Onyx Bridge Wealth Group LLC Boosts Holdings in Citigroup Inc. $C

Onyx Bridge Wealth Group LLC raised its holdings in Citigroup Inc. (NYSE:C) by 3.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,117 shares of the company’s stock after acquiring an additional 109 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Citigroup were worth $265,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Secure Asset Management LLC grew its holdings in 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 buying an additional 118 shares during the period. Golden State Equity Partners grew its holdings in Citigroup by 0.6% in the 2nd quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock valued at $1,842,000 after buying an additional 122 shares during the period. Wedmont Private Capital lifted its stake in shares of Citigroup by 0.5% in the 2nd quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock valued at $2,034,000 after purchasing an additional 129 shares in the last quarter. RDA Financial Network lifted its stake in shares of Citigroup by 3.4% in the 2nd quarter. RDA Financial Network now owns 3,940 shares of the company’s stock valued at $335,000 after purchasing an additional 130 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its stake in shares of Citigroup by 6.1% in the 2nd quarter. Richardson Financial Services Inc. now owns 2,270 shares of the company’s stock valued at $196,000 after purchasing an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Evercore ISI set a $77.00 price objective on Citigroup in a research note on Monday, July 7th. Morgan Stanley lifted their price objective on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Bank of America lifted their price objective on Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Stock Performance

Citigroup stock opened at $96.36 on Thursday. The stock’s 50 day moving average price is $97.81 and its 200 day moving average price is $85.32. The firm has a market capitalization of $177.39 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.82 and a beta of 1.37. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.03). The company had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect 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 Wednesday, November 26th. Investors of record on Monday, November 3rd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.5%. Citigroup’s payout ratio is 33.71%.

Citigroup Company 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.