VIRGINIA RETIREMENT SYSTEMS ET Al Invests $81.75 Million in Citigroup Inc. $C

Key Points

• Virginia Retirement Systems ET Al invested approximately $81.75 million in Citigroup Inc. by acquiring 960,460 shares during the second quarter.
• Citigroup reported $1.86 EPS for the latest quarter, slightly missing estimates, but achieved $22.09 billion in revenue, exceeding expectations.
• The company recently announced a quarterly dividend of $0.60 per share, reflecting a yield of 2.5% with a payout ratio of 33.71%.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Citigroup Inc. (NYSE:C - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 960,460 shares of the company's stock, valued at approximately $81,754,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.05% of Citigroup as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new position in Citigroup during the first quarter worth approximately $28,000. Accent Capital Management LLC lifted its holdings in Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after acquiring an additional 212 shares during the last quarter. DHJJ Financial Advisors Ltd. lifted 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 worth $35,000 after acquiring an additional 253 shares during the last quarter. Truvestments Capital LLC grew its position in 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 acquiring an additional 246 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its stake in shares of Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company's stock worth $37,000 after acquiring an additional 467 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on C. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $118.00 target price on shares of Citigroup in a research report on Tuesday. Barclays upped their price target on shares of Citigroup from $100.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday. Bank of America increased their price objective on shares of Citigroup from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday. Truist Financial lifted their price target on Citigroup from $105.00 to $112.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. Finally, Evercore ISI set a $77.00 target price on shares of Citigroup in a report on Monday, July 7th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Citigroup currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.63.

Citigroup Price Performance

Shares of C stock opened at $97.10 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. 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 0.82 and a beta of 1.37. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59. The firm has a fifty day moving average of $97.59 and a 200-day moving average of $84.71.

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

Citigroup Announces Dividend

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