Signature Estate & Investment Advisors LLC Invests $256,000 in Citigroup Inc. $C

Signature Estate & Investment Advisors LLC acquired a new position in shares of Citigroup Inc. (NYSE:C - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,005 shares of the company's stock, valued at approximately $256,000.

A number of other hedge funds also recently made changes to their positions in the stock. Secure Asset Management LLC lifted its holdings in shares of Citigroup by 3.7% during the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company's stock worth $280,000 after acquiring an additional 118 shares during the last quarter. Golden State Equity Partners lifted its holdings in shares of Citigroup by 0.6% during the 2nd quarter. Golden State Equity Partners now owns 21,634 shares of the company's stock worth $1,842,000 after acquiring an additional 122 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Citigroup by 0.5% during the 2nd quarter. Wedmont Private Capital now owns 23,706 shares of the company's stock worth $2,034,000 after acquiring an additional 129 shares during the last quarter. RDA Financial Network raised its position in Citigroup by 3.4% in the 2nd quarter. RDA Financial Network now owns 3,940 shares of the company's stock worth $335,000 after purchasing an additional 130 shares during the period. Finally, Richardson Financial Services Inc. raised its position in Citigroup by 6.1% in the 2nd quarter. Richardson Financial Services Inc. now owns 2,270 shares of the company's stock worth $196,000 after purchasing an additional 130 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Price Performance

C stock opened at $98.29 on Wednesday. The firm's 50-day moving average price is $97.78 and its two-hundred day moving average price is $85.24. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59. The stock has a market capitalization of $180.94 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.84 and a beta of 1.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62.

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 analysts' consensus estimates of $1.89 by ($0.03). Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm had revenue of $22.09 billion during the quarter, compared to analysts' expectations of $20.92 billion. During the same quarter in the previous year, the firm posted $1.51 EPS. Citigroup's revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, equities analysts predict 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. Investors of record on Monday, November 3rd will be given a dividend of $0.60 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. Citigroup's payout ratio is currently 33.71%.

Analysts Set New Price Targets

A number of equities analysts recently commented on C shares. Cowen reiterated a "hold" rating and issued a $110.00 target price on shares of Citigroup in a research report on Wednesday, October 15th. Wells Fargo & Company lifted their target price on shares of Citigroup from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 16th. Weiss Ratings reiterated a "buy (b)" rating on shares of Citigroup in a research report on Wednesday, October 8th. Piper Sandler lifted their target price on shares of Citigroup from $107.00 to $110.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 15th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $118.00 target price on shares of Citigroup in a research report on Tuesday, October 14th. Eleven equities research 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.63.

About Citigroup

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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