Citigroup Inc. $C Shares Sold by Waycross Partners LLC

Waycross Partners LLC lessened its position in shares of Citigroup Inc. (NYSE:C) by 97.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,730 shares of the company’s stock after selling 300,765 shares during the quarter. Waycross Partners LLC’s holdings in Citigroup were worth $1,130,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of C. Grove Bank & Trust increased its position in shares of Citigroup by 1.8% during the 3rd quarter. Grove Bank & Trust now owns 4,549 shares of the company’s stock valued at $589,000 after purchasing an additional 79 shares during the last quarter. American Trust boosted its holdings in shares of Citigroup by 3.6% in the second quarter. American Trust now owns 2,331 shares of the company’s stock worth $326,000 after buying an additional 80 shares during the last quarter. Invst LLC grew its position in Citigroup by 0.8% during the second quarter. Invst LLC now owns 9,601 shares of the company’s stock valued at $1,344,000 after buying an additional 80 shares during the period. Tsfg LLC grew its position in Citigroup by 4.9% during the second quarter. Tsfg LLC now owns 1,701 shares of the company’s stock valued at $238,000 after buying an additional 80 shares during the period. Finally, Somerset Trust Co increased its holdings in Citigroup by 0.6% during the second quarter. Somerset Trust Co now owns 14,955 shares of the company’s stock valued at $2,093,000 after buying an additional 82 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Citigroup stock traded up $0.71 during midday trading on Friday, hitting $119.16. The stock had a trading volume of 12,241,255 shares, compared to its average volume of 9,474,690. Citigroup Inc. has a 52-week low of $95.83 and a 52-week high of $147.96. The company has a market capitalization of $203.24 billion, a PE ratio of 11.63, a P/E/G ratio of 0.54 and a beta of 1.18. The firm’s fifty day moving average is $128.92 and its two-hundred day moving average is $126.60. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.78.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.19. The business had revenue of $23.84 billion for the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. On average, research analysts forecast that Citigroup Inc. will post 11.44 EPS for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 2nd will be paid a dividend of $0.67 per share. The ex-dividend date is Monday, November 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.2%. Citigroup’s payout ratio is 26.15%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on C. UBS Group set a $148.00 price target on shares of Citigroup in a research report on Wednesday, October 14th. Loop Capital set a $155.00 price objective on shares of Citigroup in a research report on Tuesday, October 13th. JPMorgan Chase & Co. upped their price objective on Citigroup from $147.00 to $148.50 and gave the stock an “overweight” rating in a research note on Friday, October 30th. Weiss Ratings cut Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Finally, Royal Bank Of Canada lowered their target price on Citigroup from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $150.87.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup and DBS are competing to recruit talent for their India operations, including expansion tied to GIFT City. The hiring push points to investment in the region’s growth potential, though the articles do not quantify its expected financial impact. Citigroup, DBS vie for top talent to boost business in India hub
• Positive Sentiment: CEO Jane Fraser said she does not expect the market correction to become deeper or last longer, which may help reassure investors after the recent sell-off. This is a view on the broader market, not a change to Citi’s outlook. Citigroup CEO Jane Fraser on the market correction
• Neutral Sentiment: Citi named Circle its top pick in regulated stablecoins and digital payments. The call reflects Citi’s research activity, but Circle—not Citigroup—is the stock being recommended, so it is not a direct earnings catalyst for C. Citi Names Top Stock in Stablecoin and Digital Payments Space
• Negative Sentiment: Citigroup shares had a sharp decline in the prior session amid a volatile market. The broader backdrop remains uncertain, with post-election policy potentially slowing bank deregulation and increasing scrutiny of financial firms. Citigroup’s recent price decline Midterm election results and financial stocks
• Negative Sentiment: Citi’s strategists say the AI trade could remain under pressure and currently favor European equities over U.S. stocks. That cautious view may weigh on broader market sentiment, though it is not specific to Citi’s own fundamentals. Citi explains why the AI trade may remain under pressure

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City. Founded in 1812 as the City Bank of New York, it has grown into an international banking organization serving individuals, businesses, governments and institutions.

The company provides consumer banking and wealth management services, including deposits, lending, credit cards and investment services. For corporate and institutional clients, Citi offers transaction banking, treasury and trade solutions, securities services, investment banking, and markets and financing services.

Citi serves clients across the United States and a broad range of international markets, drawing on its global network to support cross-border business and financial activity.