VeraBank N.A. Acquires Shares of 3,046 Citigroup Inc. $C

VeraBank N.A. acquired a new position in shares of Citigroup Inc. (NYSE:C) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,046 shares of the company’s stock, valued at approximately $259,000.

Several other large investors have also recently bought and sold shares of C. Accent Capital Management LLC lifted its holdings 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 buying an additional 212 shares during the last quarter. Truvestments Capital LLC raised its position 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 acquiring an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. lifted its stake in Citigroup by 157.1% during 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. HHM Wealth Advisors LLC increased its stake 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 purchasing an additional 467 shares during the last quarter. Finally, WPG Advisers LLC purchased a new position in Citigroup in the first quarter valued at approximately $38,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on C. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Oppenheimer dropped their price objective on Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Barclays lifted their target price on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Truist Financial raised their price target on Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $107.63.

Citigroup Stock Performance

NYSE C opened at $100.73 on Wednesday. The firm has a market cap of $185.43 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. The business’s 50-day moving average price is $99.34 and its 200 day moving average price is $89.46. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. During the same period last year, the firm earned $1.51 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

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

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.