Salomon & Ludwin LLC Acquires 360 Shares of Citigroup Inc. $C

Salomon & Ludwin LLC grew its holdings in shares of Citigroup Inc. (NYSE:C) by 115.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 671 shares of the company’s stock after purchasing an additional 360 shares during the quarter. Salomon & Ludwin LLC’s holdings in Citigroup were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. MorganRosel Wealth Management LLC bought a new stake in Citigroup during the first quarter worth approximately $28,000. Accent Capital Management LLC grew its position in Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the last quarter. Truvestments Capital LLC raised its holdings in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after acquiring an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. increased its holdings in Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after buying an additional 253 shares during the period. Finally, HHM Wealth Advisors LLC raised its holdings in shares of Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after buying an additional 467 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

C has been the topic of several research reports. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Barclays raised their price objective on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday. Piper Sandler boosted their price objective on shares of Citigroup from $107.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday. TD Cowen boosted their price objective on shares of Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Finally, Oppenheimer lowered their target price 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. Eleven 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 currently has an average rating of “Moderate Buy” and an average price target of $107.63.

Citigroup Trading Up 0.9%

Shares of Citigroup stock opened at $97.10 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $178.75 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 0.82 and a beta of 1.37. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The firm’s 50 day moving average is $97.59 and its 200 day moving average is $84.86.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 14th. The company reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). The company had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.51 earnings per share. 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 fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s payout ratio is currently 33.71%.

Citigroup Company 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.