Citigroup Inc. $C Shares Purchased by National Pension Service

National Pension Service raised its holdings in shares of Citigroup Inc. (NYSE:C) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,900,825 shares of the company’s stock after acquiring an additional 62,374 shares during the period. National Pension Service’s holdings in Citigroup were worth $332,038,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Accent Capital Management LLC raised its stake in shares of Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares in the last quarter. Truvestments Capital LLC grew its position in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after buying an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. increased 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 buying an additional 253 shares during the period. HHM Wealth Advisors LLC raised its position in shares of Citigroup by 805.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after buying an additional 467 shares in the last quarter. Finally, WPG Advisers LLC bought a new stake in shares of Citigroup during the 1st quarter worth about $38,000. Institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the topic of a number of research analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $118.00 price objective on shares of Citigroup in a research note on Tuesday, October 14th. Truist Financial increased their price target on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. UBS Group reiterated a “neutral” rating and set a $89.00 price target on shares of Citigroup in a research report on Tuesday, July 15th. Piper Sandler boosted their price objective on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, Morgan Stanley lifted their target price on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $107.63.

Citigroup Stock Performance

Shares of NYSE C opened at $100.73 on Wednesday. The stock’s fifty day simple moving average is $99.34 and its 200 day simple moving average is $89.46. The stock has a market capitalization of $185.43 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 0.83 and a beta of 1.37. 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 Inc. has a 52-week low of $55.51 and a 52-week high of $105.59.

Citigroup (NYSE:C) last announced 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. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. During the same period in the prior year, the business posted $1.51 earnings per share. Citigroup’s revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is presently 33.71%.

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.