Vest Financial LLC Buys 5,134 Shares of Citigroup Inc. $C

Vest Financial LLC raised its stake in shares of Citigroup Inc. (NYSE:C) by 23.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,695 shares of the company’s stock after purchasing an additional 5,134 shares during the quarter. Vest Financial LLC’s holdings in Citigroup were worth $2,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wolff Wiese Magana LLC lifted its holdings in shares of Citigroup by 87.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock worth $26,000 after acquiring an additional 120 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in Citigroup during the second quarter worth about $34,000. DHJJ Financial Advisors Ltd. lifted its stake in Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of Citigroup in the 2nd quarter worth about $38,000. Finally, Capital A Wealth Management LLC bought a new position in shares of Citigroup during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 1.5%

Shares of C opened at $115.55 on Friday. The stock has a market capitalization of $206.75 billion, a P/E ratio of 16.58, a PEG ratio of 0.72 and a beta of 1.18. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $124.17. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. The firm has a fifty day simple moving average of $111.77 and a two-hundred day simple moving average of $101.83.

Citigroup (NYSE:C) last issued its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.65 by $0.16. The firm had revenue of $19.87 billion during the quarter, compared to the consensus estimate of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. On average, research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. Citigroup’s dividend payout ratio is presently 34.43%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on C. Morgan Stanley boosted their target price on Citigroup from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $121.00 price objective on shares of Citigroup in a research note on Thursday, January 15th. Piper Sandler set a $135.00 target price on shares of Citigroup in a research report on Thursday, January 15th. Finally, Bank of America upped their price target on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.56.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analysts largely dismissed fears of a multiple re-rating after Citigroup’s stronger-than-expected Q4 update, arguing core results and progress on restructuring reduce downside risk for the stock. Analysts Dismiss Re-Rating Fears After Bright Citigroup (C) Earnings Update
• Positive Sentiment: Company messaging and coverage signal stabilizing core businesses and tangible progress on the 80% overhaul/streamlining plan, which supports medium-term margin improvement expectations. Citigroup (C) Signals Stabilizing Core Businesses and Progress on Strategic Streamlining
• Positive Sentiment: Zacks added Citigroup to its Rank #1 (Strong Buy) list today, a vote of analyst confidence that can attract momentum buyers and institutional interest. New Strong Buy Stocks for January 23rd
• Neutral Sentiment: Reports say JPMorgan and Citigroup are considering fixed-pay cuts for senior UK executives — a small-cost-control measure that is unlikely to move U.S. earnings materially but signals ongoing expense management. JPMorgan and Citigroup consider fixed pay cuts for senior UK executives
• Negative Sentiment: Exclusive Reuters report says Citigroup will lay off more employees in March after ~1,000 job cuts this month — a sign of deeper restructuring that may cut costs but also signals execution risk and short-term disruption. Exclusive: Citigroup to lay off more employees in March, sources say
• Negative Sentiment: Reports that Citi is exploring a 10% capped-rate credit-card product (to address political pressure) and CEO warnings that rate caps would restrict credit suggest potential margin compression and regulatory risk if a cap or voluntary product becomes widespread. Bank of America, Citigroup consider new credit cards with 10% rate, Bloomberg News reports
• Negative Sentiment: Citi research flagged risks from Japan bond-market turmoil (potential large Treasury selling), a macro shock that could widen funding costs and volatility—an indirect headwind for large banks. Japan Bond Turmoil Risks Up to $130 Billion Treasury Selling, Citi Says

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.