Te Ahumairangi Investment Management Ltd Buys 1,590 Shares of Citigroup Inc. $C

Te Ahumairangi Investment Management Ltd lifted its stake in shares of Citigroup Inc. (NYSE:C) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,550 shares of the company’s stock after acquiring an additional 1,590 shares during the period. Citigroup makes up about 2.1% of Te Ahumairangi Investment Management Ltd’s investment portfolio, making the stock its 11th largest holding. Te Ahumairangi Investment Management Ltd’s holdings in Citigroup were worth $11,453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in C. Private Advisory Group LLC raised its position in Citigroup by 20.8% in the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock valued at $4,940,000 after buying an additional 11,978 shares during the last quarter. Keystone Financial Services acquired a new position in Citigroup during the 2nd quarter worth approximately $216,000. Brighton Jones LLC grew its stake in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares in the last quarter. Hayek Kallen Investment Management grew its stake in shares of Citigroup by 125.0% during the 1st quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock worth $1,103,000 after acquiring an additional 8,630 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Citigroup by 3.9% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 257,930 shares of the company’s stock valued at $21,955,000 after purchasing an additional 9,644 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Up 1.4%

Citigroup stock opened at $101.10 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The company’s 50-day moving average is $99.75 and its 200-day moving average is $91.57. The firm has a market capitalization of $180.90 billion, a PE ratio of 14.20, a P/E/G ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59.

Citigroup (NYSE:C) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. Citigroup’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s payout ratio is currently 33.71%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on C. Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Truist Financial boosted their price target on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. Bank of America lifted their target price on Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, Oppenheimer dropped their target price on Citigroup from $123.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. 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.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.70.

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.