Oppenheimer Asset Management Inc. Grows Position in Citigroup Inc. $C

Oppenheimer Asset Management Inc. increased its holdings in shares of Citigroup Inc. (NYSE:C) by 5.4% during the second quarter, Holdings Channel.com reports. The fund owned 1,252,758 shares of the company’s stock after purchasing an additional 64,423 shares during the quarter. Citigroup accounts for about 1.2% of Oppenheimer Asset Management Inc.’s holdings, making the stock its 7th biggest position. Oppenheimer Asset Management Inc.’s holdings in Citigroup were worth $106,635,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of C. Goldman Sachs Group Inc. grew its stake in Citigroup by 179.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after buying an additional 9,334,038 shares in the last quarter. Nuveen LLC acquired a new stake in Citigroup during the first quarter worth about $578,100,000. Amundi grew its stake in Citigroup by 78.4% during the first quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after buying an additional 6,026,268 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Citigroup by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock worth $2,917,794,000 after buying an additional 2,539,769 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG grew its stake in Citigroup by 2,230.8% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock worth $186,726,000 after buying an additional 2,517,459 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Up 2.1%

NYSE:C opened at $98.77 on Friday. The firm’s 50 day simple moving average is $97.93 and its 200 day simple moving average is $86.05. 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 Inc. has a one year low of $55.51 and a one year high of $105.59. The company has a market cap of $181.82 billion, a PE ratio of 13.87, a P/E/G ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last posted its 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). Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. During the same quarter in the prior year, the business earned $1.51 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is presently 33.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on C shares. Evercore ISI set a $77.00 price objective on shares of Citigroup in a research note on Monday, July 7th. Keefe, Bruyette & Woods increased their price objective on shares of Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Morgan Stanley raised their price target on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. The Goldman Sachs Group restated a “buy” rating and issued a $118.00 price target on shares of Citigroup in a research note on Tuesday, October 14th. Finally, TD Cowen raised their price target on shares of Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.63.

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.