Citigroup Inc. $C Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC boosted its holdings in Citigroup Inc. (NYSE:C) by 1.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,202 shares of the company’s stock after purchasing an additional 1,364 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Citigroup were worth $6,657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. DAVENPORT & Co LLC raised its position in shares of Citigroup by 0.7% in the 2nd quarter. DAVENPORT & Co LLC now owns 1,111,707 shares of the company’s stock valued at $94,423,000 after purchasing an additional 7,651 shares in the last quarter. Grimes & Company Inc. increased its stake in shares of Citigroup by 4.0% in the second quarter. Grimes & Company Inc. now owns 3,466 shares of the company’s stock worth $295,000 after buying an additional 132 shares during the last quarter. Merit Financial Group LLC increased its stake in shares of Citigroup by 25.1% in the second quarter. Merit Financial Group LLC now owns 79,384 shares of the company’s stock worth $6,757,000 after buying an additional 15,914 shares during the last quarter. Beacon Financial Advisory LLC raised its holdings in Citigroup by 2.1% in the second quarter. Beacon Financial Advisory LLC now owns 21,722 shares of the company’s stock valued at $1,849,000 after acquiring an additional 442 shares in the last quarter. Finally, Iron Horse Wealth Management LLC boosted its stake in Citigroup by 1,875.0% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 1,580 shares of the company’s stock valued at $134,000 after acquiring an additional 1,500 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the sale, the director directly owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on C. Bank of America upped their target price on shares of Citigroup from $89.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, June 26th. Wall Street Zen raised Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Oppenheimer reduced their target price on 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 Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Piper Sandler boosted their price target on Citigroup from $84.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $99.68.

Citigroup Stock Up 0.2%

Shares of Citigroup stock opened at $97.58 on Monday. The stock has a market capitalization of $179.64 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 0.84 and a beta of 1.37. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The business’s 50 day simple moving average is $96.79 and its 200-day simple moving average is $83.05.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. The business had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were given a dividend of $0.60 per share. This is an increase from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, August 4th. Citigroup’s payout ratio is currently 35.45%.

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.