May Hill Capital LLC Purchases 203 Shares of Citigroup Inc. $C

May Hill Capital LLC grew its position in shares of Citigroup Inc. (NYSE:C) by 3.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,597 shares of the company’s stock after buying an additional 203 shares during the quarter. May Hill Capital LLC’s holdings in Citigroup were worth $476,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Onyx Bridge Wealth Group LLC increased its position in shares of Citigroup by 3.6% during the second quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock valued at $265,000 after buying an additional 109 shares during the period. Secure Asset Management LLC increased its position in shares of Citigroup by 3.7% during the second quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after buying an additional 118 shares during the period. Golden State Equity Partners increased its position in shares of Citigroup by 0.6% during the second quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock valued at $1,842,000 after buying an additional 122 shares during the period. Wedmont Private Capital increased its position in shares of Citigroup by 0.5% during the second quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock valued at $2,034,000 after buying an additional 129 shares during the period. Finally, RDA Financial Network increased its position in shares of Citigroup by 3.4% during the second quarter. RDA Financial Network now owns 3,940 shares of the company’s stock valued at $335,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on C. UBS Group reiterated a “neutral” rating and set a $89.00 price target on shares of Citigroup in a research report on Tuesday, July 15th. Bank of America boosted their price target on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Morgan Stanley boosted their price target on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Wells Fargo & Company boosted their price target on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Finally, Truist Financial upped their price objective on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Price Performance

Shares of C opened at $100.97 on Tuesday. The stock has a market cap of $185.87 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The firm’s 50-day simple moving average is $98.07 and its two-hundred day simple moving average is $86.45.

Citigroup (NYSE:C) last announced 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 business had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.Citigroup’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. Analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s dividend payout ratio is currently 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.