Citigroup Inc. $C is Elgethun Capital Management’s 8th Largest Position

Elgethun Capital Management lifted its stake in Citigroup Inc. (NYSE:C) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,895 shares of the company’s stock after purchasing an additional 3,390 shares during the quarter. Citigroup comprises approximately 3.0% of Elgethun Capital Management’s holdings, making the stock its 8th largest position. Elgethun Capital Management’s holdings in Citigroup were worth $14,717,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Accent Capital Management LLC boosted 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 acquiring an additional 212 shares in the last quarter. DHJJ Financial Advisors Ltd. raised its position in shares of Citigroup by 157.1% in the 2nd 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 last quarter. Truvestments Capital LLC boosted its stake in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in Citigroup during the 2nd quarter valued at about $38,000. Finally, MTM Investment Management LLC bought a new stake in Citigroup during the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C opened at $102.59 on Thursday. The business has a 50-day simple moving average of $99.77 and a two-hundred day simple moving average of $91.65. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59. The stock has a market cap of $183.56 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. The company had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. Citigroup’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.51 EPS. 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 was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. Citigroup’s payout ratio is presently 33.71%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Cowen reissued a “hold” rating and issued a $110.00 target price on shares of Citigroup in a report on Wednesday, October 15th. UBS Group restated a “neutral” rating and issued a $108.00 price target on shares of Citigroup in a research note on Monday. Bank of America increased their price objective on Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, Oppenheimer reduced their price objective on Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.70.

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.