Citigroup Inc. $C Shares Purchased by Leuthold Group LLC

Leuthold Group LLC lifted its holdings in Citigroup Inc. (NYSE:C) by 9.6% during the third quarter, according to the company in its most recent Form 13F 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 approximately 1.0% of Leuthold Group LLC’s investment portfolio, making the stock its 20th biggest holding. Leuthold Group LLC’s holdings in Citigroup were worth $11,436,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Palacios Wealth Management LLC increased its stake in shares of Citigroup by 10.2% during the 3rd quarter. Palacios Wealth Management LLC now owns 5,482 shares of the company’s stock worth $710,000 after purchasing an additional 507 shares during the last quarter. Private Management Group Inc. grew its holdings in Citigroup by 0.3% during the third quarter. Private Management Group Inc. now owns 30,372 shares of the company’s stock worth $3,933,000 after purchasing an additional 92 shares during the period. Joseph Group Capital Management increased its position in Citigroup by 13.6% during the third quarter. Joseph Group Capital Management now owns 810 shares of the company’s stock worth $105,000 after buying an additional 97 shares during the last quarter. Fulcrum Asset Management LLP increased its position in Citigroup by 2,401.1% during the third quarter. Fulcrum Asset Management LLP now owns 6,553 shares of the company’s stock worth $857,000 after buying an additional 6,291 shares during the last quarter. Finally, Griffith & Werner Inc. increased its position in Citigroup by 2.0% during the third quarter. Griffith & Werner Inc. now owns 63,555 shares of the company’s stock worth $8,229,000 after buying an additional 1,221 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Up 2.5%

Shares of C stock opened at $122.01 on Tuesday. The firm has a 50 day moving average price of $128.71 and a two-hundred day moving average price of $126.64. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $208.09 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 0.55 and a beta of 1.18. Citigroup Inc. has a 12-month low of $95.83 and a 12-month high of $147.96.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.66 by $0.19. The company had revenue of $23.84 billion for the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 earnings per share. As a group, analysts predict that Citigroup Inc. will post 11.44 earnings per share for the current year.

Citigroup Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen upgraded Citigroup from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group set a $148.00 target price on Citigroup in a research note on Wednesday, October 14th. Weiss Ratings lowered Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 2nd. TD Cowen decreased their target price on Citigroup from $150.00 to $148.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Citigroup in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus price target of $150.87.

More 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

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.