Brandywine Global Investment Management LLC Purchases 92,278 Shares of Citigroup Inc. $C

Brandywine Global Investment Management LLC boosted its position in Citigroup Inc. (NYSE:C) by 2.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,362,968 shares of the company’s stock after purchasing an additional 92,278 shares during the period. Citigroup comprises 2.0% of Brandywine Global Investment Management LLC’s holdings, making the stock its 5th largest position. Brandywine Global Investment Management LLC owned about 0.18% of Citigroup worth $286,256,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Accent Capital Management LLC lifted its position in shares of Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after buying an additional 212 shares during the last quarter. Truvestments Capital LLC lifted its holdings in Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares during the last quarter. DHJJ Financial Advisors Ltd. boosted its position in Citigroup by 157.1% during the second 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 period. HHM Wealth Advisors LLC increased its holdings in shares of Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after purchasing an additional 467 shares during the last quarter. Finally, WPG Advisers LLC bought a new position in shares of Citigroup in the first quarter valued at about $38,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 2.1%

Shares of NYSE:C opened at $97.72 on Friday. The business’s 50 day simple moving average is $99.76 and its 200 day simple moving average is $90.67. Citigroup Inc. has a 1 year low of $55.51 and a 1 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 company has a market capitalization of $174.85 billion, a P/E ratio of 13.72, a P/E/G 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 firm had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors 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 (DPR) is currently 33.71%.

Analysts Set New Price Targets

Several brokerages recently commented on C. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Morgan Stanley boosted their price objective on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Barclays upped their target price on Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Oppenheimer dropped their price target on Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price objective on Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus target price of $107.43.

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.