impact depends on sizing and investor reception. A Look At Citigroup (C) Valuation As New Preferred Stock And Bond Issuances Reshape Its Capital Mix
• Neutral Sentiment: Citi research reduced its price target on Coinbase — a reminder that Citi’s analyst views influence market narratives, but this is not a direct driver of Citi’s fundamentals. Citi cuts Coinbase price target to $400 after stock’s 65% plunge from record high
• Negative Sentiment: Commercial real estate stress: U.S. office CMBS delinquency rate hit a record high (11.7%) — rising CRE defaults and refinancing strain are a potential credit risk for large banks with corporate CRE exposure, including Citi. Commercial Real Estate Shock as Office CMBS Defaults Hit 11.7%

Citigroup Stock Up 6.0%

Shares of C opened at $122.72 on Monday. The firm has a fifty day moving average price of $115.27 and a 200-day moving average price of $104.03. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $219.58 billion, a P/E ratio of 17.61, a P/E/G ratio of 0.78 and a beta of 1.18. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $124.17.

Citigroup (NYSE:C) last announced its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.16. The company had revenue of $19.87 billion during the quarter, compared to analyst estimates of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.34 EPS. Equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 annualized dividend and a yield of 2.0%. Citigroup’s dividend payout ratio is 34.43%.

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.