Evelyn Partners Investment Management LLP Increases Stock Position in Citigroup Inc. $C

Evelyn Partners Investment Management LLP lifted its holdings in Citigroup Inc. (NYSE:C) by 15,409.5% in the 2nd quarter, Holdings Channel reports. The firm owned 32,570 shares of the company’s stock after acquiring an additional 32,360 shares during the period. Evelyn Partners Investment Management LLP’s holdings in Citigroup were worth $2,772,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Citigroup by 0.7% in the second quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock worth $14,117,313,000 after acquiring an additional 1,148,451 shares during the period. Geode Capital Management LLC raised its stake in Citigroup by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock valued at $3,645,084,000 after buying an additional 411,894 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Citigroup by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after buying an additional 2,539,769 shares during the period. Franklin Resources Inc. boosted its stake in shares of Citigroup by 2.2% in the 2nd quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock worth $2,748,571,000 after buying an additional 679,967 shares during the last quarter. Finally, Northern Trust Corp increased its position in Citigroup by 1.0% during the first quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock valued at $1,450,153,000 after acquiring an additional 195,013 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Up 1.1%

Shares of Citigroup stock opened at $98.68 on Friday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. 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 company has a market capitalization of $176.56 billion, a P/E ratio of 13.86, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a fifty day moving average of $99.74 and a 200 day moving average of $90.87.

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

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be given a dividend of $0.60 per share. 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 is currently 33.71%.

Analysts Set New Price Targets

Several brokerages have issued reports on C. The Goldman Sachs Group reissued a “buy” rating and issued a $118.00 target price on shares of Citigroup in a research report on Tuesday, October 14th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Truist Financial increased 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. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Dbs Bank downgraded Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $107.43.

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.