Citigroup Inc. $C Shares Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. increased its position in shares of Citigroup Inc. (NYSE:C) by 36.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,101 shares of the company’s stock after purchasing an additional 2,415 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Citigroup were worth $775,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of C. Brighton Jones LLC lifted its stake in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares during the period. Schechter Investment Advisors LLC boosted its holdings in Citigroup by 1.0% in the first quarter. Schechter Investment Advisors LLC now owns 23,615 shares of the company’s stock valued at $1,676,000 after purchasing an additional 233 shares during the last quarter. Stephens Inc. AR boosted its holdings in Citigroup by 13.7% in the first quarter. Stephens Inc. AR now owns 129,988 shares of the company’s stock valued at $9,228,000 after purchasing an additional 15,626 shares during the last quarter. CWM LLC grew its position in Citigroup by 32.6% during the 1st quarter. CWM LLC now owns 131,220 shares of the company’s stock worth $9,315,000 after purchasing an additional 32,272 shares during the period. Finally, Bleakley Financial Group LLC raised its stake in shares of Citigroup by 14.2% during the 1st quarter. Bleakley Financial Group LLC now owns 23,282 shares of the company’s stock valued at $1,653,000 after buying an additional 2,897 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the topic of a number of recent research reports. Piper Sandler upped their target price on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Bank of America increased their price target on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Morgan Stanley raised 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. Finally, Wells Fargo & Company upped their target price on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.63.

Citigroup Price Performance

NYSE:C opened at $101.44 on Tuesday. The stock has a 50 day moving average of $99.22 and a two-hundred day moving average of $89.23. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The firm has a market cap of $186.74 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.35. The business had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s payout ratio is 33.71%.

Citigroup 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.