Kingsman Wealth Management Inc. Makes New Investment in Citigroup Inc. $C

Kingsman Wealth Management Inc. purchased a new stake in Citigroup Inc. (NYSE:C) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 17,883 shares of the company’s stock, valued at approximately $1,815,000. Citigroup comprises about 1.0% of Kingsman Wealth Management Inc.’s portfolio, making the stock its 19th largest holding.

Other hedge funds have also made changes to their positions in the company. Ascent Group LLC increased its stake in Citigroup by 30.8% in the third quarter. Ascent Group LLC now owns 63,339 shares of the company’s stock valued at $6,429,000 after purchasing an additional 14,913 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Citigroup by 6.9% in the 3rd quarter. Sivia Capital Partners LLC now owns 10,478 shares of the company’s stock valued at $1,064,000 after buying an additional 673 shares during the period. Strategic Planning Inc. acquired a new position in shares of Citigroup during the 3rd quarter valued at about $227,000. Montz Harcus Wealth Management LLC purchased a new position in shares of Citigroup during the 3rd quarter worth about $205,000. Finally, Segment Wealth Management LLC acquired a new stake in shares of Citigroup in the third quarter worth approximately $222,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Down 0.8%

NYSE:C opened at $117.13 on Wednesday. The business’s 50-day moving average is $105.83 and its two-hundred day moving average is $97.88. The firm has a market capitalization of $209.58 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $122.84. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. The business had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.51 earnings per share. Research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s payout ratio is presently 33.71%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Oppenheimer dropped their price target on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Morgan Stanley upped their price objective on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. Wells Fargo & Company upped their price target on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Finally, Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $115.25.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Piper Sandler raised its price target on Citigroup to $130 and kept an “overweight” rating, signaling analyst confidence in upside and supporting the stock. Piper Sandler Price Target Raise
• Positive Sentiment: J.P. Morgan (analyst Vivek Juneja) has maintained a Buy stance, arguing the Russia exit and related adjustments support a cleaner risk profile and modest capital benefits. J.P. Morgan Buy Rating
• Positive Sentiment: Analysts and commentators note that completing the Russia exit removes an ongoing geopolitical exposure and could modestly improve capital flexibility over time — a potential longer-term positive for valuation. Russia Exit: Bigger Win Argument
• Neutral Sentiment: Citigroup’s head of U.S. equity strategy said the market is in a “boom” rather than a bubble — a macro viewpoint that supports risk appetite but is not a direct company catalyst. Market Comment from Citi Strategist
• Neutral Sentiment: Small institutional buying: Apella Capital disclosed a modest stake purchase in Citigroup, a minor vote of confidence but not a material ownership change. Apella Capital Stake
• Neutral Sentiment: Citi research calls (including high-profile Bitcoin and crypto scenario notes) and wider bank-sector optimism add context but are unlikely to move the stock immediately. Citi Research Notes
• Negative Sentiment: Citigroup’s board approved the sale of AO Citibank in Russia, which will trigger a one-time pre-tax loss of roughly $1.1–$1.2 billion in the current quarter — an immediate earnings and capital hit that is pressuring the stock. Reuters: Board Approves Russia Unit Sale

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.