Cardinal Point Capital Management ULC Buys 1,250 Shares of Citigroup Inc. $C

Cardinal Point Capital Management ULC raised its stake in shares of Citigroup Inc. (NYSE:C) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 18,157 shares of the company’s stock after purchasing an additional 1,250 shares during the quarter. Cardinal Point Capital Management ULC’s holdings in Citigroup were worth $1,546,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new stake in Citigroup in the first quarter valued at about $28,000. Accent Capital Management LLC boosted its position in 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 in the last quarter. Truvestments Capital LLC boosted its position in Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after buying an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. boosted its stake in Citigroup by 157.1% in 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 in the last quarter. Finally, HHM Wealth Advisors LLC boosted its stake in Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after purchasing an additional 467 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 0.3%

Shares of NYSE C opened at $96.62 on Friday. The company’s 50 day simple moving average is $97.83 and its 200 day simple moving average is $85.58. 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 firm has a market capitalization of $177.87 billion, a P/E ratio of 13.57, a P/E/G ratio of 0.81 and a beta of 1.37. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59.

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

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is presently 33.71%.

Analysts Set New Price Targets

A number of research firms have commented on C. Morgan Stanley boosted their price objective on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Evercore ISI set a $77.00 target price on shares of Citigroup in a research report on Monday, July 7th. Wells Fargo & Company upped their target price on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Oppenheimer reduced their target price on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.63.

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.