Linscomb Wealth Inc. Acquires 3,202 Shares of Citigroup Inc. $C

Linscomb Wealth Inc. boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,905 shares of the company’s stock after purchasing an additional 3,202 shares during the quarter. Linscomb Wealth Inc.’s holdings in Citigroup were worth $12,164,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Citigroup by 30.4% during the 1st quarter. Mather Group LLC. now owns 6,218 shares of the company’s stock worth $441,000 after purchasing an additional 1,450 shares during the period. Rossby Financial LCC bought a new position in shares of Citigroup during the 1st quarter worth about $135,000. Keybank National Association OH increased its holdings in shares of Citigroup by 19.1% during the 1st quarter. Keybank National Association OH now owns 52,291 shares of the company’s stock worth $3,712,000 after purchasing an additional 8,385 shares during the period. Finally, Aaron Wealth Advisors LLC increased its holdings in shares of Citigroup by 8.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 11,603 shares of the company’s stock worth $824,000 after purchasing an additional 947 shares during the period. 71.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on C shares. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. UBS Group restated a “neutral” rating and set a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Truist Financial boosted 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. Finally, TD Cowen raised their price objective on shares of Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $107.63.

Citigroup Trading Up 1.0%

Shares of Citigroup stock opened at $100.11 on Friday. The stock has a market capitalization of $184.30 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The company has a 50-day simple moving average of $98.50 and a 200 day simple moving average of $87.09. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59.

Citigroup (NYSE:C) last announced 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%.The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. Research analysts expect 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. Investors of record on Monday, November 3rd will be given a dividend of $0.60 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is 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.