Citigroup Inc. $C Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its stake in Citigroup Inc. (NYSE:C) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,801 shares of the company’s stock after acquiring an additional 541 shares during the period. Kingsview Wealth Management LLC’s holdings in Citigroup were worth $2,366,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Cornerstone Advisors LLC increased its position in shares of Citigroup by 32.5% in the 2nd quarter. Cornerstone Advisors LLC now owns 213,000 shares of the company’s stock worth $18,131,000 after purchasing an additional 52,300 shares during the last quarter. Citizens Financial Group Inc. RI grew its stake in Citigroup by 739.3% in the second quarter. Citizens Financial Group Inc. RI now owns 128,605 shares of the company’s stock worth $10,947,000 after purchasing an additional 113,283 shares in the last quarter. Hedeker Wealth LLC increased its holdings in Citigroup by 1.3% in the second quarter. Hedeker Wealth LLC now owns 89,920 shares of the company’s stock valued at $7,654,000 after buying an additional 1,152 shares during the last quarter. ProVise Management Group LLC raised its stake in Citigroup by 2.8% during the second quarter. ProVise Management Group LLC now owns 198,591 shares of the company’s stock valued at $16,904,000 after buying an additional 5,330 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in Citigroup by 4.0% during the second quarter. Intech Investment Management LLC now owns 111,768 shares of the company’s stock valued at $9,514,000 after buying an additional 4,283 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

C has been the subject of several research reports. Piper Sandler lifted their target price on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Oppenheimer lowered their target price on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Bank of America raised their price target on shares of Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $118.00 price objective on shares of Citigroup in a research report on Tuesday, October 14th. Finally, Truist Financial upped their target price on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $107.63.

Citigroup Price Performance

Shares of NYSE:C opened at $98.39 on Wednesday. The firm’s 50 day moving average is $99.73 and its two-hundred day moving average is $90.56. The firm has a market capitalization of $176.04 billion, a P/E ratio of 13.82, a PEG 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 52 week low of $55.51 and a 52 week high of $105.59.

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

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. 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.