Citigroup Inc. $C Shares Bought by Intrua Financial LLC

Intrua Financial LLC grew its holdings in Citigroup Inc. (NYSE:C) by 15.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,323 shares of the company’s stock after purchasing an additional 1,255 shares during the quarter. Intrua Financial LLC’s holdings in Citigroup were worth $794,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Onyx Bridge Wealth Group LLC grew its holdings in shares of Citigroup by 3.6% in the second quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock valued at $265,000 after purchasing an additional 109 shares during the period. Fullcircle Wealth LLC increased its holdings in shares of Citigroup by 0.9% during the 2nd quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock worth $1,206,000 after buying an additional 111 shares during the last quarter. Secure Asset Management LLC raised its position in shares of Citigroup by 3.7% during the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after buying an additional 118 shares during the period. Golden State Equity Partners lifted its holdings in Citigroup by 0.6% in the second quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock valued at $1,842,000 after acquiring an additional 122 shares during the last quarter. Finally, Altman Advisors Inc. grew its position in Citigroup by 0.4% in the second quarter. Altman Advisors Inc. now owns 30,979 shares of the company’s stock worth $2,673,000 after acquiring an additional 127 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

C has been the topic of a number of research analyst reports. Piper Sandler lifted their target price on Citigroup from $107.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Oppenheimer reduced their price objective on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Morgan Stanley lifted their price target on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.63.

Citigroup Price Performance

Citigroup stock opened at $100.24 on Friday. The firm has a fifty day moving average of $99.66 and a 200-day moving average of $89.85. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $179.35 billion, a P/E ratio of 14.08, a PEG ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. During the same quarter in the previous year, the business posted $1.51 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business 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 $0.60 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is 33.71%.

Citigroup 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.