WealthShield Partners LLC Purchases 4,388 Shares of Citigroup Inc. $C

WealthShield Partners LLC raised its position in Citigroup Inc. (NYSE:C) by 9.3% in the 2nd quarter, Holdings Channel reports. The firm owned 51,488 shares of the company’s stock after buying an additional 4,388 shares during the quarter. WealthShield Partners LLC’s holdings in Citigroup were worth $4,383,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in C. Meridian Wealth Management LLC lifted its position in Citigroup by 4.4% in the second quarter. Meridian Wealth Management LLC now owns 26,643 shares of the company’s stock valued at $2,268,000 after purchasing an additional 1,122 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Citigroup by 6.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 458,072 shares of the company’s stock worth $38,991,000 after buying an additional 28,803 shares during the period. Foundations Investment Advisors LLC raised its holdings in Citigroup by 20.2% during the 2nd quarter. Foundations Investment Advisors LLC now owns 462,049 shares of the company’s stock valued at $39,330,000 after buying an additional 77,759 shares during the last quarter. Advisors Capital Management LLC boosted its position in Citigroup by 30.3% during the 2nd quarter. Advisors Capital Management LLC now owns 1,195,590 shares of the company’s stock valued at $101,769,000 after buying an additional 278,231 shares during the period. Finally, L & S Advisors Inc boosted its position in Citigroup by 92.9% during the 2nd quarter. L & S Advisors Inc now owns 121,766 shares of the company’s stock valued at $10,365,000 after buying an additional 58,658 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C opened at $100.24 on Friday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The business’s fifty day simple moving average is $99.66 and its two-hundred day simple moving average is $89.85. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. The company has a market cap of $179.35 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last released 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 company had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.Citigroup’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed 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 dividend yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is presently 33.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on C shares. Dbs Bank downgraded shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $118.00 price objective on shares of Citigroup in a report on Tuesday, October 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price target on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Finally, Bank of America upped their price objective on shares of Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.