Trust Co. of Toledo NA OH Has $1.95 Million Position in Citigroup Inc. $C

Trust Co. of Toledo NA OH boosted its position in shares of Citigroup Inc. (NYSE:C) by 28.1% in the second quarter, Holdings Channel reports. The firm owned 22,892 shares of the company’s stock after purchasing an additional 5,019 shares during the period. Trust Co. of Toledo NA OH’s holdings in Citigroup were worth $1,949,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Secure Asset Management LLC grew its holdings in Citigroup by 3.7% during the second quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after purchasing an additional 118 shares during the period. Golden State Equity Partners grew its holdings in Citigroup by 0.6% during the second quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock valued at $1,842,000 after purchasing an additional 122 shares during the period. Wedmont Private Capital grew its holdings in Citigroup by 0.5% during the second quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock valued at $2,034,000 after purchasing an additional 129 shares during the period. RDA Financial Network grew its holdings in Citigroup by 3.4% during the second quarter. RDA Financial Network now owns 3,940 shares of the company’s stock valued at $335,000 after purchasing an additional 130 shares during the period. Finally, DMKC Advisory Services LLC grew its holdings in Citigroup by 0.7% during the second quarter. DMKC Advisory Services LLC now owns 19,838 shares of the company’s stock valued at $1,847,000 after purchasing an additional 131 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C stock opened at $93.87 on Friday. The company’s fifty day simple moving average is $97.00 and its 200-day simple moving average is $83.71. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The firm has a market cap of $172.81 billion, a PE ratio of 13.87, a P/E/G ratio of 0.84 and a beta of 1.37. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. The business had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were given a $0.60 dividend. This is a boost from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s payout ratio is presently 35.45%.

Insider Activity at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the sale, the director owned 2,140 shares of the company’s stock, valued at $193,456. The trade was a 58.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on C shares. UBS Group reaffirmed a “neutral” rating and issued a $89.00 price target on shares of Citigroup in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their price target on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Evercore ISI set a $77.00 price target on shares of Citigroup in a research note on Monday, July 7th. TD Cowen lifted their price target on shares of Citigroup from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Wednesday, July 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research note on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.68.

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.