Perigon Wealth Management LLC Purchases 16,171 Shares of Citigroup Inc. $C

Perigon Wealth Management LLC increased its holdings in shares of Citigroup Inc. (NYSE:C) by 27.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,566 shares of the company’s stock after buying an additional 16,171 shares during the quarter. Perigon Wealth Management LLC’s holdings in Citigroup were worth $7,670,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMB Wealth Management lifted its holdings in shares of Citigroup by 4.1% during the 3rd quarter. FMB Wealth Management now owns 2,618 shares of the company’s stock valued at $266,000 after purchasing an additional 103 shares in the last quarter. Tritonpoint Wealth LLC lifted its stake in Citigroup by 2.1% in the third quarter. Tritonpoint Wealth LLC now owns 4,989 shares of the company’s stock valued at $506,000 after buying an additional 104 shares in the last quarter. Onyx Bridge Wealth Group LLC boosted its holdings in shares of Citigroup by 3.6% in the second quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock valued at $265,000 after buying an additional 109 shares during the period. Highline Wealth Partners LLC increased its position in shares of Citigroup by 35.3% during the third quarter. Highline Wealth Partners LLC now owns 418 shares of the company’s stock worth $42,000 after acquiring an additional 109 shares in the last quarter. Finally, Fullcircle Wealth LLC raised its holdings in shares of Citigroup by 0.9% during the second quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock worth $1,206,000 after acquiring an additional 111 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Down 1.0%

NYSE:C opened at $120.40 on Friday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $122.84. The firm has a market capitalization of $215.42 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 0.60 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The stock’s 50 day moving average price is $105.08 and its two-hundred day moving average price is $97.18.

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

Citigroup Announces Dividend

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

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Regulatory relief, progress on the Banamex stake sale and growing turnaround optimism are boosting Citi’s valuation narrative — investors view these developments as freeing capital and reducing legacy overhang, supporting a re-rate. Citigroup (C): Valuation Check After Regulatory Relief, Banamex Stake Sale Progress and Turnaround Optimism
• Positive Sentiment: Analyst coverage notes Citi can benefit from an eventual Fed easing cycle — lower funding costs and stronger loan demand would help net interest margins and fee income across big banks, giving Citi upside if macro shifts as expected. The Zacks Analyst Blog Wells Fargo, Bank of America and Citigroup
• Positive Sentiment: Recent sessions showed Citi outperforming peers on bouts of buying interest, indicating pockets of accumulation from traders expecting the turnaround story to play out. Citigroup Inc. stock outperforms competitors on strong trading day
• Neutral Sentiment: Market-support readings and technicals are mixed — some analyses flag that Citi’s momentum indicators and short-interest/market-structure signals leave room for consolidation instead of a clean breakout. Is Citigroup Inc Gaining or Losing Market Support?
• Negative Sentiment: Execution risk and headline sensitivity remain — delays or a smaller-than-expected Banamex sale, plus below-average trading volume and profit-taking after a strong run, can pressure the stock even with positive fundamentals. (Related coverage on the Banamex/regulatory story above.)

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Cowen reiterated a “hold” rating on shares of Citigroup in a report on Wednesday, December 10th. UBS Group reaffirmed a “neutral” rating and set a $108.00 price objective on shares of Citigroup in a research report on Monday, November 24th. Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Bank of America upped their price target on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, Piper Sandler set a $118.00 price objective on shares of Citigroup in a report on Wednesday, December 10th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $114.50.

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.