Hills Bank & Trust Co Buys 737 Shares of Citigroup Inc. $C

Hills Bank & Trust Co raised its stake in Citigroup Inc. (NYSE:C) by 48.9% during the second quarter, HoldingsChannel.com reports. The fund owned 2,245 shares of the company’s stock after purchasing an additional 737 shares during the quarter. Hills Bank & Trust Co’s holdings in Citigroup were worth $191,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of C. Brighton Jones LLC increased its holdings in Citigroup by 166.9% in 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 during the last quarter. Private Trust Co. NA increased its holdings in Citigroup by 16.4% in the 1st quarter. Private Trust Co. NA now owns 11,453 shares of the company’s stock valued at $813,000 after acquiring an additional 1,610 shares during the last quarter. Resonant Capital Advisors LLC increased its holdings in Citigroup by 4.7% in the 1st quarter. Resonant Capital Advisors LLC now owns 3,764 shares of the company’s stock valued at $267,000 after acquiring an additional 168 shares during the last quarter. Mutual Advisors LLC increased its holdings in Citigroup by 2.7% in the 1st quarter. Mutual Advisors LLC now owns 18,062 shares of the company’s stock valued at $1,236,000 after acquiring an additional 481 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in Citigroup by 38.6% in the 1st quarter. D.A. Davidson & CO. now owns 78,766 shares of the company’s stock valued at $5,592,000 after acquiring an additional 21,955 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Price Performance

C stock opened at $101.42 on Friday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. 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 company has a 50-day moving average price of $98.62 and a 200 day moving average price of $87.51. The stock has a market cap of $186.69 billion, a PE ratio of 14.24, a P/E/G ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. During the same period in the prior year, the firm posted $1.51 earnings per share. Citigroup’s revenue for the quarter was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. UBS Group reiterated a “neutral” rating and issued a $89.00 price target on shares of Citigroup in a report on Tuesday, July 15th. Bank of America lifted their price objective on shares of Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Piper Sandler lifted their price objective on shares of Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Truist Financial lifted their price objective on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Finally, Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.