Knights of Columbus Asset Advisors LLC Raises Holdings in Citigroup Inc. $C

Knights of Columbus Asset Advisors LLC lifted its holdings in Citigroup Inc. (NYSE:C) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,202 shares of the company’s stock after buying an additional 1,364 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Citigroup were worth $6,657,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of C. MorganRosel Wealth Management LLC acquired a new stake in shares of Citigroup in the first quarter valued at about $28,000. Accent Capital Management LLC increased its holdings in Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after buying an additional 212 shares in the last quarter. Truvestments Capital LLC lifted its position in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after acquiring an additional 246 shares during the period. DHJJ Financial Advisors Ltd. lifted its position in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after acquiring an additional 253 shares during the period. Finally, HHM Wealth Advisors LLC boosted its stake in shares of Citigroup by 805.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after acquiring an additional 467 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wall Street Zen upgraded Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. UBS Group restated a “neutral” rating and set a $89.00 target price on shares of Citigroup in a report on Tuesday, July 15th. The Goldman Sachs Group upped their price target on shares of Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Wells Fargo & Company increased their price target on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Finally, Morgan Stanley lifted their price objective on Citigroup from $107.00 to $129.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $99.68.

Insider Transactions at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by company insiders.

Citigroup Stock Performance

Shares of C stock opened at $97.58 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The company has a market cap of $179.64 billion, a PE ratio of 14.41, a P/E/G ratio of 0.84 and a beta of 1.37. The company’s fifty day simple moving average is $96.79 and its 200-day simple moving average is $83.05. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were issued a $0.60 dividend. The ex-dividend date was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. This is a boost from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio (DPR) is currently 35.45%.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.