Citigroup Inc. $C Shares Sold by Westbourne Investment Advisors Inc.

Westbourne Investment Advisors Inc. cut its stake in Citigroup Inc. (NYSE:C) by 6.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,034 shares of the company’s stock after selling 5,296 shares during the period. Citigroup makes up approximately 2.1% of Westbourne Investment Advisors Inc.’s holdings, making the stock its 15th largest holding. Westbourne Investment Advisors Inc.’s holdings in Citigroup were worth $7,616,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brookstone Capital Management raised its stake in shares of Citigroup by 31.5% during 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 during the last quarter. Keystone Financial Services purchased a new position in Citigroup during the 2nd quarter valued at about $216,000. Brighton Jones LLC raised its position in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Citigroup by 3.9% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 257,930 shares of the company’s stock worth $21,955,000 after acquiring an additional 9,644 shares during the last quarter. Finally, Permanent Capital Management LP purchased a new stake in shares of Citigroup in the third quarter valued at about $1,238,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: J.P. Morgan reiterates a Buy on C, arguing that accepting a non-cash Russia exit loss yields a cleaner risk profile and a modest capital uplift — a constructive take that helps offset near-term headline risk. Citigroup: Accepting a Non-Cash Russia Exit Loss for a Cleaner Risk Profile and Modest Capital Uplift Supports Buy Rating
• Neutral Sentiment: Coverage notes that while the Russia sale will cost the bank ~$1.1B, investors may focus on the strategic benefit of completing the exit and potential longer-term upside from simplified operations. Citigroup’s Russia Exit Costs $1.1B, but Investors May Be Watching the Bigger Win
• Neutral Sentiment: Small institutional buying seen in a recent SEC filing — Apella Capital added ~4,378 shares — a modest sign of pickup from some funds but not material to the stock’s short-term direction. 4,378 Shares in Citigroup Inc. $C Acquired by Apella Capital LLC
• Negative Sentiment: Citigroup’s board approved the sale of AO Citibank in Russia to Renaissance Capital, signaling the end of its on-the-ground presence there; the transaction will produce a Q4 pre-tax loss of about $1.2B, pressuring quarterly results and near-term EPS. Citigroup board approves sale of Russia unit AO Citibank, flags $1.2 billion loss
• Negative Sentiment: Multiple outlets report the hit as roughly $1.1–$1.2B, a material one-off that will weigh on Q4 results and reported capital metrics this quarter, prompting some short-term underperformance versus peers. Citi To Sell AO Citibank, Take $1.2 Billion Loss In Russia Exit

Analyst Ratings Changes

C has been the subject of a number of recent research reports. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. TD Cowen upped their target price on shares of Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Cowen restated a “hold” rating on shares of Citigroup in a research report on Wednesday, December 10th. Wolfe Research reiterated an “outperform” rating and issued a $121.00 price target on shares of Citigroup in a report on Wednesday, December 17th. Finally, Keefe, Bruyette & Woods increased their price target on Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $114.50.

Citigroup Price Performance

Shares of Citigroup stock opened at $118.05 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $122.84. The stock has a market capitalization of $211.22 billion, a P/E ratio of 16.58, a PEG ratio of 0.60 and a beta of 1.21. The business’s fifty day moving average price is $105.45 and its 200 day moving average price is $97.59.

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

Citigroup Dividend Announcement

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

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.