University of Illinois Foundation Purchases New Stake in Citigroup Inc. $C

University of Illinois Foundation acquired a new position in shares of Citigroup Inc. (NYSE:C) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 593 shares of the company’s stock, valued at approximately $50,000. Citigroup makes up approximately 0.0% of University of Illinois Foundation’s investment portfolio, making the stock its 10th largest position.

Several other hedge funds have also recently bought and sold shares of C. Goldman Sachs Group Inc. lifted its holdings in shares of Citigroup by 179.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after acquiring an additional 9,334,038 shares during the period. Nuveen LLC bought a new stake in Citigroup during the first quarter worth $578,100,000. Amundi boosted its holdings in shares of Citigroup by 78.4% in the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock valued at $973,523,000 after purchasing an additional 6,026,268 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Citigroup by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after purchasing an additional 2,539,769 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Citigroup by 2,230.8% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock worth $186,726,000 after buying an additional 2,517,459 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

C has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, October 8th. Bank of America increased their target price on shares of Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Oppenheimer decreased their price target on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Piper Sandler boosted their target price on shares of Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $107.43.

Citigroup Trading Down 2.1%

NYSE C opened at $97.72 on Friday. The firm has a market capitalization of $174.85 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The business’s 50-day moving average price is $99.76 and its two-hundred day moving average price is $90.67. 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 Inc. has a 12 month low of $55.51 and a 12 month high of $105.59.

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

Citigroup Dividend Announcement

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