Meadowbrook Wealth Management LLC Purchases 5,578 Shares of Citigroup Inc. $C

Meadowbrook Wealth Management LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,578 shares of the company’s stock, valued at approximately $722,000.

A number of other hedge funds have also recently modified their holdings of the company. Artemis Investment Management LLP boosted its holdings in Citigroup by 51.8% in the 3rd quarter. Artemis Investment Management LLP now owns 524,114 shares of the company’s stock valued at $67,862,000 after purchasing an additional 178,858 shares during the last quarter. Apella Capital LLC grew its stake in shares of Citigroup by 5.3% in the 3rd quarter. Apella Capital LLC now owns 14,118 shares of the company’s stock valued at $1,797,000 after buying an additional 707 shares during the period. Avidian Wealth Enterprises LLC increased its holdings in shares of Citigroup by 1.6% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 39,940 shares of the company’s stock worth $5,171,000 after buying an additional 645 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Citigroup by 2.2% during the 3rd quarter. Valeo Financial Advisors LLC now owns 43,307 shares of the company’s stock worth $5,607,000 after buying an additional 947 shares during the last quarter. Finally, New Covenant Trust Company N.A. raised its position in shares of Citigroup by 8.1% during the 3rd quarter. New Covenant Trust Company N.A. now owns 3,631 shares of the company’s stock valued at $470,000 after buying an additional 273 shares during the period. 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 with a Buy rating and a $150 price target, implying substantial upside from recent trading levels. The firm’s bullish view adds fresh institutional support to the stock. Benzinga analyst coverage report
• Positive Sentiment: Investors are positioning ahead of third-quarter results, which are expected to benefit from higher net interest income and market-related revenue. Cost controls, capital returns and progress on Citi’s restructuring will be important earnings catalysts. Zacks Q3 earnings preview
• Positive Sentiment: Several analysts and financial publications argue that Citi’s transformation could drive a valuation rerating. Estimates suggest the stock could gain roughly 28% to 30% if it trades closer to larger banking peers, while the company’s current valuation remains relatively inexpensive. Barron’s Citigroup valuation analysis
• Positive Sentiment: Citi’s expanded collaboration with Coinbase and connection of its payments network to stablecoin infrastructure could create longer-term growth opportunities in corporate payments, digital assets and e-commerce. Citi also expanded the use of ThankYou points through Xsolla, potentially increasing cardmember engagement. Citi and Coinbase stablecoin partnership
• Neutral Sentiment: Analyst views are constructive but not unanimous: Autonomous Research trimmed its target to $146 while maintaining Outperform, and UBS reduced its target to $139. These targets still exceed recent trading levels but signal expectations for more moderate upside. Autonomous Research price-target update
• Negative Sentiment: Spiking Treasury yields are creating broader pressure for banks ahead of earnings. Although higher rates can support lending income, rapid yield increases may hurt bond portfolios, funding costs, credit conditions and investment-banking activity. Zacks banking-sector analysis

Citigroup Trading Up 0.5%

Shares of C stock traded up $0.64 during trading hours on Thursday, hitting $127.96. The company had a trading volume of 7,902,918 shares, compared to its average volume of 12,474,080. 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 stock has a market capitalization of $218.24 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13. The company’s fifty day moving average is $133.89 and its 200 day moving average is $131.18. Citigroup Inc. has a fifty-two week low of $93.66 and a fifty-two week high of $147.96.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.41. The firm had revenue of $24.77 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $1.96 EPS. Research analysts expect that Citigroup Inc. will post 11.19 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This is a boost from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.1%. Citigroup’s payout ratio is presently 28.94%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Argus set a $150.00 price objective on Citigroup in a report on Wednesday, July 15th. UBS Group reduced their target price on Citigroup from $142.00 to $139.00 and set a “neutral” rating on the stock in a research report on Monday. Morgan Stanley upped their price target on Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. TD Cowen assumed coverage on Citigroup in a report on Thursday. They set a “buy” rating and a $150.00 price target for the company. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $150.00 price objective on shares of Citigroup in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.28.

About Citigroup

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.