Citigroup Inc. $C Shares Acquired by Capital Management Corp VA

Capital Management Corp VA lifted its stake in Citigroup Inc. (NYSE:C) by 19.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 136,546 shares of the company’s stock after acquiring an additional 22,637 shares during the period. Citigroup accounts for approximately 2.0% of Capital Management Corp VA’s portfolio, making the stock its 23rd biggest position. Capital Management Corp VA’s holdings in Citigroup were worth $11,623,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Secure Asset Management LLC lifted its holdings in shares of Citigroup by 3.7% in the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after purchasing an additional 118 shares during the last quarter. Golden State Equity Partners increased its position in Citigroup by 0.6% during the second quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock worth $1,842,000 after buying an additional 122 shares during the period. Wedmont Private Capital lifted its stake in Citigroup by 0.5% in the second quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock valued at $2,034,000 after buying an additional 129 shares during the last quarter. RDA Financial Network boosted its holdings in shares of Citigroup by 3.4% in the second quarter. RDA Financial Network now owns 3,940 shares of the company’s stock valued at $335,000 after acquiring an additional 130 shares during the period. Finally, Richardson Financial Services Inc. grew its position in shares of Citigroup by 6.1% during the second quarter. Richardson Financial Services Inc. now owns 2,270 shares of the company’s stock worth $196,000 after acquiring an additional 130 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

Shares of C opened at $99.83 on Wednesday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The stock’s 50 day moving average is $97.25 and its two-hundred day moving average is $84.16. The firm has a market capitalization of $183.78 billion, a PE ratio of 14.75, a P/E/G ratio of 0.84 and a beta of 1.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). The business had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is 35.45%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on C shares. Morgan Stanley upped their price target on shares of Citigroup from $107.00 to $129.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. Piper Sandler boosted their price target on Citigroup from $84.00 to $104.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Citigroup in a research note on Wednesday, July 16th. Finally, UBS Group reiterated a “neutral” rating and issued a $89.00 target price on shares of Citigroup in a research note on Tuesday, July 15th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned 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 $101.25.

About Citigroup

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.