180 Wealth Advisors LLC Purchases New Position in Citigroup Inc. $C

180 Wealth Advisors LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,425 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Carnegie Investment Counsel bought a new stake in shares of Citigroup during the second quarter valued at approximately $266,000. FSM Wealth Advisors LLC bought a new stake in shares of Citigroup during the second quarter valued at approximately $248,000. KPP Advisory Services LLC increased its position in shares of Citigroup by 1.1% during the second quarter. KPP Advisory Services LLC now owns 23,677 shares of the company’s stock valued at $2,015,000 after acquiring an additional 262 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in shares of Citigroup by 93.3% during the second quarter. First Citizens Bank & Trust Co. now owns 11,963 shares of the company’s stock valued at $1,018,000 after acquiring an additional 5,774 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of Citigroup by 30.8% during the second quarter. Bleakley Financial Group LLC now owns 30,455 shares of the company’s stock valued at $2,592,000 after acquiring an additional 7,173 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of NYSE C opened at $98.77 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 company has a market cap of $181.82 billion, a P/E ratio of 13.87, a P/E/G ratio of 0.83 and a beta of 1.37. The firm’s fifty day moving average is $97.93 and its two-hundred day moving average is $86.05. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). The company had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

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

Wall Street Analyst Weigh In

C has been the topic of several research reports. Evercore ISI set a $77.00 target price on shares of Citigroup in a report on Monday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a report on Friday. Oppenheimer dropped their target price on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Cowen restated a “hold” rating and issued a $110.00 target price on shares of Citigroup in a report on Wednesday, October 15th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.63.

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.