Schroder Investment Management Group Has $99.37 Million Stock Position in Citigroup Inc. $C

Schroder Investment Management Group increased its holdings in shares of Citigroup Inc. (NYSE:C) by 12.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,167,365 shares of the company’s stock after buying an additional 124,833 shares during the quarter. Schroder Investment Management Group’s holdings in Citigroup were worth $99,366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Onyx Bridge Wealth Group LLC grew its stake in Citigroup by 3.6% in the second quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock valued at $265,000 after acquiring an additional 109 shares during the period. Fullcircle Wealth LLC raised its position in shares of Citigroup by 0.9% during the second quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock worth $1,206,000 after purchasing an additional 111 shares during the period. Secure Asset Management LLC lifted its holdings in shares of Citigroup by 3.7% during the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after purchasing an additional 118 shares in the last quarter. Golden State Equity Partners grew its position in shares of Citigroup by 0.6% in the 2nd quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock valued at $1,842,000 after purchasing an additional 122 shares during the period. Finally, Altman Advisors Inc. increased its stake in Citigroup by 0.4% during the 2nd quarter. Altman Advisors Inc. now owns 30,979 shares of the company’s stock worth $2,673,000 after purchasing an additional 127 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Up 1.3%

Shares of NYSE:C opened at $103.84 on Friday. The company’s 50-day moving average price is $99.79 and its two-hundred day moving average price is $92.04. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59. 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 stock has a market capitalization of $185.79 billion, a PE ratio of 14.58, a price-to-earnings-growth 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 (EPS) for the quarter, beating 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 business had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. During the same quarter in the previous year, the business earned $1.51 earnings per share. Citigroup’s quarterly revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts forecast 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 was paid on Wednesday, November 26th. Investors 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 annualized dividend and a dividend yield of 2.3%. Citigroup’s dividend payout ratio (DPR) is currently 33.71%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Oppenheimer dropped their price objective on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Morgan Stanley upped their target price on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, Barclays lifted their price target on Citigroup from $100.00 to $115.00 and gave the company 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 given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.70.

Citigroup Company 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.