Citigroup Inc. $C Shares Purchased by Western Wealth Management LLC

Western Wealth Management LLC raised its position in Citigroup Inc. (NYSE:C) by 14.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 11,952 shares of the company’s stock after acquiring an additional 1,512 shares during the quarter. Western Wealth Management LLC’s holdings in Citigroup were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission.

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

Citigroup Trading Down 2.1%

Citigroup stock opened at $98.19 on Tuesday. The firm has a market cap of $175.68 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The firm’s 50 day moving average price is $99.71 and its two-hundred day moving average price is $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 released its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, topping 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 return on equity of 7.91% and a net margin of 8.73%.The company’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be paid 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 yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is currently 33.71%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Morgan Stanley raised their target price on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Bank of America raised their price objective on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Barclays increased their price target on Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, Piper Sandler boosted their price objective on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and a consensus 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.