Klingman & Associates LLC Has $1.56 Million Stock Holdings in Citigroup Inc. $C

Key Points

• Klingman & Associates LLC increased its holdings in Citigroup by 401.8% in the second quarter, owning 18,276 shares worth approximately $1.56 million.
• Citigroup reported earnings per share of $1.86 for the last quarter, falling short of estimates by $0.03, while its revenue of $22.09 billion exceeded expectations.
• The company declared a quarterly dividend of $0.60 per share, with a 2.4% dividend yield, to be paid on November 26th.

Klingman & Associates LLC grew its holdings in Citigroup Inc. (NYSE:C - Free Report) by 401.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,276 shares of the company's stock after acquiring an additional 14,634 shares during the period. Klingman & Associates LLC's holdings in Citigroup were worth $1,556,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. MorganRosel Wealth Management LLC acquired a new position in Citigroup during the first quarter worth $28,000. Accent Capital Management LLC boosted its stake in shares of Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company's stock worth $29,000 after acquiring an additional 212 shares in the last quarter. Truvestments Capital LLC boosted its stake in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after acquiring an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. increased its holdings in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company's stock valued at $35,000 after acquiring an additional 253 shares during the last quarter. Finally, HHM Wealth Advisors LLC raised its stake in shares of Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company's stock valued at $37,000 after acquiring an additional 467 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on C shares. Zacks Research lowered shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. Barclays lifted their target price on shares of Citigroup from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, October 15th. Morgan Stanley boosted their target price on shares of Citigroup from $129.00 to $134.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 15th. Wells Fargo & Company raised their price target on Citigroup from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Tuesday, September 16th. Finally, Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and an average target price of $107.63.

Citigroup Stock Performance

Citigroup stock opened at $99.18 on Tuesday. 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. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59. The stock has a fifty day moving average price of $97.72 and a two-hundred day moving average price of $85.15.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results 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 business had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be paid 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 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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