Brighton Jones LLC Acquires 10,122 Shares of Citigroup Inc. $C

Brighton Jones LLC lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 48.3% during the 2nd quarter, Holdings Channel reports. The firm owned 31,094 shares of the company’s stock after purchasing an additional 10,122 shares during the period. Brighton Jones LLC’s holdings in Citigroup were worth $2,647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Kornitzer Capital Management Inc. KS increased its holdings in shares of Citigroup by 2.3% during the second quarter. Kornitzer Capital Management Inc. KS now owns 62,321 shares of the company’s stock worth $5,305,000 after purchasing an additional 1,389 shares during the period. Leavell Investment Management Inc. increased its stake in Citigroup by 21.3% in the second quarter. Leavell Investment Management Inc. now owns 17,471 shares of the company’s stock valued at $1,487,000 after acquiring an additional 3,066 shares during the last quarter. Brian Low Financial Group LLC bought a new position in Citigroup in the second quarter valued at approximately $830,000. BIP Wealth LLC increased its stake in Citigroup by 21.0% in the second quarter. BIP Wealth LLC now owns 3,589 shares of the company’s stock valued at $306,000 after acquiring an additional 624 shares during the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs increased its stake in Citigroup by 0.9% in the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 70,585 shares of the company’s stock valued at $6,008,000 after acquiring an additional 623 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

C has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. TD Cowen lifted their price objective on shares of Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Barclays lifted their price objective on shares of Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research report on Friday. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $107.63.

Citigroup Stock Performance

Shares of Citigroup stock opened at $98.77 on Monday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week 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. The firm has a market capitalization of $181.82 billion, a P/E ratio of 13.87, a P/E/G ratio of 0.83 and a beta of 1.37. The company’s 50 day moving average price is $97.93 and its two-hundred day moving average price is $86.20.

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

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, November 3rd. 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.