Asset Management One Co. Ltd. Acquires 37,410 Shares of Citigroup Inc. $C

Asset Management One Co. Ltd. raised its position in Citigroup Inc. (NYSE:C) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 934,602 shares of the company’s stock after purchasing an additional 37,410 shares during the quarter. Asset Management One Co. Ltd. owned 0.05% of Citigroup worth $79,553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in C. R Squared Ltd increased its position in shares of Citigroup by 150.2% during the second quarter. R Squared Ltd now owns 8,382 shares of the company’s stock worth $713,000 after acquiring an additional 5,032 shares during the period. AlTi Global Inc. increased its position in shares of Citigroup by 8.8% during the second quarter. AlTi Global Inc. now owns 6,394 shares of the company’s stock worth $545,000 after acquiring an additional 518 shares during the period. Cardinal Point Capital Management ULC increased its position in shares of Citigroup by 7.4% during the second quarter. Cardinal Point Capital Management ULC now owns 18,157 shares of the company’s stock worth $1,546,000 after acquiring an additional 1,250 shares during the period. 180 Wealth Advisors LLC purchased a new position in shares of Citigroup during the second quarter worth approximately $206,000. Finally, Carnegie Investment Counsel purchased a new position in shares of Citigroup during the second quarter worth approximately $266,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

C has been the topic of a number of research reports. Wells Fargo & Company raised their target price 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. Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Morgan Stanley lifted their price objective on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Truist Financial lifted their price objective on shares of Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.63.

Citigroup Trading Up 0.3%

NYSE C opened at $96.62 on Friday. The company has a market capitalization of $177.87 billion, a PE ratio of 13.57, a P/E/G ratio of 0.81 and a beta of 1.37. The company has a fifty day moving average of $97.83 and a 200 day moving average of $85.58. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. 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 posted 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 analyst estimates of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current 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 2.5%. Citigroup’s dividend payout ratio is 33.71%.

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.