FLC Capital Advisors Raises Stake in Citigroup Inc. $C

FLC Capital Advisors raised its position in Citigroup Inc. (NYSE:C) by 75.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,226 shares of the company’s stock after purchasing an additional 2,247 shares during the period. FLC Capital Advisors’ holdings in Citigroup were worth $445,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. MorganRosel Wealth Management LLC purchased a new stake in Citigroup during the 1st quarter worth about $28,000. Accent Capital Management LLC lifted its position in shares of Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after buying an additional 212 shares during the last quarter. 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 in the last quarter. DHJJ Financial Advisors Ltd. grew 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 valued at $35,000 after buying an additional 253 shares during the last quarter. Finally, HHM Wealth Advisors LLC raised its stake in Citigroup by 805.2% during the 1st 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 owned by hedge funds and other institutional investors.

Citigroup Price Performance

Shares of NYSE:C opened at $97.10 on Monday. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59. The company has a 50-day moving average price of $97.59 and a 200 day moving average price of $84.86. The company has a market cap of $178.75 billion, a P/E ratio of 13.64, a PEG ratio of 0.82 and a beta of 1.37. 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) 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). Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. During the same period last year, the company posted $1.51 earnings per share. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, November 3rd. Citigroup’s payout ratio is presently 33.71%.

Analyst Upgrades and Downgrades

C has been the subject of several research analyst reports. Morgan Stanley increased their price objective on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Evercore ISI set a $77.00 target price on shares of Citigroup in a report on Monday, July 7th. Bank of America raised their price target on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Dbs Bank downgraded Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average 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.