Leavell Investment Management Inc. Acquires 3,066 Shares of Citigroup Inc. $C

Leavell Investment Management Inc. lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 21.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,471 shares of the company’s stock after purchasing an additional 3,066 shares during the period. Leavell Investment Management Inc.’s holdings in Citigroup were worth $1,487,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Brian Low Financial Group LLC acquired a new position in Citigroup during the 2nd quarter worth about $830,000. BIP Wealth LLC lifted its stake in shares of Citigroup by 21.0% in the second quarter. BIP Wealth LLC now owns 3,589 shares of the company’s stock worth $306,000 after acquiring an additional 624 shares during the period. AG2R LA Mondiale Gestion D Actifs boosted its holdings 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. Fielder Capital Group LLC acquired a new stake in Citigroup during the 2nd quarter valued at approximately $202,000. Finally, Ranch Capital Advisors Inc. raised its holdings in Citigroup by 5.8% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 29,413 shares of the company’s stock worth $2,504,000 after purchasing an additional 1,607 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. UBS Group reaffirmed a “neutral” rating and issued a $89.00 price objective on shares of Citigroup in a research note on Tuesday, July 15th. Cowen reaffirmed a “hold” rating and set a $110.00 price target on shares of Citigroup in a research report on Wednesday, October 15th. Wall Street Zen raised Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Oppenheimer cut their target price on Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Finally, Barclays raised their target price on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Price Performance

C stock opened at $98.77 on Monday. 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 company’s 50-day moving average is $97.93 and its 200-day moving average is $86.20. The stock has a market capitalization of $181.82 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). The firm 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%.The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $1.51 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be issued a $0.60 dividend. 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 dividend payout ratio (DPR) is currently 33.71%.

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.