Carnegie Investment Counsel Makes New $266,000 Investment in Citigroup Inc. $C

Carnegie Investment Counsel bought a new position in shares of Citigroup Inc. (NYSE:C) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,129 shares of the company’s stock, valued at approximately $266,000.

A number of other large investors also recently bought and sold shares of the company. Onyx Bridge Wealth Group LLC lifted its holdings in Citigroup by 3.6% during the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock worth $265,000 after buying an additional 109 shares during the last quarter. Secure Asset Management LLC lifted its holdings in shares of Citigroup by 3.7% in the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock worth $280,000 after purchasing an additional 118 shares during the last quarter. Golden State Equity Partners lifted its holdings 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 worth $1,842,000 after purchasing an additional 122 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Citigroup by 0.5% in the 2nd quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock worth $2,034,000 after purchasing an additional 129 shares during the last quarter. Finally, RDA Financial Network lifted its holdings in shares of Citigroup by 3.4% in the 2nd quarter. RDA Financial Network now owns 3,940 shares of the company’s stock worth $335,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 2.1%

NYSE:C opened at $98.77 on Monday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The stock has a market cap of $181.82 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 0.83 and a beta of 1.37. The business has a fifty day moving average of $97.93 and a 200-day moving average of $86.20. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99.

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

Citigroup Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.4%. Citigroup’s dividend payout ratio is 33.71%.

Analysts Set New Price Targets

Several brokerages recently issued reports on C. Piper Sandler raised their price target on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Morgan Stanley raised their price target on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Cowen reissued a “hold” rating and issued a $110.00 price target on shares of Citigroup in a report on Wednesday, October 15th. Barclays raised their price target on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, Bank of America raised their price target on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $107.63.

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.