Citigroup Inc. $C Shares Acquired by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC boosted its holdings in Citigroup Inc. (NYSE:C) by 8,402.6% during the second quarter, Holdings Channel.com reports. The fund owned 45,829 shares of the company’s stock after acquiring an additional 45,290 shares during the period. Laurel Wealth Advisors LLC’s holdings in Citigroup were worth $3,901,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in C. Vanguard Group Inc. lifted its holdings in shares of Citigroup by 0.7% in the second quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock valued at $14,117,313,000 after purchasing an additional 1,148,451 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Citigroup by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock worth $3,645,084,000 after purchasing an additional 411,894 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in 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 buying an additional 2,539,769 shares in the last quarter. Franklin Resources Inc. grew its holdings in Citigroup by 2.2% during the 2nd quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock valued at $2,748,571,000 after buying an additional 679,967 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Citigroup by 1.0% during the 1st quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock valued at $1,450,153,000 after buying an additional 195,013 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on C shares. Cowen restated a “hold” rating and issued a $110.00 price objective on shares of Citigroup in a research report on Wednesday, October 15th. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, October 8th. TD Cowen lifted their price target on shares of Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, Bank of America upped their price objective on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $108.70.

Citigroup Stock Performance

Shares of C stock opened at $102.59 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $183.56 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59. The company has a 50 day moving average price of $99.77 and a 200 day moving average price of $91.73.

Citigroup (NYSE:C) last announced its quarterly 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. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The company had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. During the same quarter last year, the business earned $1.51 EPS. Citigroup’s revenue for the quarter was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s 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.