Vest Financial LLC Grows Stake in Citigroup Inc. $C

Vest Financial LLC grew its position in Citigroup Inc. (NYSE:C) by 39.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 21,561 shares of the company’s stock after purchasing an additional 6,079 shares during the period. Vest Financial LLC’s holdings in Citigroup were worth $1,835,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisory Group LLC grew its holdings in shares of Citigroup by 20.8% during the first quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock valued at $4,940,000 after buying an additional 11,978 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after buying an additional 12,499 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Citigroup by 109.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company’s stock valued at $88,458,000 after buying an additional 649,807 shares during the last quarter. Onyx Bridge Wealth Group LLC purchased a new stake in shares of Citigroup during the first quarter valued at $214,000. Finally, Hayek Kallen Investment Management grew its holdings in shares of Citigroup by 125.0% during the first quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock valued at $1,103,000 after buying an additional 8,630 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Wells Fargo & Company upped their price target on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Bank of America upped their price target on shares of Citigroup from $89.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, June 26th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $89.00 price target on shares of Citigroup in a report on Tuesday, July 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $101.25.

Citigroup Trading Up 3.9%

Shares of Citigroup stock opened at $99.83 on Wednesday. The firm has a 50-day simple moving average of $97.25 and a two-hundred day simple moving average of $84.16. The company has a market cap of $183.78 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99.

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

Citigroup Announces Dividend

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