Chicago Partners Investment Group LLC Has $1.89 Million Position in Citigroup Inc. $C

Key Points

• Chicago Partners Investment Group LLC increased its stake in Citigroup Inc. by 16.8%, owning 22,140 shares valued at approximately $1.89 million as of the latest SEC filing.
• Numerous institutional investors, including Price T Rowe Associates and Goldman Sachs, have boosted their holdings in Citigroup, contributing to 71.72% of the company's stock being owned by such investors.
• Citigroup reported earnings of $1.86 per share for the recent quarter, missing estimates, with a planned $0.60 dividend scheduled for payment on November 26.

Chicago Partners Investment Group LLC boosted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 16.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,140 shares of the company's stock after buying an additional 3,190 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Citigroup were worth $1,885,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its holdings in Citigroup by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company's stock worth $2,917,794,000 after buying an additional 2,539,769 shares during the period. Northern Trust Corp lifted its stake in shares of Citigroup by 1.0% in the 1st quarter. Northern Trust Corp now owns 20,427,563 shares of the company's stock valued at $1,450,153,000 after purchasing an additional 195,013 shares during the period. Invesco Ltd. lifted its stake in shares of Citigroup by 3.6% in the 1st quarter. Invesco Ltd. now owns 16,839,915 shares of the company's stock valued at $1,195,466,000 after purchasing an additional 592,820 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Citigroup by 179.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company's stock valued at $1,031,790,000 after purchasing an additional 9,334,038 shares during the period. Finally, Amundi lifted its stake in shares of Citigroup by 78.4% in the 1st quarter. Amundi now owns 13,713,517 shares of the company's stock valued at $973,523,000 after purchasing an additional 6,026,268 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on C shares. The Goldman Sachs Group reissued a "buy" rating and issued a $118.00 price objective on shares of Citigroup in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Citigroup in a research report on Wednesday, October 8th. Bank of America boosted their target price on Citigroup from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, October 15th. Barclays boosted their target price on Citigroup from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, October 15th. Finally, Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.63.

Citigroup Stock Performance

Shares of C opened at $99.18 on Tuesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50 day moving average price of $97.72 and a two-hundred day moving average price of $85.15. The firm has a market capitalization of $182.58 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.82 and a beta of 1.37. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.03). The business 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 revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Equities analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. Citigroup's dividend payout ratio is currently 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.

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