L & S Advisors Inc Boosts Stock Position in Citigroup Inc. $C

L & S Advisors Inc increased its position in shares of Citigroup Inc. (NYSE:C) by 92.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,766 shares of the company’s stock after acquiring an additional 58,658 shares during the quarter. Citigroup comprises 1.0% of L & S Advisors Inc’s holdings, making the stock its 21st biggest position. L & S Advisors Inc’s holdings in Citigroup were worth $10,365,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Accent Capital Management LLC increased its holdings in shares of Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares in the last quarter. Truvestments Capital LLC lifted its position in 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 during the period. DHJJ Financial Advisors Ltd. grew its stake in 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 purchasing an additional 253 shares during the last quarter. HHM Wealth Advisors LLC raised its stake in shares of Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after purchasing an additional 467 shares during the last quarter. Finally, WPG Advisers LLC purchased a new stake 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 $100.71 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. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59. The company has a market cap of $180.20 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The stock’s 50 day simple moving average is $99.57 and its 200-day simple moving average is $89.63.

Citigroup (NYSE:C) last announced its quarterly 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 for 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 company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.4%. Citigroup’s dividend payout ratio is currently 33.71%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Piper Sandler increased their price target on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. TD Cowen upped their target price on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. The Goldman Sachs Group reiterated a “buy” rating and set a $118.00 price target on shares of Citigroup in a research report on Tuesday, October 14th. Finally, Cowen reaffirmed a “hold” rating and set a $110.00 price objective on shares of Citigroup in a research note on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average 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.