Mattson Financial Services LLC Invests $346,000 in Citigroup Inc. $C

Key Points

• Mattson Financial Services LLC acquired a new position in Citigroup Inc., purchasing 4,067 shares valued at approximately $346,000.
• Citigroup recently reported quarterly earnings of $1.86 per share, which missed analyst estimates, despite revenues reaching $22.09 billion during the quarter.
• The company declared a quarterly dividend of $0.60 per share, representing an annualized yield of 2.5% and a payout ratio of 33.71%.

Mattson Financial Services LLC bought a new position in Citigroup Inc. (NYSE:C - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,067 shares of the company's stock, valued at approximately $346,000.

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

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Citigroup in a report on Wednesday, October 8th. Oppenheimer decreased their price target on shares of Citigroup from $124.00 to $123.00 and set an "outperform" rating for the company in a report on Tuesday, September 23rd. Cowen reaffirmed a "hold" rating and issued a $110.00 price target on shares of Citigroup in a report on Wednesday. Zacks Research lowered shares of Citigroup from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $118.00 price target on shares of Citigroup in a report on Tuesday. 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 currently has an average rating of "Moderate Buy" and an average price target of $107.63.

Citigroup Trading Up 0.9%

Citigroup stock opened at $97.10 on Friday. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59. The firm has a market capitalization of $178.75 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.81 and a beta of 1.37. The firm has a 50-day moving average price of $97.59 and a two-hundred day moving average price of $84.62. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C - Get Free Report) last issued 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 company had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company's revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Sell-side analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current 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 $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup's dividend payout ratio is currently 33.71%.

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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