Citigroup Inc. $C Shares Acquired by Leuthold Group LLC

Leuthold Group LLC boosted its holdings in Citigroup Inc. (NYSE:C) by 9.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,326 shares of the company’s stock after purchasing an additional 7,726 shares during the quarter. Citigroup accounts for about 1.0% of Leuthold Group LLC’s portfolio, making the stock its 20th largest holding. Leuthold Group LLC’s holdings in Citigroup were worth $11,436,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of C. Paladin Partners LLC acquired a new position in shares of Citigroup during the 2nd quarter worth approximately $27,000. Bfsg LLC raised its position in shares of Citigroup by 130.7% in the third quarter. Bfsg LLC now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 115 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Citigroup in the second quarter valued at approximately $29,000. Balance Wealth Partners LLC acquired a new stake in shares of Citigroup in the third quarter valued at approximately $27,000. Finally, Center for Financial Planning Inc. boosted its stake in shares of Citigroup by 78.7% in the third quarter. Center for Financial Planning Inc. now owns 243 shares of the company’s stock valued at $31,000 after buying an additional 107 shares during the period. Institutional investors own 71.72% of the company’s stock.

Key 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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Truist Financial lowered their price objective on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. TD Cowen dropped their price objective on Citigroup from $150.00 to $148.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. Wall Street Zen upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings lowered Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.87.

Citigroup Price Performance

C stock opened at $122.01 on Tuesday. The company’s 50-day moving average price is $128.71 and its two-hundred day moving average price is $126.64. The firm has a market cap of $208.09 billion, a P/E ratio of 11.90, a P/E/G ratio of 0.55 and a beta of 1.18. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. Citigroup Inc. has a 12 month low of $95.83 and a 12 month high of $147.96.

Citigroup (NYSE:C) last issued its quarterly 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 company had revenue of $23.84 billion during the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.86 EPS. On average, analysts anticipate that Citigroup Inc. will post 11.44 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, November 2nd. Citigroup’s payout ratio is currently 26.15%.

Citigroup 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.