Citigroup Inc. $C Shares Purchased by Capital Management Corp VA

Key Points

• Capital Management Corp VA increased its holdings in Citigroup Inc. by 19.9%, now owning a total of 136,546 shares worth approximately $11.6 million.
• Citigroup's quarterly earnings showed $1.86 EPS, slightly missing analysts' expectations, but revenue grew by 9.3% to $22.09 billion compared to last year.
• The company has declared a quarterly dividend of $0.60 per share, with the annualized yield at 2.4%, to be paid to shareholders on November 26th.

Capital Management Corp VA boosted its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 19.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,546 shares of the company's stock after purchasing an additional 22,637 shares during the period. Citigroup makes up 2.0% of Capital Management Corp VA's holdings, making the stock its 23rd biggest holding. Capital Management Corp VA's holdings in Citigroup were worth $11,623,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Citigroup by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company's stock worth $2,917,794,000 after acquiring 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 last quarter. Invesco Ltd. grew its holdings in shares of Citigroup by 3.6% during the 1st quarter. Invesco Ltd. now owns 16,839,915 shares of the company's stock worth $1,195,466,000 after purchasing an additional 592,820 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Citigroup by 179.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company's stock worth $1,031,790,000 after purchasing an additional 9,334,038 shares during the period. Finally, Amundi increased its position in shares of Citigroup by 78.4% during the 1st quarter. Amundi now owns 13,713,517 shares of the company's stock worth $973,523,000 after purchasing an additional 6,026,268 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Stock Up 3.9%

Shares of Citigroup stock opened at $99.83 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59. The company has a market capitalization of $183.78 billion, a P/E ratio of 14.75, a P/E/G ratio of 0.84 and a beta of 1.37. The company has a 50 day moving average of $97.25 and a 200 day moving average of $84.16.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, October 14th. The company reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $1.89 by ($0.03). The firm had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. Citigroup's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup's dividend payout ratio is currently 35.45%.

Analyst Ratings Changes

A number of research analysts have commented on C shares. Truist Financial upped their target price on shares of Citigroup from $105.00 to $112.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. TD Cowen increased their price objective on shares of Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a research report on Wednesday, July 16th. Zacks Research lowered Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. Dbs Bank cut Citigroup from a "moderate buy" rating to a "hold" rating in a research note on Monday, September 22nd. Finally, Barclays lifted their price objective on Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Citigroup has an average rating of "Moderate Buy" and an average target price of $101.25.

Citigroup 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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