Wealthfront Advisers LLC Buys 8,988 Shares of Citigroup Inc. $C

Wealthfront Advisers LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 5.1% during the second quarter, HoldingsChannel reports. The firm owned 185,641 shares of the company’s stock after purchasing an additional 8,988 shares during the quarter. Wealthfront Advisers LLC’s holdings in Citigroup were worth $15,802,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new stake in shares of Citigroup during the 1st quarter valued at about $28,000. Accent Capital Management LLC boosted its stake in shares of Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares in the last quarter. Truvestments Capital LLC boosted its stake in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. boosted its stake in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after purchasing an additional 253 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its stake in shares of Citigroup by 805.2% during 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. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 2.1%

Shares of Citigroup stock opened at $98.77 on Monday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $181.82 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59. The company has a 50-day simple moving average of $97.93 and a two-hundred day simple moving average of $86.20.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.03). The firm had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $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. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.4%. Citigroup’s payout ratio is 33.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on C shares. Evercore ISI set a $77.00 target price on shares of Citigroup in a research note on Monday, July 7th. Wells Fargo & Company lifted their price target on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Oppenheimer lowered their price target on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $118.00 price target on shares of Citigroup in a research report on Tuesday, October 14th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.63.

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.