Citigroup Inc. $C Stake Increased by Stableford Capital II LLC

Key Points

• Stableford Capital II LLC increased its holdings in Citigroup by 83.2%, owning a total of 14,163 shares valued at approximately $1.2 million as of the latest SEC filing.
• Citigroup reported earnings of $1.86 per share for the quarter, slightly missing analysts' expectations, however, revenue rose to $22.09 billion, exceeding estimates.
• The company announced a quarterly dividend of $0.60 per share, representing a 2.4% yield and a dividend payout ratio of 35.45%.

Stableford Capital II LLC increased its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 83.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,163 shares of the company's stock after buying an additional 6,430 shares during the quarter. Stableford Capital II LLC's holdings in Citigroup were worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Private Advisory Group LLC grew its stake in Citigroup by 20.8% during the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company's stock valued at $4,940,000 after acquiring an additional 11,978 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Citigroup by 109.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company's stock worth $88,458,000 after purchasing an additional 649,807 shares during the period. Brighton Jones LLC grew its position in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new position in Citigroup during the first quarter valued at approximately $214,000. Finally, Hayek Kallen Investment Management increased its stake 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 owned by institutional investors and hedge funds.

Citigroup Stock Performance

Shares of NYSE C opened at $99.73 on Thursday. The business's 50-day simple moving average is $97.40 and its 200-day simple moving average is $84.27. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59. The firm has a market cap of $183.59 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 0.87 and a beta of 1.37.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.89 by ($0.03). Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. During the same period in the previous year, the company earned $1.51 EPS. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

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 issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup's dividend payout ratio (DPR) is 35.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on C shares. Bank of America lifted their target price on shares of Citigroup from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday. Keefe, Bruyette & Woods reissued a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. Barclays upped their target price on Citigroup from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday. Weiss Ratings reiterated a "buy (b)" rating on shares of Citigroup in a report on Wednesday, October 8th. Finally, Truist Financial boosted their price target on Citigroup from $105.00 to $112.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.90.

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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