Citigroup Inc. $C Shares Acquired by Axecap Investments LLC

Key Points

• Axecap Investments increased its Citigroup stake by 215.1% in the third quarter, reaching 35,574 shares valued at approximately $4.6 million. Institutional investors collectively own 71.72% of Citigroup.
• Citigroup reported quarterly EPS of $2.85 and revenue of $23.84 billion, exceeding analyst estimates, while revenue rose 7.9% year over year. Despite the strong results, the stock remains pressured by an earnings-related selloff.
• Citigroup declared a quarterly dividend of $0.67 per share, equivalent to $2.68 annually and a 2.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $150.79.

Axecap Investments LLC raised its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 215.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,574 shares of the company's stock after purchasing an additional 24,285 shares during the period. Citigroup accounts for about 2.8% of Axecap Investments LLC's holdings, making the stock its 16th largest holding. Axecap Investments LLC's holdings in Citigroup were worth $4,606,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Compass Financial Management LLC purchased a new stake in shares of Citigroup during the 2nd quarter valued at about $898,000. Andra AP fonden grew its stake in shares of Citigroup by 22.3% in the second quarter. Andra AP fonden now owns 274,600 shares of the company's stock worth $38,433,000 after acquiring an additional 50,100 shares during the period. Saudi Central Bank raised its holdings in shares of Citigroup by 80.8% during the second quarter. Saudi Central Bank now owns 119,392 shares of the company's stock valued at $16,710,000 after purchasing an additional 53,348 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Citigroup by 30.7% during the second quarter. Concurrent Investment Advisors LLC now owns 131,946 shares of the company's stock valued at $18,467,000 after purchasing an additional 31,007 shares during the last quarter. Finally, Vestor Capital LLC raised its holdings in shares of Citigroup by 4,918,233.3% during the first quarter. Vestor Capital LLC now owns 295,100 shares of the company's stock valued at $33,467,000 after purchasing an additional 295,094 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Morgan Stanley views the post-earnings selloff as excessive and reportedly sees approximately 32% upside for Citigroup. The bullish view suggests the bank’s earnings performance and ongoing strategic improvements are not fully reflected in the share price. Morgan Stanley says Citigroup’s post-earnings drop is unjustified
• Positive Sentiment: Citigroup declared a quarterly common-stock dividend of $0.67 per share, payable November 25 to shareholders of record November 2. The annualized payout is $2.68 per share, reinforcing the bank’s shareholder-return appeal. The board also approved dividends for multiple preferred-stock series. Citigroup declares common and preferred stock dividends
• Positive Sentiment: Discussions between U.S. and Chinese officials reportedly covered Citigroup’s access to China’s financial market. Progress on operating permissions could expand the bank’s growth opportunities in a large strategic market. Citigroup is also reshaping its artificial-intelligence leadership, including recruiting senior talent from Google. What Citigroup is signaling with China talks and its AI reset
• Neutral Sentiment: Citigroup launched Citi Commerce Media, using transaction data to help advertisers predict consumer purchases. The initiative could create a new fee or data-related revenue stream, but its financial contribution remains unclear. Citi launches Commerce Media
• Negative Sentiment: The recent earnings-related decline remains an overhang despite Citigroup exceeding quarterly EPS and revenue estimates. Investors may be concerned that the strong results did not justify the bank’s valuation or resolve longer-term execution and profitability questions.

Citigroup Trading Up 0.7%

Shares of NYSE:C opened at $122.56 on Wednesday. The stock has a market capitalization of $209.03 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.53 and a beta of 1.13. 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's 50-day simple moving average is $132.20 and its two-hundred day simple moving average is $132.05. 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 released its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, beating 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 business had revenue of $23.84 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same period in the previous year, the company posted $1.86 EPS. The business's quarterly revenue was up 7.9% compared to the same quarter last year. Analysts expect that Citigroup Inc. will post 11.42 EPS for the current year.

Citigroup Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on C shares. Truist Financial lowered their price objective on shares of Citigroup from $158.00 to $154.00 and set a "buy" rating on the stock in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Citigroup in a research report on Wednesday, October 14th. Wall Street Zen downgraded shares of Citigroup from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. TD Cowen decreased their target price on shares of Citigroup from $150.00 to $148.00 and set a "buy" rating for the company in a research note on Wednesday, October 14th. Finally, Bank of America increased their price target on Citigroup from $170.00 to $176.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and a consensus price target of $150.79.

Citigroup Company 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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