12,880 Shares in Citigroup Inc. $C Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management bought a new position in shares of Citigroup Inc. (NYSE:C) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 12,880 shares of the company’s stock, valued at approximately $1,096,000.

Several other hedge funds and other institutional investors also recently modified their holdings of C. Accent Capital Management LLC boosted its stake in Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after buying an additional 212 shares in the last quarter. Truvestments Capital LLC lifted its holdings in shares of Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares during the last quarter. DHJJ Financial Advisors Ltd. lifted its holdings in shares of Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after acquiring an additional 253 shares during the last quarter. HHM Wealth Advisors LLC boosted its stake in shares of Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after purchasing an additional 467 shares in the last quarter. Finally, WPG Advisers LLC bought a new stake in shares of Citigroup during the 1st quarter valued at approximately $38,000. Institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $118.00 target price on shares of Citigroup in a research note on Tuesday, October 14th. Cowen restated a “hold” rating and set a $110.00 price objective on shares of Citigroup 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 report on Wednesday, October 15th. Wells Fargo & Company lifted their price target on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Finally, Barclays boosted their price target on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $107.43.

Citigroup Trading Up 1.1%

C opened at $98.68 on Friday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The company has a fifty day moving average of $99.74 and a 200-day moving average of $90.87. The stock has a market cap of $176.56 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. 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 issued its earnings results 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. The business had revenue of $22.09 billion during 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 firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently announced 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is currently 33.71%.

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.