Citigroup Inc. $C Stock Bought by Albion Financial Group UT

Key Points

• Albion Financial Group UT increased its Citigroup stake by 6.1% in the third quarter, bringing its holdings to 142,865 shares valued at approximately $18.5 million. Institutional investors collectively own 71.72% of Citigroup.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $150.79, implying upside from the stock’s $123.85 opening price.
• Citigroup exceeded quarterly expectations with adjusted earnings of $2.85 per share and revenue of $23.84 billion, while declaring a quarterly dividend of $0.67 per share, equivalent to a 2.2% annualized yield.

Albion Financial Group UT grew its stake in Citigroup Inc. (NYSE:C - Free Report) by 6.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,865 shares of the company's stock after acquiring an additional 8,190 shares during the period. Citigroup accounts for 1.0% of Albion Financial Group UT's holdings, making the stock its 27th biggest holding. Albion Financial Group UT's holdings in Citigroup were worth $18,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of C. Schuylkill Financial LLC raised its position in Citigroup by 3.1% during the 3rd quarter. Schuylkill Financial LLC now owns 7,400 shares of the company's stock valued at $958,000 after purchasing an additional 222 shares in the last quarter. Sterling Manor Financial LLC purchased a new stake in shares of Citigroup in the 3rd quarter worth $272,000. Sowell Financial Services LLC grew its position in shares of Citigroup by 5.5% during the 3rd quarter. Sowell Financial Services LLC now owns 12,831 shares of the company's stock worth $1,661,000 after buying an additional 664 shares in the last quarter. Atticus Wealth Management LLC grew its position in shares of Citigroup by 7.5% during the 3rd quarter. Atticus Wealth Management LLC now owns 2,144 shares of the company's stock worth $278,000 after buying an additional 150 shares in the last quarter. Finally, Axecap Investments LLC grew its position in shares of Citigroup by 215.1% during the 3rd quarter. Axecap Investments LLC now owns 35,574 shares of the company's stock worth $4,606,000 after buying an additional 24,285 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on C. Evercore set a $135.00 price target on Citigroup in a research note on Wednesday, October 14th. Morgan Stanley upped their price objective on shares of Citigroup from $154.00 to $164.00 and gave the stock an "overweight" rating in a research note on Monday, June 29th. Wall Street Zen cut shares of Citigroup from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. UBS Group set a $148.00 target price on shares of Citigroup in a report on Wednesday, October 14th. Finally, Argus set a $150.00 target price on shares of Citigroup in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $150.79.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Morgan Stanley views the post-earnings selloff as excessive. The firm reportedly sees approximately 32% upside for Citigroup, arguing that the roughly 6% decline after earnings was not justified. The bullish view could help support a rebound in C shares. Morgan Stanley says Citigroup's post-earnings drop is unjustified
• Positive Sentiment: Citigroup declared a quarterly dividend of $0.67 per share. The payment is scheduled for November 25 for shareholders of record on November 2, representing an annualized dividend of $2.68 and a yield of roughly 2.2%. The continued payout reinforces the bank’s shareholder-return appeal. Citigroup Declares Common Stock Dividend
• Positive Sentiment: Citi is expanding its commercial and advertising capabilities through Citi Commerce Media. The initiative uses transaction insights to help advertisers predict consumer purchases, potentially creating a new fee and data-related revenue opportunity, although the financial impact is not yet quantified. Advertisers Should Stop Chasing Customers, Start Predicting Purchases: Citi’s Mike Venable
• Neutral Sentiment: Citigroup remains involved in strategic discussions over access to China’s financial market and is reorganizing its artificial-intelligence leadership. Progress on market permissions or AI capabilities could improve long-term growth, but the reports provide no immediate earnings impact. What Is Citigroup Signaling With China Talks And Its AI Reset?
• Neutral Sentiment: Citigroup disclosed that its stake in Solvay crossed 3%. The investment is unlikely to materially affect Citigroup’s valuation or near-term operating results. Citigroup Lifts Stake Above 3% in Solvay

Citigroup Trading Up 1.1%

C opened at $123.85 on Thursday. The firm has a market cap of $211.24 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.54 and a beta of 1.13. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.78. Citigroup Inc. has a 12 month low of $95.00 and a 12 month high of $147.96. The stock has a fifty day moving average price of $131.93 and a 200-day moving average price of $132.11.

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 during the quarter, compared to analysts' expectations of $23.74 billion. During the same period in the prior year, the business posted $1.86 EPS. The firm's quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts anticipate that Citigroup Inc. will post 11.42 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

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