Searle & CO. Takes Position in Citigroup Inc. $C

Searle & CO. acquired a new position in shares of Citigroup Inc. (NYSE:C) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,589 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Accent Capital Management LLC increased its position in Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the last quarter. Truvestments Capital LLC increased its holdings in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after buying an additional 246 shares during the last quarter. DHJJ Financial Advisors Ltd. raised its position in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after buying an additional 253 shares during the period. HHM Wealth Advisors LLC raised its position in shares of Citigroup by 805.2% during the 1st 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 period. Finally, WPG Advisers LLC acquired a new position in Citigroup in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE C opened at $100.74 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. 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. The stock has a 50-day moving average of $99.12 and a two-hundred day moving average of $88.84. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating the consensus estimate of $1.89 by $0.35. The business had revenue of $22.09 billion during 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 business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently declared 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. This represents a $2.40 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is currently 33.71%.

Analyst Ratings Changes

A number of research firms have commented on C. Cowen restated a “hold” rating and issued a $110.00 target price on shares of Citigroup in a research report on Wednesday, October 15th. UBS Group restated a “neutral” rating and issued a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Bank of America increased their target price on shares of Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $118.00 price target on shares of Citigroup in a research note on Tuesday, October 14th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $107.63.

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.