Vestor Capital LLC Acquires 8,602 Shares of Citigroup Inc. $C

Key Points

• Vestor Capital increased its Citigroup stake by 834.3% in the third quarter, buying 8,602 shares to hold 9,633 shares worth about $1.25 million.
• Other institutional investors also added to positions, and hedge funds and institutions collectively own 71.72% of Citigroup’s shares.
• Citigroup reported quarterly EPS of $2.85, beating the $2.66 consensus, while revenue rose 7.9% year over year to $23.84 billion. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $150.87.

Vestor Capital LLC increased its stake in Citigroup Inc. (NYSE:C - Free Report) by 834.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,633 shares of the company's stock after purchasing an additional 8,602 shares during the quarter. Vestor Capital LLC's holdings in Citigroup were worth $1,247,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in C. Leuthold Group LLC raised its stake in shares of Citigroup by 9.6% during the 3rd quarter. Leuthold Group LLC now owns 88,326 shares of the company's stock worth $11,436,000 after buying an additional 7,726 shares during the last quarter. Palacios Wealth Management LLC grew its stake in Citigroup by 10.2% in the 3rd quarter. Palacios Wealth Management LLC now owns 5,482 shares of the company's stock valued at $710,000 after acquiring an additional 507 shares during the last quarter. Private Management Group Inc. grew its stake in Citigroup by 0.3% in the 3rd quarter. Private Management Group Inc. now owns 30,372 shares of the company's stock valued at $3,933,000 after acquiring an additional 92 shares during the last quarter. Joseph Group Capital Management increased its holdings in Citigroup by 13.6% during the 3rd quarter. Joseph Group Capital Management now owns 810 shares of the company's stock valued at $105,000 after acquiring an additional 97 shares in the last quarter. Finally, Fulcrum Asset Management LLP increased its holdings in Citigroup by 2,401.1% during the 3rd quarter. Fulcrum Asset Management LLP now owns 6,553 shares of the company's stock valued at $857,000 after acquiring an additional 6,291 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: A valuation commentary argues Citigroup shares could be about 41% undervalued based on the bank’s equity returns. This is an analyst-style assessment, not a company forecast, but may support investor optimism about the stock’s valuation. Article: Citigroup Stock Could Be 41% Undervalued On Equity Returns
• Positive Sentiment: CEO Jane Fraser attributed the sharp market sell-off largely to hedge funds’ risk models and said she does not expect it to get worse. Her assessment could ease concerns about prolonged market stress affecting trading and client activity, though it is not a guarantee. Article: Citigroup’s Jane Fraser Says Hedge Funds Drove the Sell-Off
• Neutral Sentiment: Citigroup plans to redeem all $1 billion of its Series Y preferred stock. The announcement does not specify how the redemption will be funded or replaced, so the impact on capital and financing costs is unclear. Article: Citigroup Announces Full Redemption of Series Y Preferred Stock
• Neutral Sentiment: Citigroup replaced David Haldane with Rob Smolen to lead global derivatives and EMEA equities. The change affects a key securities-business leadership role, but the report gave no details suggesting a change in strategy or financial outlook. Article: Citigroup Replaces Equities Executive David Haldane With Rob Smolen
• Neutral Sentiment: Separately, Citi downgraded U.S. equities and technology stocks to neutral, citing investor-positioning risks. This reflects the bank’s market view rather than a change to Citigroup’s own business outlook. Article: Citigroup Downgrades US Equities to Neutral on AI Concerns

Analyst Ratings Changes

Several analysts have issued reports on C shares. Royal Bank Of Canada reduced their price target on shares of Citigroup from $150.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, October 14th. Weiss Ratings lowered shares of Citigroup from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, October 2nd. JPMorgan Chase & Co. raised their price objective on shares of Citigroup from $147.00 to $148.50 and gave the stock an "overweight" rating in a research note on Friday, October 30th. TD Cowen cut 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, October 14th. Finally, Wall Street Zen raised Citigroup from a "hold" rating to a "buy" rating in a research note on Saturday. One 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. According to MarketBeat.com, Citigroup presently has an average rating of "Moderate Buy" and a consensus target price of $150.87.

Citigroup Stock Performance

Shares of Citigroup stock opened at $122.01 on Tuesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.99 and a current ratio of 1.00. Citigroup Inc. has a 1 year low of $95.83 and a 1 year high of $147.96. The firm's 50-day simple moving average is $128.71 and its 200-day simple moving average is $126.64. The firm has a market cap of $208.09 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 0.55 and a beta of 1.18.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results 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. The firm had revenue of $23.84 billion during the quarter, compared to analysts' expectations of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $1.86 earnings per share. Equities analysts forecast that Citigroup Inc. will post 11.44 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.67 per share. 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 payout ratio is 26.15%.

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City. Founded in 1812 as the City Bank of New York, it has grown into an international banking organization serving individuals, businesses, governments and institutions.

The company provides consumer banking and wealth management services, including deposits, lending, credit cards and investment services. For corporate and institutional clients, Citi offers transaction banking, treasury and trade solutions, securities services, investment banking, and markets and financing services.

Citi serves clients across the United States and a broad range of international markets, drawing on its global network to support cross-border business and financial activity.

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