Hartford Investment Management Co. Sells 4,949 Shares of Citigroup Inc. $C

Hartford Investment Management Co. lowered its holdings in Citigroup Inc. (NYSE:C) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 107,850 shares of the company’s stock after selling 4,949 shares during the quarter. Hartford Investment Management Co.’s holdings in Citigroup were worth $10,947,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. FMB Wealth Management raised its holdings in Citigroup by 4.1% in the 3rd quarter. FMB Wealth Management now owns 2,618 shares of the company’s stock worth $266,000 after purchasing an additional 103 shares in the last quarter. Tritonpoint Wealth LLC boosted its stake in shares of Citigroup by 2.1% during the 3rd quarter. Tritonpoint Wealth LLC now owns 4,989 shares of the company’s stock valued at $506,000 after purchasing an additional 104 shares in the last quarter. Onyx Bridge Wealth Group LLC increased its position in shares of Citigroup by 3.6% during the second quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock valued at $265,000 after buying an additional 109 shares during the period. Highline Wealth Partners LLC raised its stake 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 buying an additional 109 shares in the last quarter. Finally, Fullcircle Wealth LLC lifted its holdings in Citigroup by 0.9% in the second quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock worth $1,206,000 after buying an additional 111 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on C. Wells Fargo & Company set a $150.00 target price on Citigroup in a report on Monday, January 5th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, January 21st. Barclays increased their price objective on Citigroup from $115.00 to $146.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Morgan Stanley boosted their target price on shares of Citigroup from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, Truist Financial increased 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 equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $125.56.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup beat EPS expectations for its most recent quarter (reported $1.81 vs. $1.65 consensus) and showed modest year-over-year earnings improvement, which supports the stock’s valuation and investor confidence.
• Positive Sentiment: Analyst commentary highlighting Citigroup as an attractive dividend name is drawing investor interest; Zacks argues the bank’s yield and payout make it appealing for income-focused shareholders. Why Citigroup (C) is a Great Dividend Stock Right Now
• Neutral Sentiment: Political and fiscal headlines (ongoing funding talks / temporary government shutdown risk) are creating broader market volatility that can affect banks’ trading and fee revenue in the near term; leadership comments signaling a quick resolution could dampen the negative impact if confirmed. Speaker Johnson: ‘Confident’ government shutdown will end by Tuesday
• Neutral Sentiment: Industry crypto/regulatory stories (prosecutors questioning stablecoin law protections; banks and brokers adjusting crypto exposure) increase the chance of regulatory changes that could affect any bank businesses tied to digital assets, though Citi’s direct exposure appears limited compared with pure crypto players. Circle Says It Prioritizes ‘Financial Integrity’ As Prosecutors Reportedly Allege Stablecoin Law Allows Crypto Companies To Gain From Fraud Nomura temporarily reduces crypto exposure as Q3 profits drop
• Negative Sentiment: While EPS beat, Citigroup missed revenue expectations ($19.87B actual vs. $20.99B consensus), which highlights continuing top-line pressure and could cap upside if revenue trends don’t improve—investors will watch upcoming guidance and trading/IB fees.

Citigroup Price Performance

C opened at $116.25 on Tuesday. The stock has a 50-day moving average price of $114.00 and a 200-day moving average price of $103.34. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a market cap of $208.01 billion, a PE ratio of 16.68, a P/E/G ratio of 0.74 and a beta of 1.18. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $124.17.

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

Citigroup Announces Dividend

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