Stratos Investment Management LLC Buys 7,988 Shares of Citigroup Inc. $C

Stratos Investment Management LLC raised its stake in Citigroup Inc. (NYSE:C) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 144,047 shares of the company’s stock after buying an additional 7,988 shares during the quarter. Stratos Investment Management LLC’s holdings in Citigroup were worth $12,261,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new stake in shares of Citigroup in the first quarter worth $28,000. Accent Capital Management LLC lifted its position in shares of Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares in the last quarter. Truvestments Capital LLC lifted its position in shares of Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. lifted its position in shares of Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares in the last quarter. Finally, HHM Wealth Advisors LLC lifted its position in shares of Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after purchasing an additional 467 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on C shares. Wells Fargo & Company boosted their price objective on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Citigroup in a research report on Wednesday, July 16th. TD Cowen boosted their target price on shares of Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, Cowen restated a “hold” rating and set a $110.00 target price on shares of Citigroup in a report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average target price of $105.90.

Citigroup Price Performance

NYSE:C opened at $96.20 on Friday. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59. The company has a market cap of $177.09 billion, a P/E ratio of 13.51, a P/E/G ratio of 0.87 and a beta of 1.37. The firm’s fifty day moving average price is $97.50 and its two-hundred day moving average price is $84.44. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 14th. The company reported $1.86 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.03). Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The company had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. During the same quarter in the prior year, the firm earned $1.51 earnings per share. Citigroup’s revenue for the quarter was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed 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. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, November 3rd. Citigroup’s payout ratio is currently 33.71%.

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.