VeraBank N.A. Acquires New Position in Citigroup Inc. $C

VeraBank N.A. acquired a new stake in Citigroup Inc. (NYSE:C) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 3,046 shares of the company’s stock, valued at approximately $259,000.

Other large investors have also modified their holdings of the company. Winch Advisory Services LLC boosted its stake in shares of Citigroup by 0.6% in the second quarter. Winch Advisory Services LLC now owns 37,372 shares of the company’s stock valued at $3,181,000 after buying an additional 225 shares in the last quarter. Clarity Wealth Advisors LLC lifted its holdings in Citigroup by 1.6% in the second quarter. Clarity Wealth Advisors LLC now owns 82,105 shares of the company’s stock valued at $6,989,000 after acquiring an additional 1,288 shares during the period. CENTRAL TRUST Co boosted its position in shares of Citigroup by 7.3% during the 2nd quarter. CENTRAL TRUST Co now owns 21,452 shares of the company’s stock worth $1,826,000 after purchasing an additional 1,467 shares in the last quarter. Blackston Financial Advisory Group LLC boosted its position in shares of Citigroup by 3.9% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,469 shares of the company’s stock worth $466,000 after purchasing an additional 206 shares in the last quarter. Finally, 49 Wealth Management LLC grew its stake in shares of Citigroup by 30.3% during the 2nd quarter. 49 Wealth Management LLC now owns 8,066 shares of the company’s stock worth $687,000 after purchasing an additional 1,876 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Oppenheimer decreased their price objective on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. 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. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Piper Sandler raised their price objective on Citigroup from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, Bank of America boosted their target price on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research report 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $107.63.

Citigroup Trading Down 0.7%

Shares of Citigroup stock opened at $100.73 on Wednesday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50 day moving average price of $99.34 and a 200 day moving average price of $89.46. The company has a market capitalization of $185.43 billion, a P/E ratio of 14.15, a P/E/G ratio of 0.83 and a beta of 1.37.

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

Citigroup Dividend Announcement

The company also recently announced 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 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 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.