Cerity Partners LLC Increases Stock Holdings in Citigroup Inc. $C

Cerity Partners LLC lifted its position in Citigroup Inc. (NYSE:C) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,029,530 shares of the company’s stock after acquiring an additional 34,184 shares during the quarter. Cerity Partners LLC’s holdings in Citigroup were worth $104,496,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Brookstone Capital Management grew its stake in Citigroup by 31.5% in the 3rd quarter. Brookstone Capital Management now owns 75,914 shares of the company’s stock worth $7,705,000 after buying an additional 18,176 shares in the last quarter. Permanent Capital Management LP bought a new position in shares of Citigroup during the third quarter valued at about $1,238,000. Perigon Wealth Management LLC increased its stake in Citigroup by 27.2% in the 3rd quarter. Perigon Wealth Management LLC now owns 75,566 shares of the company’s stock worth $7,670,000 after purchasing an additional 16,171 shares during the period. Keystone Financial Services purchased a new position in shares of Citigroup in the second quarter worth $216,000. Finally, Brighton Jones LLC raised its stake in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi won a major underwriting mandate — India’s top asset manager tapped Citi (and HSBC) to lead a US$1.4B IPO, a meaningful fee win that supports revenue from investment banking and strengthens Citi’s franchise in fast‑growing EM capital markets. Read More.
• Positive Sentiment: Momentum: Citi recently hit a 52‑week high, reflecting positive investor sentiment from strategic exits, easing regulation and a softer short‑rate outlook that should help the bank’s funding and credit outlook. This technical strength can attract momentum and institutional flows. Read More.
• Positive Sentiment: Fundamentals: Citi’s recent quarterly results showed an earnings beat and revenue growth year‑over‑year, supporting the bullish case for durable profitability improvements if rates and fee businesses stabilize. Read More.
• Neutral Sentiment: Small/technical moves: Citi entities exited substantial‑holder status in an Australian stock (Vulcan Energy), a bookkeeping/positioning update that is unlikely to move Citi’s core fundamentals but may affect perceived trading flows in niche listings. Read More.
• Negative Sentiment: Client/team loss: Wells Fargo Advisors has recruited an ultra‑high‑net‑worth advisory team managing roughly $1.2B from Citi — a direct hit to Citi’s wealth management AUM and recurring fees and a visible sign of advisor attrition risk in private banking/advisory. This kind of client migration can pressure fee revenue and investor sentiment. Read More.
• Negative Sentiment: Valuation/expectations risk: Commentary from independent analysts and blogs warns Citi may be “priced for perfection” after the rally — consensus earnings appear ambitious and any slip vs. forecasts or signs that NIM/loan growth normalizes slower than expected could prompt a pullback. That critique increases sensitivity to execution misses. Read More.

Citigroup Price Performance

Shares of C opened at $122.52 on Wednesday. The firm has a market cap of $219.22 billion, a PE ratio of 17.21, a P/E/G ratio of 0.48 and a beta of 1.18. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. The firm has a fifty day simple moving average of $107.90 and a two-hundred day simple moving average of $99.34. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $124.17.

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

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is presently 33.71%.

Analyst Ratings Changes

C has been the subject of a number of research analyst reports. Wells Fargo & Company set a $150.00 price target on Citigroup in a research note on Monday. Keefe, Bruyette & Woods raised their price objective on Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. The Goldman Sachs Group upped their price objective on Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday. Piper Sandler lifted their target price on Citigroup from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, December 30th. Finally, Cowen restated a “hold” rating on shares of Citigroup in a research note on Wednesday, December 10th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.69.

Citigroup Company 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.