Jmac Enterprises LLC Sells 12,396 Shares of Citigroup Inc. $C

Jmac Enterprises LLC decreased its stake in shares of Citigroup Inc. (NYSE:C) by 78.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,504 shares of the company’s stock after selling 12,396 shares during the period. Jmac Enterprises LLC’s holdings in Citigroup were worth $356,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,499 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Citigroup by 20.5% in the second quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock worth $835,000 after buying an additional 1,669 shares during the last quarter. Sheets Smith Wealth Management bought a new stake in shares of Citigroup during the 2nd quarter worth $783,000. Mather Group LLC. grew its stake in Citigroup by 15.6% in the 2nd quarter. Mather Group LLC. now owns 7,186 shares of the company’s stock valued at $612,000 after buying an additional 968 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in Citigroup by 3.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 42,313 shares of the company’s stock worth $3,602,000 after acquiring an additional 1,570 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Trading Up 1.5%

Shares of C opened at $115.55 on Friday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $124.17. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $206.75 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 0.72 and a beta of 1.18. The stock’s 50-day moving average price is $111.77 and its 200 day moving average price is $101.83.

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

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, February 2nd. Citigroup’s dividend payout ratio (DPR) is 34.43%.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analysts largely dismissed fears of a multiple re-rating after Citigroup’s stronger-than-expected Q4 update, arguing core results and progress on restructuring reduce downside risk for the stock. Analysts Dismiss Re-Rating Fears After Bright Citigroup (C) Earnings Update
• Positive Sentiment: Company messaging and coverage signal stabilizing core businesses and tangible progress on the 80% overhaul/streamlining plan, which supports medium-term margin improvement expectations. Citigroup (C) Signals Stabilizing Core Businesses and Progress on Strategic Streamlining
• Positive Sentiment: Zacks added Citigroup to its Rank #1 (Strong Buy) list today, a vote of analyst confidence that can attract momentum buyers and institutional interest. New Strong Buy Stocks for January 23rd
• Neutral Sentiment: Reports say JPMorgan and Citigroup are considering fixed-pay cuts for senior UK executives — a small-cost-control measure that is unlikely to move U.S. earnings materially but signals ongoing expense management. JPMorgan and Citigroup consider fixed pay cuts for senior UK executives
• Negative Sentiment: Exclusive Reuters report says Citigroup will lay off more employees in March after ~1,000 job cuts this month — a sign of deeper restructuring that may cut costs but also signals execution risk and short-term disruption. Exclusive: Citigroup to lay off more employees in March, sources say
• Negative Sentiment: Reports that Citi is exploring a 10% capped-rate credit-card product (to address political pressure) and CEO warnings that rate caps would restrict credit suggest potential margin compression and regulatory risk if a cap or voluntary product becomes widespread. Bank of America, Citigroup consider new credit cards with 10% rate, Bloomberg News reports
• Negative Sentiment: Citi research flagged risks from Japan bond-market turmoil (potential large Treasury selling), a macro shock that could widen funding costs and volatility—an indirect headwind for large banks. Japan Bond Turmoil Risks Up to $130 Billion Treasury Selling, Citi Says

Wall Street Analysts Forecast Growth

C has been the subject of a number of research analyst reports. UBS Group reissued a “neutral” rating and set a $132.00 target price on shares of Citigroup in a research report on Thursday, January 15th. Keefe, Bruyette & Woods lifted their price objective on Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Bank of America increased their target price on Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a report on Wednesday. Finally, Morgan Stanley lifted their price target on Citigroup from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $125.56.

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.