Keystone Financial Services Invests $216,000 in Citigroup Inc. $C

Keystone Financial Services bought a new stake in Citigroup Inc. (NYSE:C) in the second quarter, Holdings Channel.com reports. The institutional investor bought 2,543 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Onyx Bridge Wealth Group LLC increased its position in Citigroup by 3.6% in the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock worth $265,000 after purchasing an additional 109 shares during the last quarter. Fullcircle Wealth LLC grew its stake in shares of Citigroup by 0.9% in the 2nd quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock valued at $1,206,000 after buying an additional 111 shares in the last quarter. Secure Asset Management LLC increased its holdings in Citigroup by 3.7% in the second quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock worth $280,000 after buying an additional 118 shares during the last quarter. Golden State Equity Partners raised its position in Citigroup by 0.6% during the second quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock valued at $1,842,000 after acquiring an additional 122 shares in the last quarter. Finally, Wedmont Private Capital lifted its stake in Citigroup by 0.5% in the second quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock valued at $2,034,000 after acquiring an additional 129 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 0.1%

Shares of NYSE:C opened at $100.74 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s 50-day moving average is $99.12 and its 200-day moving average is $88.67. The company has a market cap of $185.45 billion, a P/E ratio of 14.15, a P/E/G ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.35. The firm had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.4%. Citigroup’s payout ratio is 33.71%.

Analyst Ratings Changes

C has been the topic of several analyst reports. UBS Group restated a “neutral” rating and set a $89.00 price target on shares of Citigroup in a research note on Tuesday, July 15th. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. The Goldman Sachs Group restated a “buy” rating and set a $118.00 target price on shares of Citigroup in a report on Tuesday, October 14th. Keefe, Bruyette & Woods upped their price target on Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Cowen reissued a “hold” rating and set a $110.00 price objective on shares of Citigroup in a report on Wednesday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $107.63.

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.