May Hill Capital LLC Buys 203 Shares of Citigroup Inc. $C

May Hill Capital LLC lifted its stake in shares of Citigroup Inc. (NYSE:C) by 3.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,597 shares of the company’s stock after acquiring an additional 203 shares during the period. May Hill Capital LLC’s holdings in Citigroup were worth $476,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. ACR Alpine Capital Research LLC lifted its holdings in shares of Citigroup by 10.0% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 5,695,946 shares of the company’s stock worth $484,839,000 after acquiring an additional 518,494 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Citigroup by 18.1% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 314,064 shares of the company’s stock worth $26,733,000 after acquiring an additional 48,100 shares during the last quarter. Transcend Capital Advisors LLC lifted its holdings in shares of Citigroup by 9.6% during the 2nd quarter. Transcend Capital Advisors LLC now owns 20,901 shares of the company’s stock worth $1,779,000 after acquiring an additional 1,824 shares during the last quarter. Convergence Investment Partners LLC lifted its holdings in shares of Citigroup by 31.8% during the 2nd quarter. Convergence Investment Partners LLC now owns 21,776 shares of the company’s stock worth $1,854,000 after acquiring an additional 5,253 shares during the last quarter. Finally, Brickwood Asset Management LLP bought a new stake in shares of Citigroup during the 2nd quarter worth $455,000. 71.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on C. UBS Group reaffirmed a “neutral” rating and set a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Barclays lifted their price objective on shares of Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Dbs Bank downgraded shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Morgan Stanley boosted their price target on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, Piper Sandler boosted their price target on shares of Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $107.63.

Citigroup Stock Performance

Citigroup stock opened at $100.97 on Tuesday. The company has a market capitalization of $185.87 billion, a PE ratio of 14.18, a P/E/G ratio of 0.83 and a beta of 1.37. The firm has a fifty day simple moving average of $98.07 and a two-hundred day simple moving average of $86.45. 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 Inc. has a twelve month low of $55.51 and a twelve month high of $105.59.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $1.86 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.03). The firm had revenue of $22.09 billion for 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%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the company posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Research analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The company also recently disclosed 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 of this dividend is Monday, November 3rd. Citigroup’s dividend payout ratio is 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.