Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in Citigroup Inc. $C

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Citigroup Inc. (NYSE:C) by 6.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,577,943 shares of the company’s stock after buying an additional 230,403 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Citigroup were worth $304,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Accent Capital Management LLC lifted its position in Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares during the period. DHJJ Financial Advisors Ltd. raised its stake 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 during the last quarter. Truvestments Capital LLC lifted its holdings in shares of Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares during the period. Legacy Investment Solutions LLC purchased a new stake in Citigroup in the second quarter valued at approximately $38,000. Finally, HHM Wealth Advisors LLC boosted its position in Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after buying an additional 467 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on C shares. Oppenheimer reduced their price target on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Cowen reiterated a “hold” rating and issued a $110.00 price objective on shares of Citigroup in a research note on Wednesday, October 15th. Morgan Stanley raised their target price on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Finally, Piper Sandler upped their price target on shares of Citigroup from $107.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Stock Performance

C opened at $100.74 on Friday. The firm has a fifty day moving average price of $99.12 and a 200 day moving average price of $88.67. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The stock 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. 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 $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. The company had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be issued a $0.60 dividend. 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 dividend payout ratio is presently 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.