SlateStone Wealth LLC Has $1.56 Million Stake in Citigroup Inc. $C

SlateStone Wealth LLC boosted its stake in shares of Citigroup Inc. (NYSE:C) by 114.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 18,332 shares of the company’s stock after purchasing an additional 9,800 shares during the quarter. SlateStone Wealth LLC’s holdings in Citigroup were worth $1,560,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Onyx Bridge Wealth Group LLC lifted its holdings in Citigroup by 3.6% during the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock valued at $265,000 after purchasing an additional 109 shares during the last quarter. Fullcircle Wealth LLC increased its holdings in shares of Citigroup by 0.9% during the second quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock worth $1,206,000 after buying an additional 111 shares in the last quarter. Secure Asset Management LLC increased its holdings in shares of Citigroup by 3.7% during the second quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock worth $280,000 after buying an additional 118 shares in the last quarter. Golden State Equity Partners raised its stake in shares of Citigroup by 0.6% in the second quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock valued at $1,842,000 after acquiring an additional 122 shares during the last quarter. Finally, Altman Advisors Inc. boosted its holdings in shares of Citigroup by 0.4% in the 2nd quarter. Altman Advisors Inc. now owns 30,979 shares of the company’s stock worth $2,673,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C opened at $99.79 on Tuesday. The stock’s 50-day moving average price is $99.74 and its two-hundred day moving average price is $91.37. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The stock has a market cap of $178.55 billion, a P/E ratio of 14.02, 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 (NYSE:C) last issued its earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating the consensus estimate of $1.89 by $0.35. The firm had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be given 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 payout ratio is currently 33.71%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on C shares. The Goldman Sachs Group reiterated a “buy” rating and set a $118.00 price target on shares of Citigroup in a research report on Tuesday, October 14th. Piper Sandler upped their target price on shares of Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. UBS Group restated a “neutral” rating and issued a $108.00 price objective on shares of Citigroup in a research report on Monday. Cowen reiterated a “hold” rating and issued a $110.00 price objective on shares of Citigroup in a research report on Wednesday, October 15th. Finally, Morgan Stanley lifted their target price on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.70.

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.