AlTi Global Inc. Purchases 518 Shares of Citigroup Inc. $C

AlTi Global Inc. increased its position in shares of Citigroup Inc. (NYSE:C) by 8.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,394 shares of the company’s stock after buying an additional 518 shares during the period. AlTi Global Inc.’s holdings in Citigroup were worth $545,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new stake in Citigroup in the first quarter worth $28,000. Accent Capital Management LLC grew its holdings in Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the period. DHJJ Financial Advisors Ltd. grew its holdings in Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares during the period. Truvestments Capital LLC grew its holdings in Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares during the period. Finally, HHM Wealth Advisors LLC grew its holdings in 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 purchasing an additional 467 shares during the period. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the subject of a number of research reports. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a report on Friday. Oppenheimer reduced their price target on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Evercore ISI set a $77.00 price objective on shares of Citigroup in a report on Monday, July 7th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Stock Up 2.1%

Shares of NYSE C opened at $98.77 on Friday. The stock has a market capitalization of $181.82 billion, a P/E ratio of 13.87, a P/E/G ratio of 0.81 and a beta of 1.37. The company has a 50-day moving average price of $97.93 and a 200-day moving average price of $85.86. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last issued 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 business had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. During the same quarter in the prior year, the business earned $1.51 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared 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 is Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.4%. Citigroup’s payout ratio is 33.71%.

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.