Citigroup Inc. $C Shares Acquired by Homestead Advisers Corp

Homestead Advisers Corp lifted its position in shares of Citigroup Inc. (NYSE:C) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,012,685 shares of the company’s stock after purchasing an additional 3,300 shares during the period. Citigroup comprises about 2.0% of Homestead Advisers Corp’s holdings, making the stock its 18th largest position. Homestead Advisers Corp owned 0.05% of Citigroup worth $86,200,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Accent Capital Management LLC grew its holdings in shares of Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after buying an additional 212 shares during the last quarter. DHJJ Financial Advisors Ltd. raised its stake in Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after acquiring an additional 253 shares during the last quarter. Truvestments Capital LLC lifted its position in Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares during the period. HHM Wealth Advisors LLC grew its stake in shares of Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after purchasing an additional 467 shares during the last quarter. Finally, WPG Advisers LLC acquired a new position in shares of Citigroup in the first quarter valued at approximately $38,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Down 0.6%

Shares of NYSE C opened at $100.98 on Wednesday. The stock has a market capitalization of $185.90 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth 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 firm has a 50-day moving average price of $98.86 and a 200 day moving average price of $88.23. 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 issued its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.03). Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.4%. Citigroup’s payout ratio is currently 33.71%.

Wall Street Analysts Forecast Growth

C has been the topic of a number of analyst reports. 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 report on Wednesday, October 15th. Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Morgan Stanley lifted their target price on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, Truist Financial raised their price objective on shares of Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $107.63.

Citigroup Company 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.