Los Angeles Capital Management LLC Buys 78,668 Shares of Citigroup Inc. $C

Los Angeles Capital Management LLC increased its stake in shares of Citigroup Inc. (NYSE:C) by 36.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,001 shares of the company’s stock after acquiring an additional 78,668 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Citigroup were worth $25,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of C. Brighton Jones LLC boosted its position in Citigroup by 166.9% during the 4th 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 period. Leavell Investment Management Inc. raised its stake in shares of Citigroup by 296.5% during the first quarter. Leavell Investment Management Inc. now owns 14,405 shares of the company’s stock valued at $1,023,000 after acquiring an additional 10,772 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Citigroup by 4.7% during the first quarter. Cerity Partners LLC now owns 925,613 shares of the company’s stock valued at $65,709,000 after acquiring an additional 41,653 shares during the last quarter. MJP Associates Inc. ADV purchased a new stake in shares of Citigroup during the first quarter worth about $208,000. Finally, Harmony Asset Management LLC grew its stake in shares of Citigroup by 39.3% in the first quarter. Harmony Asset Management LLC now owns 11,412 shares of the company’s stock worth $810,000 after purchasing an additional 3,220 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C stock opened at $100.74 on Friday. The company’s fifty day moving average price is $99.12 and its 200-day moving average price is $88.84. The stock has a market cap of $185.45 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The company had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. During the same period last year, the company posted $1.51 EPS. Citigroup’s revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The business 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 $0.60 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. Citigroup’s dividend payout ratio is presently 33.71%.

Analyst Ratings Changes

A number of research firms have commented on C. Wall Street Zen raised Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Piper Sandler raised their price target on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Morgan Stanley boosted their price objective 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. Bank of America upped their price objective on shares of Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, Oppenheimer cut their target price on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.