CHICAGO TRUST Co NA Acquires 3,208 Shares of Citigroup Inc. $C

CHICAGO TRUST Co NA boosted its holdings in Citigroup Inc. (NYSE:C) by 10.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,575 shares of the company’s stock after acquiring an additional 3,208 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Citigroup were worth $2,773,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Secure Asset Management LLC lifted its position in 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 acquiring an additional 118 shares in the last quarter. Golden State Equity Partners lifted its position in shares of Citigroup by 0.6% during the 2nd quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock worth $1,842,000 after buying an additional 122 shares in the last quarter. Wedmont Private Capital lifted its position in shares of Citigroup by 0.5% during the 2nd quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock worth $2,034,000 after buying an additional 129 shares in the last quarter. RDA Financial Network lifted its position in shares of Citigroup by 3.4% during the 2nd quarter. RDA Financial Network now owns 3,940 shares of the company’s stock worth $335,000 after buying an additional 130 shares in the last quarter. Finally, Solitude Financial Services lifted its position in shares of Citigroup by 0.9% during the 1st quarter. Solitude Financial Services now owns 16,496 shares of the company’s stock worth $1,171,000 after buying an additional 140 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Insiders Place Their Bets

In related news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the transaction, the director directly owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on C shares. Truist Financial lifted their target price on shares of Citigroup from $99.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Wells Fargo & Company lifted their target price on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Evercore ISI set a $77.00 target price on shares of Citigroup in a research report on Monday, July 7th. TD Cowen lifted their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Wednesday, July 16th. Finally, Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.68.

Citigroup Trading Up 0.9%

Shares of C stock opened at $103.56 on Tuesday. The company has a 50 day moving average of $95.45 and a 200-day moving average of $81.05. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $103.81. The firm has a market cap of $190.64 billion, a P/E ratio of 15.30, a PEG ratio of 0.88 and a beta of 1.41.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The company had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same quarter last year, the business posted $1.52 EPS. Citigroup’s quarterly revenue was up 8.2% compared to the same quarter last year. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were paid a $0.60 dividend. The ex-dividend date was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio (DPR) is presently 35.45%.

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.