Citigroup Inc. $C Position Raised by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC raised its stake in Citigroup Inc. (NYSE:C) by 6.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 94,334 shares of the company’s stock after buying an additional 5,726 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Citigroup were worth $8,030,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in C. Brighton Jones LLC lifted its stake in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after buying an additional 12,499 shares during the last quarter. GAMMA Investing LLC lifted its stake in Citigroup by 12.7% in the first quarter. GAMMA Investing LLC now owns 34,236 shares of the company’s stock valued at $2,430,000 after buying an additional 3,855 shares during the last quarter. Trust Co. of Vermont lifted its stake in Citigroup by 14.3% in the first quarter. Trust Co. of Vermont now owns 1,196 shares of the company’s stock valued at $85,000 after buying an additional 150 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Citigroup by 23.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 341,330 shares of the company’s stock valued at $24,006,000 after buying an additional 65,865 shares during the last quarter. Finally, TBH Global Asset Management LLC raised its stake in shares of Citigroup by 8.7% during the first quarter. TBH Global Asset Management LLC now owns 4,608 shares of the company’s stock valued at $327,000 after purchasing an additional 369 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on C shares. The Goldman Sachs Group restated a “buy” rating and set a $118.00 price objective on shares of Citigroup in a research note on Tuesday, October 14th. Piper Sandler lifted their price objective on shares of Citigroup from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Morgan Stanley lifted their price objective on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research note on Friday. Finally, Bank of America lifted their price objective on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $107.63.

Citigroup Price Performance

NYSE:C opened at $98.77 on Monday. The business’s 50-day moving average price is $97.93 and its 200 day moving average price is $86.20. The firm has a market cap of $181.82 billion, a P/E ratio of 13.87, a PEG ratio of 0.83 and a beta of 1.37. 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.

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 firm 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 revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s payout ratio is presently 33.71%.

About Citigroup

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.