Citigroup Inc. $C Shares Bought by Vest Financial LLC

Key Points

• Vest Financial increased its Citigroup stake by 6.9% in the third quarter, bringing its holdings to 181,705 shares valued at approximately $23.5 million. Institutional investors collectively own 71.72% of Citi’s stock.
• Citigroup exceeded quarterly expectations, reporting $2.85 in EPS versus the $2.66 consensus and $23.84 billion in revenue, up 7.9% year over year. The company also declared a quarterly dividend of $0.67 per share, equivalent to a 2.2% annualized yield.
• Shares recently traded at $122.43, below their 50-day and 200-day moving averages despite a broadly favorable analyst view. Citi carries a “Moderate Buy” consensus rating with an average price target of $150.79.

Vest Financial LLC boosted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 6.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 181,705 shares of the company's stock after acquiring an additional 11,757 shares during the quarter. Vest Financial LLC's holdings in Citigroup were worth $23,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Magnus Financial Group LLC lifted its position in Citigroup by 12.9% in the third quarter. Magnus Financial Group LLC now owns 5,477 shares of the company's stock valued at $709,000 after purchasing an additional 624 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Citigroup by 1.3% during the third quarter. Crossmark Global Holdings Inc. now owns 468,282 shares of the company's stock valued at $60,633,000 after purchasing an additional 5,905 shares during the period. Albion Financial Group UT grew its holdings in shares of Citigroup by 6.1% in the third quarter. Albion Financial Group UT now owns 142,865 shares of the company's stock worth $18,498,000 after purchasing an additional 8,190 shares during the last quarter. Schuylkill Financial LLC grew its holdings in shares of Citigroup by 3.1% in the third quarter. Schuylkill Financial LLC now owns 7,400 shares of the company's stock worth $958,000 after purchasing an additional 222 shares during the last quarter. Finally, Sterling Manor Financial LLC bought a new position in shares of Citigroup in the third quarter worth approximately $272,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Down 1.1%

NYSE C opened at $122.43 on Friday. Citigroup Inc. has a fifty-two week low of $95.83 and a fifty-two week high of $147.96. 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 simple moving average of $131.60 and a two-hundred day simple moving average of $132.16. The stock has a market cap of $208.81 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share 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 last year, the company earned $1.86 EPS. The business's quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts forecast that Citigroup Inc. will post 11.42 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 2nd will be paid 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 yield of 2.2%. Citigroup's dividend payout ratio (DPR) is presently 26.15%.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Morgan Stanley reportedly said Citi’s post-earnings decline was unjustified and sees substantial upside, reinforcing the view that the stock’s valuation does not fully reflect its earnings potential. Citi recently exceeded quarterly EPS and revenue expectations, with revenue rising 7.9% year over year. Morgan Stanley says Citigroup's post-earnings drop is unjustified
• Positive Sentiment: Citi will provide Nebius Group with a $3.5 billion, 364-day senior secured bridge facility. The transaction should generate fee and lending income while strengthening Citi’s relationship with the rapidly growing AI-cloud sector; the secured structure helps limit credit risk. Nebius secures $3.5 billion financing facility with Citi
• Positive Sentiment: Citi’s board elected James Flanagan as an independent director on October 21. The appointment may support governance and board oversight, although its immediate financial impact is limited. Citigroup elects James Flanagan as independent director
• Neutral Sentiment: A Citi report found that wealthy Singapore clients increased their assets over the past year, indicating continued demand in the bank’s wealth-management business. The report is encouraging for growth but does not provide a material earnings forecast. Singapore's wealthy clients see growing assets, Citi report says
• Negative Sentiment: The stock remains below its 50-day and 200-day moving averages after investors reduced exposure following earnings. Although Citi beat estimates, the reaction suggests lingering concerns about profitability, capital efficiency and the pace of its broader turnaround.

Wall Street Analyst Weigh In

Several brokerages recently commented on C. Loop Capital set a $155.00 target price on shares of Citigroup in a research note on Tuesday, October 13th. Oppenheimer cut shares of Citigroup from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 30th. Bank of America increased their price target on shares of Citigroup from $170.00 to $176.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Morgan Stanley raised their price target on shares of Citigroup from $154.00 to $164.00 and gave the stock an "overweight" rating in a report on Monday, June 29th. Finally, HSBC started coverage on shares of Citigroup in a research report on Monday, September 28th. They issued a "buy" rating and a $164.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and an average target price of $150.79.

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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