15,279 Shares in Citigroup Inc. $C Bought by M Holdings Securities Inc.

Key Points

• M Holdings Securities initiated a Citigroup position, buying 15,279 shares in the third quarter valued at approximately $1.89 million. Institutional investors collectively own 71.72% of the company’s stock.
• Citigroup reported quarterly earnings of $2.85 per share, beating estimates of $2.66, while revenue rose 7.9% year over year to $23.84 billion.
• Citigroup declared a quarterly dividend of $0.67 per share, equivalent to a 2.2% yield; analysts’ consensus rating is “Moderate Buy,” with an average price target of $150.87.

M Holdings Securities Inc. bought a new stake in Citigroup Inc. (NYSE:C - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,279 shares of the company's stock, valued at approximately $1,890,000.

A number of other institutional investors also recently added to or reduced their stakes in C. Brighton Jones LLC lifted its position in shares of Citigroup by 10.6% during the 3rd quarter. Brighton Jones LLC now owns 49,457 shares of the company's stock worth $6,404,000 after purchasing an additional 4,723 shares during the last quarter. American State Bank Iowa grew its stake in shares of Citigroup by 2.9% during the third quarter. American State Bank Iowa now owns 22,573 shares of the company's stock worth $2,923,000 after purchasing an additional 632 shares in the last quarter. StoneX Group Inc. increased its holdings in Citigroup by 136.0% in the third quarter. StoneX Group Inc. now owns 5,407 shares of the company's stock valued at $703,000 after buying an additional 3,116 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in Citigroup by 0.3% in the third quarter. Kornitzer Capital Management Inc. KS now owns 65,849 shares of the company's stock valued at $8,526,000 after buying an additional 168 shares during the last quarter. Finally, Ethos Capital Management Inc. increased its holdings in Citigroup by 8.3% in the third quarter. Ethos Capital Management Inc. now owns 20,547 shares of the company's stock valued at $2,660,000 after buying an additional 1,581 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Trading Up 2.5%

NYSE C opened at $122.01 on Tuesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 0.99. The firm's fifty day moving average price is $128.71 and its 200 day moving average price is $126.64. The company has a market capitalization of $208.09 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 0.55 and a beta of 1.18. Citigroup Inc. has a 12 month low of $95.83 and a 12 month high of $147.96.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.66 by $0.19. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The firm had revenue of $23.84 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same period last year, the business earned $1.86 EPS. Citigroup's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, sell-side analysts expect that Citigroup Inc. will post 11.44 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 2nd will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $2.68 annualized dividend and a dividend yield of 2.2%. Citigroup's dividend payout ratio (DPR) is presently 26.15%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on C shares. JPMorgan Chase & Co. lifted their price target on Citigroup from $147.00 to $148.50 and gave the stock an "overweight" rating in a report on Friday, October 30th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Citigroup in a research report on Wednesday, October 14th. Loop Capital set a $155.00 price objective on Citigroup in a report on Tuesday, October 13th. Truist Financial cut their target price on Citigroup from $158.00 to $154.00 and set a "buy" rating on the stock in a research report on Wednesday, July 15th. Finally, TD Cowen decreased their target price on Citigroup from $150.00 to $148.00 and set a "buy" rating for the company in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $150.87.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: A valuation commentary argues Citigroup shares could be about 41% undervalued based on the bank’s equity returns. This is an analyst-style assessment, not a company forecast, but may support investor optimism about the stock’s valuation. Article: Citigroup Stock Could Be 41% Undervalued On Equity Returns
• Positive Sentiment: CEO Jane Fraser attributed the sharp market sell-off largely to hedge funds’ risk models and said she does not expect it to get worse. Her assessment could ease concerns about prolonged market stress affecting trading and client activity, though it is not a guarantee. Article: Citigroup’s Jane Fraser Says Hedge Funds Drove the Sell-Off
• Neutral Sentiment: Citigroup plans to redeem all $1 billion of its Series Y preferred stock. The announcement does not specify how the redemption will be funded or replaced, so the impact on capital and financing costs is unclear. Article: Citigroup Announces Full Redemption of Series Y Preferred Stock
• Neutral Sentiment: Citigroup replaced David Haldane with Rob Smolen to lead global derivatives and EMEA equities. The change affects a key securities-business leadership role, but the report gave no details suggesting a change in strategy or financial outlook. Article: Citigroup Replaces Equities Executive David Haldane With Rob Smolen
• Neutral Sentiment: Separately, Citi downgraded U.S. equities and technology stocks to neutral, citing investor-positioning risks. This reflects the bank’s market view rather than a change to Citigroup’s own business outlook. Article: Citigroup Downgrades US Equities to Neutral on AI Concerns

Citigroup Profile

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.

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