Citigroup Inc. $C Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in shares of Citigroup Inc. (NYSE:C) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 934,602 shares of the company’s stock after purchasing an additional 37,410 shares during the period. Asset Management One Co. Ltd.’s holdings in Citigroup were worth $79,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Private Advisory Group LLC raised its position in shares of Citigroup by 20.8% during the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock worth $4,940,000 after purchasing an additional 11,978 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its stake in Citigroup by 109.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company’s stock valued at $88,458,000 after acquiring an additional 649,807 shares in the last quarter. Brighton Jones LLC grew its stake in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new stake in Citigroup during the 1st quarter valued at about $214,000. Finally, Hayek Kallen Investment Management grew its stake in Citigroup by 125.0% during the 1st quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock valued at $1,103,000 after acquiring an additional 8,630 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C stock opened at $96.62 on Friday. The firm has a market cap of $177.87 billion, a P/E ratio of 13.57, a P/E/G ratio of 0.81 and a beta of 1.37. Citigroup Inc. has a one year low of $55.51 and a one year 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 firm’s 50 day moving average price is $97.83 and its 200-day moving average price is $85.58.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). The business had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.Citigroup’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current 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 $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 dividend payout ratio (DPR) is 33.71%.

Analyst Ratings Changes

Several brokerages recently issued reports on C. Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. UBS Group reissued a “neutral” rating and issued a $89.00 price target on shares of Citigroup in a research note on Tuesday, July 15th. Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Wells Fargo & Company increased their price target on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Finally, Oppenheimer dropped their price target on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.63.

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.