Citigroup Inc. $C Shares Acquired by L & S Advisors Inc

L & S Advisors Inc boosted its holdings in Citigroup Inc. (NYSE:C) by 92.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 121,766 shares of the company’s stock after buying an additional 58,658 shares during the quarter. Citigroup makes up about 1.0% of L & S Advisors Inc’s holdings, making the stock its 21st largest position. L & S Advisors Inc’s holdings in Citigroup were worth $10,365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of C. Private Advisory Group LLC grew its position in Citigroup by 20.8% during the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock worth $4,940,000 after purchasing an additional 11,978 shares during the last quarter. Keystone Financial Services acquired a new stake in shares of Citigroup during the second quarter worth $216,000. Brighton Jones LLC grew its position in Citigroup by 166.9% in 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 last quarter. Hayek Kallen Investment Management raised its position in Citigroup by 125.0% during the 1st quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock worth $1,103,000 after buying an additional 8,630 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Citigroup by 3.9% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 257,930 shares of the company’s stock worth $21,955,000 after acquiring an additional 9,644 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Performance

NYSE:C opened at $100.71 on Friday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The company has a market capitalization of $180.20 billion, a P/E ratio of 14.14, 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. The firm has a 50-day moving average price of $99.57 and a two-hundred day moving average price of $89.63.

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

Citigroup Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on C shares. TD Cowen lifted their price target on Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Piper Sandler raised their price objective on shares of Citigroup from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Barclays upped their target price on shares of Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Citigroup 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.