29,890 Shares in Citigroup Inc. $C Purchased by VMS Asset Management Limited

Key Points

• VMS Asset Management acquired 29,890 Citigroup shares valued at approximately $3.87 million, making Citi about 1.5% of the fund’s portfolio. Institutional investors collectively own 71.72% of the company.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and an average price target of $150.79.
• Citigroup exceeded quarterly expectations with $2.85 in EPS on $23.84 billion in revenue, while raising its quarterly dividend to $0.67 per share, equivalent to a 2.2% yield.

VMS Asset Management Limited acquired a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 29,890 shares of the company's stock, valued at approximately $3,870,000. Citigroup comprises approximately 1.5% of VMS Asset Management Limited's portfolio, making the stock its 28th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Paladin Partners LLC acquired a new stake in shares of Citigroup during the second quarter valued at about $27,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Citigroup in the second quarter valued at approximately $29,000. Whipplewood Advisors LLC acquired a new position in shares of Citigroup in the first quarter valued at approximately $25,000. TD Capital Management LLC acquired a new position in shares of Citigroup in the fourth quarter valued at approximately $28,000. Finally, IMG Wealth Management Inc. raised its stake in shares of Citigroup by 197.6% during the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company's stock valued at $28,000 after acquiring an additional 162 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods reiterated an "outperform" rating on shares of Citigroup in a research report on Wednesday. Argus set a $150.00 price target on Citigroup in a research note on Wednesday, July 15th. TD Cowen lowered their price objective on Citigroup from $150.00 to $148.00 and set a "buy" rating for the company in a research report on Wednesday. Loop Capital set a $155.00 price objective on Citigroup in a research note on Tuesday. Finally, UBS Group set a $148.00 price objective on Citigroup in a research note on Wednesday. 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 company's stock. According to MarketBeat, Citigroup presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.79.

Citigroup Stock Performance

Shares of C opened at $122.53 on Thursday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a 50 day moving average price of $133.16 and a two-hundred day moving average price of $131.71. The firm has a market capitalization of $208.99 billion, a P/E ratio of 11.95, a P/E/G ratio of 0.55 and a beta of 1.13. Citigroup Inc. has a 52 week low of $95.00 and a 52 week high of $147.96.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, beating 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 company had revenue of $23.84 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the prior year, the company posted $1.86 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts forecast that Citigroup Inc. will post 11.19 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were issued a $0.67 dividend. This is an increase from Citigroup's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.2%. Citigroup's payout ratio is presently 28.94%.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q3 earnings beat expectations. Citigroup reported $2.85 in earnings per share versus the $2.66 consensus, while revenue rose 7.9% year over year to approximately $23.85 billion. Net income increased 40% to $5.2 billion, supported by 15% growth in both Services and Wealth revenue. Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
• Positive Sentiment: Management raised its profitability outlook and increased shareholder returns. Citi cited strong Services growth, AI-related efficiencies and disciplined capital deployment, while also raising its dividend and expanding buybacks. The bank returned about $4.1 billion to shareholders during the quarter. Citigroup Q3 Earnings Call Highlights Higher Return Outlook and AI Gains
• Positive Sentiment: Banamex separation and a potential IPO could unlock value. Citigroup is reportedly preparing to fully spin off its former Mexican consumer-banking business, with an initial public offering targeted for early 2027. Completing the separation could simplify Citi’s portfolio and provide proceeds or a valuation reference for the asset. Banamex Leadership Pitches Turnaround Ahead of Targeted Citi IPO
• Neutral Sentiment: Citi expects a 25-basis-point Federal Reserve rate increase in December. Higher rates could support net interest income, but Citi also expects rates to remain elevated until at least mid-2027, increasing pressure on borrowers and the broader economy. Global Market: Citi Expects Fed to Raise Rates
• Negative Sentiment: Investors questioned the durability of the beat. Trading and investment-banking activity softened sequentially, management warned that fourth-quarter trading revenue could decline, credit-loss provisions increased and analysts cut price targets. Elevated put-option activity and concerns about weaker capital ratios added to the cautious tone. Citi Stock Falls Despite Earnings Beat: What Investors Need to Know

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City and listed on the New York Stock Exchange under the symbol C. Through its subsidiaries and businesses, Citi provides banking, lending, investment, payments, wealth management and other financial services to consumers, businesses, governments and institutional clients.

Citi's principal businesses include Services, which supports institutional clients with treasury, trade, securities services and related solutions; Markets, which provides sales, trading, research and financing services; Banking, which offers investment banking and corporate banking; and Wealth, which provides private banking and wealth management.

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