Chase Investment Counsel Corp Makes New $649,000 Investment in Citigroup Inc. $C

Chase Investment Counsel Corp purchased a new stake in Citigroup Inc. (NYSE:C) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,396 shares of the company’s stock, valued at approximately $649,000.

A number of other hedge funds have also modified their holdings of C. Wolff Wiese Magana LLC increased its stake in Citigroup by 87.6% in the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after purchasing an additional 120 shares in the last quarter. Guerra Advisors Inc acquired a new position in shares of Citigroup in the 3rd quarter valued at $33,000. Howard Hughes Medical Institute bought a new stake in shares of Citigroup in the 2nd quarter valued at $34,000. Legacy Investment Solutions LLC acquired a new stake in Citigroup during the 2nd quarter worth $38,000. Finally, Capital A Wealth Management LLC bought a new position in Citigroup during the second quarter worth about $38,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

C has been the subject of several recent analyst reports. Piper Sandler set a $135.00 price target on Citigroup in a report on Thursday, January 15th. Oppenheimer increased their target price on Citigroup from $141.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Zacks Research upgraded shares of Citigroup from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.25.

Citigroup Trading Down 4.6%

Shares of NYSE:C opened at $110.67 on Tuesday. The company’s 50-day moving average price is $116.72 and its two-hundred day moving average price is $105.71. Citigroup Inc. has a one year low of $55.51 and a one year high of $125.16. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a market capitalization of $198.02 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18.

Citigroup (NYSE:C) last released its earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.16. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The business had revenue of $19.87 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the business earned $1.34 earnings per share. Citigroup’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.2%. Citigroup’s payout ratio is 34.43%.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi has signed agreements to sell a 24% stake in Banamex to institutional investors and family offices for roughly $2.5 billion — the transaction delivers immediate cash, reduces direct country/asset exposure and is a concrete step toward Citi’s planned Banamex IPO, which can improve capital flexibility and de-risk the group. Citi signs deal to sell 24% equity stake in Banamex
• Neutral Sentiment: Reports (FT / Seeking Alpha / Bloomberg) show Citi is continuing staged stake sales in Banamex ahead of an IPO — this signals management is executing a predictable exit plan, but valuation and timing of a full IPO remain uncertain and will determine the ultimate shareholder benefit. Citi to sell another stake in Mexico’s Banamex ahead of IPO
• Negative Sentiment: Financial-sector weakness is pressuring Citi along with peers — a late-afternoon pullback in financial stocks is amplifying downward moves in C, driven by macro risk aversion and rate/earnings concerns. Sector Update: Financial Stocks Decline Late Afternoon
• Negative Sentiment: Security disruptions in Mexico after the killing of a cartel leader have led to travel advisories and localized chaos; this raises short-term operational and reputational risks for Banamex and could complicate IPO timing/valuation if market access or branch operations are affected. U.S. asks citizens in Mexico to shelter after cartel leader killed
• Negative Sentiment: Analyst commentary flags interest-rate swings as a material risk to Citi’s net interest income and profitability — a reminder that macro/rate path still threatens bank earnings even as Citi monetizes non-core assets. How Interest Rate Swings Threaten Citigroup’s Net Interest Income and Profitability

Insider Activity

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $111.09, for a total value of $4,796,088.57. Following the completion of the sale, the insider owned 45,835 shares of the company’s stock, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

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.