United Bank Buys Shares of 11,415 Citigroup Inc. $C

Key Points

• United Bank acquired 11,415 shares of Citigroup Inc., investing approximately $972,000 during the 2nd quarter.
• Citigroup's latest earnings report revealed $1.86 EPS for the quarter, slightly missing analysts' expectations, but revenue exceeded forecasts at $22.09 billion.
• The company announced a $0.60 quarterly dividend per share, with an annualized yield of 2.5%, to be paid on November 26th to shareholders of record.

United Bank bought a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,415 shares of the company's stock, valued at approximately $972,000.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on C. Weiss Ratings reissued a "buy (b)" rating on shares of Citigroup in a research report on Wednesday, October 8th. The Goldman Sachs Group reissued a "buy" rating and issued a $118.00 price objective on shares of Citigroup in a research report on Tuesday. UBS Group reissued a "neutral" rating and issued a $89.00 price objective on shares of Citigroup in a research report on Tuesday, July 15th. Dbs Bank cut Citigroup from a "moderate buy" rating to a "hold" rating in a research report on Monday, September 22nd. Finally, Oppenheimer lowered their price objective on Citigroup from $124.00 to $123.00 and set an "outperform" rating for the company in a research report on Tuesday, September 23rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $107.63.

Citigroup Stock Performance

Shares of C stock opened at $97.10 on Friday. The firm has a market capitalization of $178.75 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 0.81 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. The business has a fifty day moving average of $97.59 and a 200 day moving average of $84.62. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59.

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

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. Citigroup's dividend payout ratio (DPR) is presently 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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