Vest Financial LLC Grows Stake in Citigroup Inc. $C

Key Points

• Vest Financial LLC increased its stake in Citigroup Inc. by 39.3%, owning a total of 21,561 shares valued at approximately $1.84 million as of its latest SEC filing.
• Citigroup reported a Q3 EPS of $1.86, missing analysts' expectations, but had a revenue of $22.09 billion, exceeding consensus estimates by $1.17 billion.
• The company declared a quarterly dividend of $0.60 per share, with a payout ratio of 35.45%, set to be paid on November 26.

Vest Financial LLC increased its stake in Citigroup Inc. (NYSE:C - Free Report) by 39.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,561 shares of the company's stock after acquiring an additional 6,079 shares during the period. Vest Financial LLC's holdings in Citigroup were worth $1,835,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its position in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after buying an additional 12,499 shares during the period. GAMMA Investing LLC boosted its position in shares of Citigroup by 12.7% during the first quarter. GAMMA Investing LLC now owns 34,236 shares of the company's stock valued at $2,430,000 after buying an additional 3,855 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Citigroup by 68.8% during the first quarter. Exchange Traded Concepts LLC now owns 3,642 shares of the company's stock valued at $259,000 after buying an additional 1,485 shares during the period. Cyndeo Wealth Partners LLC boosted its position in shares of Citigroup by 34.8% during the first quarter. Cyndeo Wealth Partners LLC now owns 9,984 shares of the company's stock valued at $709,000 after buying an additional 2,579 shares during the period. Finally, Sagespring Wealth Partners LLC boosted its position in shares of Citigroup by 49.9% during the first quarter. Sagespring Wealth Partners LLC now owns 18,877 shares of the company's stock valued at $1,340,000 after buying an additional 6,282 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

Shares of NYSE:C opened at $99.83 on Wednesday. The company has a market capitalization of $183.78 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The firm has a 50 day moving average of $97.25 and a 200 day moving average of $84.16.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $1.89 by ($0.03). The business had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup's payout ratio is currently 35.45%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on C. Barclays boosted their target price on Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Evercore ISI set a $77.00 price target on shares of Citigroup in a research note on Monday, July 7th. Bank of America lifted their price target on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $118.00 price target on shares of Citigroup in a research note on Tuesday. Finally, Keefe, Bruyette & Woods reaffirmed a "buy" rating on shares of Citigroup in a research note on Wednesday, July 16th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $101.25.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.

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