Citigroup Inc. $C Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in shares of Citigroup Inc. (NYSE:C) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 165,851,890 shares of the company’s stock after buying an additional 1,148,451 shares during the quarter. Vanguard Group Inc. owned 0.09% of Citigroup worth $14,117,313,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in C. Onyx Bridge Wealth Group LLC lifted its position in Citigroup by 3.6% in the second quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock valued at $265,000 after purchasing an additional 109 shares during the period. Fullcircle Wealth LLC raised its stake in shares of Citigroup by 0.9% during the 2nd quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock worth $1,206,000 after buying an additional 111 shares in the last quarter. Secure Asset Management LLC lifted its holdings in shares of Citigroup by 3.7% in the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after buying an additional 118 shares during the period. Golden State Equity Partners lifted its holdings in shares of Citigroup by 0.6% in the 2nd quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock valued at $1,842,000 after buying an additional 122 shares during the period. Finally, Altman Advisors Inc. boosted its stake in shares of Citigroup by 0.4% in the second quarter. Altman Advisors Inc. now owns 30,979 shares of the company’s stock valued at $2,673,000 after buying an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on C shares. Keefe, Bruyette & Woods raised their target price on Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Bank of America increased their price target on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. TD Cowen upped their target price on shares of Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Cowen reissued a “hold” rating and set a $110.00 price target on shares of Citigroup in a research note on Wednesday, October 15th. Eleven 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.63.

Citigroup Stock Performance

Citigroup stock opened at $98.19 on Tuesday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The company has a market capitalization of $175.68 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 0.83 and a beta of 1.37. The stock has a fifty day moving average of $99.71 and a two-hundred day moving average of $90.36. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99.

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

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be issued 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 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.