Kingsman Wealth Management Inc. Invests $1.82 Million in Citigroup Inc. $C

Kingsman Wealth Management Inc. purchased a new position in shares of Citigroup Inc. (NYSE:C) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,883 shares of the company’s stock, valued at approximately $1,815,000. Citigroup makes up approximately 1.0% of Kingsman Wealth Management Inc.’s investment portfolio, making the stock its 19th largest position.

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

Key Stores Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Piper Sandler raised its price target on Citigroup to $130 and kept an “overweight” rating, signaling analyst confidence in upside and supporting the stock. Piper Sandler Price Target Raise
• Positive Sentiment: J.P. Morgan (analyst Vivek Juneja) has maintained a Buy stance, arguing the Russia exit and related adjustments support a cleaner risk profile and modest capital benefits. J.P. Morgan Buy Rating
• Positive Sentiment: Analysts and commentators note that completing the Russia exit removes an ongoing geopolitical exposure and could modestly improve capital flexibility over time — a potential longer-term positive for valuation. Russia Exit: Bigger Win Argument
• Neutral Sentiment: Citigroup’s head of U.S. equity strategy said the market is in a “boom” rather than a bubble — a macro viewpoint that supports risk appetite but is not a direct company catalyst. Market Comment from Citi Strategist
• Neutral Sentiment: Small institutional buying: Apella Capital disclosed a modest stake purchase in Citigroup, a minor vote of confidence but not a material ownership change. Apella Capital Stake
• Neutral Sentiment: Citi research calls (including high-profile Bitcoin and crypto scenario notes) and wider bank-sector optimism add context but are unlikely to move the stock immediately. Citi Research Notes
• Negative Sentiment: Citigroup’s board approved the sale of AO Citibank in Russia, which will trigger a one-time pre-tax loss of roughly $1.1–$1.2 billion in the current quarter — an immediate earnings and capital hit that is pressuring the stock. Reuters: Board Approves Russia Unit Sale

Citigroup Trading Down 0.8%

Shares of C opened at $117.13 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $122.84. The stock has a market cap of $209.58 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21. The firm has a 50 day simple moving average of $105.83 and a 200-day simple moving average of $97.88.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating 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 analysts’ expectations of $20.92 billion. During the same quarter in the prior year, the firm earned $1.51 EPS. Citigroup’s quarterly revenue was up 9.3% on a year-over-year basis. Equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on C shares. Piper Sandler raised their price objective on shares of Citigroup from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday. Bank of America increased their target price on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Barclays upped their price target on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. raised Citigroup from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $107.00 to $124.00 in a research note on Friday, December 12th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.25.

About Citigroup

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.