27,893 Citigroup Inc. $C Shares Bought by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer & Co. increased its Citigroup stake by 10.7% in the third quarter, purchasing 27,893 additional shares for a total of 288,905 shares valued at approximately $37.4 million. Institutional investors collectively own 71.72% of Citigroup.
• Citigroup reported quarterly EPS of $2.85, exceeding the $2.66 consensus estimate, while revenue rose 7.9% year over year to $23.84 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $150.79.
• The bank announced a quarterly dividend of $0.67 per share, equivalent to $2.68 annually and a 2.2% yield. Citi also raised its 2026 return-on-tangible-common-equity outlook to above 11%, citing revenue growth and improved efficiency.

Oppenheimer & Co. Inc. grew its stake in Citigroup Inc. (NYSE:C - Free Report) by 10.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 288,905 shares of the company's stock after purchasing an additional 27,893 shares during the period. Oppenheimer & Co. Inc.'s holdings in Citigroup were worth $37,407,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Center for Financial Planning Inc. increased its holdings in Citigroup by 78.7% in the third quarter. Center for Financial Planning Inc. now owns 243 shares of the company's stock valued at $31,000 after buying an additional 107 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of Citigroup by 1.6% in the third quarter. Verdence Capital Advisors LLC now owns 18,690 shares of the company's stock worth $2,420,000 after acquiring an additional 294 shares during the period. Flagship Harbor Advisors LLC raised its position in shares of Citigroup by 3.8% in the third quarter. Flagship Harbor Advisors LLC now owns 12,250 shares of the company's stock worth $1,586,000 after acquiring an additional 446 shares during the period. Westover Capital Advisors LLC boosted its stake in shares of Citigroup by 13.1% during the 3rd quarter. Westover Capital Advisors LLC now owns 6,497 shares of the company's stock worth $841,000 after acquiring an additional 750 shares in the last quarter. Finally, Motive Wealth Advisors boosted its stake in shares of Citigroup by 6.4% during the 3rd quarter. Motive Wealth Advisors now owns 2,259 shares of the company's stock worth $292,000 after acquiring an additional 136 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Higher profitability target: Citigroup raised its 2026 return on tangible common equity (RoTCE) outlook to above 11%, citing strong revenue growth, improving efficiency and progress in its multiyear transformation. The upgrade reinforces the case that management’s restructuring efforts are translating into better returns. Citigroup Lifts 2026 RoTCE Outlook: What's Fueling the Optimism?
• Positive Sentiment: China expansion approved: Chinese regulators cleared Citi to establish a wholly owned securities company that can provide equities brokerage, underwriting, research and principal-trading services. The approval expands Citi’s onshore capital-markets footprint and creates a potential long-term revenue opportunity in China. Citi cleared to set up securities company in China
• Positive Sentiment: More competitive retail offering: Citi launched Premium Boost, which offers higher savings rates to customers who deepen their relationships through additional banking or investment products. The program could improve customer retention, deposits and cross-selling, although higher deposit costs may limit the earnings benefit. Citi Raises Savings Rates for Relationship Banking Clients
• Positive Sentiment: Analyst support and valuation: A market commentary highlighted Citi’s solid third-quarter earnings, attractive valuation and potential upside, helping reinforce investor confidence following the bank’s earnings beat and improved revenue performance. Buy GS and C on Solid Q3 Earnings, Attractive Valuation and Upside
• Neutral Sentiment: Citi also structured a $72 million carbon-removal bond tied to verified credits and Microsoft purchase agreements. The transaction enhances Citi’s sustainable-finance credentials but is unlikely to materially affect near-term earnings. Citigroup Structured a $72 Million Carbon Removal Bond
• Neutral Sentiment: Broader U.S. stablecoin rules could eventually create opportunities for banks, including Citi, in payments and digital assets. However, the current announcements focus on community banks and do not identify a direct Citi initiative. US OCC calls on community banks to become payment stablecoin issuers

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on C shares. Weiss Ratings downgraded Citigroup from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, October 2nd. HSBC began coverage on Citigroup in a report on Monday, September 28th. They issued a "buy" rating and a $164.00 price objective on the stock. Morgan Stanley upped their target price on Citigroup from $154.00 to $164.00 and gave the stock an "overweight" rating in a research note on Monday, June 29th. Loop Capital set a $155.00 target price on Citigroup in a research note on Tuesday, October 13th. Finally, Wall Street Zen lowered Citigroup from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $150.79.

Citigroup Stock Performance

NYSE C opened at $121.12 on Tuesday. The company has a market cap of $206.58 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 0.53 and a beta of 1.13. The stock's 50 day simple moving average is $130.90 and its 200-day simple moving average is $126.37. Citigroup Inc. has a 1-year low of $95.83 and a 1-year high of $147.96. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 0.99.

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

Citigroup Dividend Announcement

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

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi's consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.

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