Citigroup Inc. $C Shares Purchased by Wilmington Savings Fund Society FSB

Key Points

• Wilmington Savings Fund Society FSB increased its stake in Citigroup by 12.4%, owning 49,337 shares valued at approximately $4.2 million after acquiring additional shares in the recent quarter.
• Citigroup reported earnings per share (EPS) of $1.86 for the last quarter, which was below the consensus estimate of $1.89, despite revenues showing a year-over-year increase of 9.3%.
• The company declared a $0.60 quarterly dividend to be paid on November 26th, reflecting an annualized yield of 2.4%.

Wilmington Savings Fund Society FSB lifted its stake in Citigroup Inc. (NYSE:C - Free Report) by 12.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 49,337 shares of the company's stock after acquiring an additional 5,462 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Citigroup were worth $4,200,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Private Advisory Group LLC lifted its holdings in shares of Citigroup by 20.8% in the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company's stock worth $4,940,000 after acquiring an additional 11,978 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after acquiring an additional 12,499 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Citigroup by 109.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company's stock worth $88,458,000 after buying an additional 649,807 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new position in Citigroup in the 1st quarter valued at approximately $214,000. Finally, Hayek Kallen Investment Management boosted its position in Citigroup by 125.0% in the 1st quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company's stock valued at $1,103,000 after buying an additional 8,630 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

Citigroup stock opened at $99.83 on Wednesday. The stock has a market cap of $183.78 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. The company has a fifty day simple moving average of $97.25 and a 200-day simple moving average of $84.16. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $22.09 billion for the quarter, compared to analysts' expectations of $20.92 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.Citigroup's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group reissued a "buy" rating and issued a $118.00 price target on shares of Citigroup in a research report on Tuesday. UBS Group reissued a "neutral" rating and issued a $89.00 price target on shares of Citigroup in a research report on Tuesday, July 15th. Weiss Ratings reissued a "buy (b)" rating on shares of Citigroup in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Piper Sandler raised their price target on shares of Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and an average price target of $101.25.

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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