Citigroup Inc. $C Stock Acquired by Wedmont Private Capital

Wedmont Private Capital grew its holdings in Citigroup Inc. (NYSE:C) by 25.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,692 shares of the company’s stock after acquiring an additional 6,580 shares during the period. Wedmont Private Capital’s holdings in Citigroup were worth $4,007,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cora Capital Advisors LLC raised its holdings in Citigroup by 3.1% in the 1st quarter. Cora Capital Advisors LLC now owns 2,609 shares of the company’s stock worth $296,000 after purchasing an additional 78 shares during the period. CFS Investment Advisory Services LLC raised its stake in shares of Citigroup by 0.4% in the first quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock worth $2,336,000 after buying an additional 79 shares during the period. Grove Bank & Trust lifted its position in shares of Citigroup by 1.8% during the 3rd quarter. Grove Bank & Trust now owns 4,549 shares of the company’s stock valued at $589,000 after buying an additional 79 shares in the last quarter. American Trust increased its holdings in Citigroup by 3.6% in the 2nd quarter. American Trust now owns 2,331 shares of the company’s stock worth $326,000 after acquiring an additional 80 shares in the last quarter. Finally, Invst LLC lifted its holdings in Citigroup by 0.8% during the second quarter. Invst LLC now owns 9,601 shares of the company’s stock valued at $1,344,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: TD Cowen initiated coverage of Citigroup with a “buy” rating and a $150 price target, implying meaningful upside from recent trading levels. The call adds to optimism that Citi can close its valuation gap with larger banking peers.
• Positive Sentiment: Analysts expect third-quarter results to benefit from higher net interest income and strong markets revenue. Investors will also watch for progress on cost reductions, capital returns and the bank’s restructuring efforts. Citigroup Q3 earnings preview
• Positive Sentiment: Commentary on Citi’s transformation argues that improved execution could support a substantial rerating, with the stock trading at a discount to competitors despite potential for better returns on capital. Citigroup transformation article
• Positive Sentiment: Citi’s expanded collaboration with Coinbase connects its payment infrastructure to stablecoin and digital-asset rails. Investors may view the initiative as a long-term growth opportunity in corporate payments and e-commerce.
• Neutral Sentiment: Citigroup and JPMorgan both raised their dividends, but comparisons highlight Citi’s history of sharply reducing payouts during periods of stress. The issue is relevant for income-focused investors even though the latest dividend increase is supportive.
• Neutral Sentiment: A recent analysis questions whether Citi’s roughly 238% three-year share-price gain is fully supported by sustainable improvements in profitability and capital efficiency, raising the possibility that some favorable expectations are already reflected in the stock. Citigroup valuation analysis
• Negative Sentiment: UBS lowered its Citigroup price target to $139, signaling more limited upside than the $150 TD Cowen target and creating a mixed analyst backdrop.
• Negative Sentiment: Broader banking commentary warns that sharply rising bond yields can pressure securities portfolios, funding costs and credit conditions ahead of third-quarter earnings. Weaker consumer spending, including a reported decline in luxury purchases on credit cards, could also weigh on card-related activity.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. TD Cowen initiated coverage on shares of Citigroup in a report on Thursday. They issued a “buy” rating and a $150.00 target price for the company. UBS Group cut their price target on Citigroup from $142.00 to $139.00 and set a “neutral” rating for the company in a research note on Monday. Weiss Ratings cut Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Finally, HSBC started coverage on Citigroup in a research report on Monday, September 28th. They set a “buy” rating and a $164.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.28.

Citigroup Trading Up 0.7%

Shares of Citigroup stock traded up $0.94 during trading on Friday, hitting $129.02. The stock had a trading volume of 2,859,986 shares, compared to its average volume of 12,423,564. Citigroup Inc. has a 12 month low of $93.66 and a 12 month high of $147.96. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The firm’s fifty day simple moving average is $133.80 and its 200-day simple moving average is $131.31. The stock has a market cap of $220.06 billion, a PE ratio of 13.93, a PEG ratio of 0.56 and a beta of 1.13.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. The company had revenue of $24.77 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.96 EPS. As a group, sell-side analysts expect that Citigroup Inc. will post 11.19 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were issued a $0.67 dividend. The ex-dividend date was Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a dividend yield of 2.1%. Citigroup’s dividend payout ratio (DPR) is currently 28.94%.

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City and listed on the New York Stock Exchange under the symbol C. Through its subsidiaries and businesses, Citi provides banking, lending, investment, payments, wealth management and other financial services to consumers, businesses, governments and institutional clients.

Citi’s principal businesses include Services, which supports institutional clients with treasury, trade, securities services and related solutions; Markets, which provides sales, trading, research and financing services; Banking, which offers investment banking and corporate banking; and Wealth, which provides private banking and wealth management.