Citigroup Inc. $C Shares Bought by Seelaus Asset Management LLC

Seelaus Asset Management LLC grew its holdings in shares of Citigroup Inc. (NYSE:C) by 5.5% in the 2nd quarter, Holdings Channel reports. The fund owned 12,763 shares of the company’s stock after acquiring an additional 661 shares during the period. Citigroup accounts for about 1.0% of Seelaus Asset Management LLC’s investment portfolio, making the stock its 22nd biggest position. Seelaus Asset Management LLC’s holdings in Citigroup were worth $1,086,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of C. Brighton Jones LLC grew its stake in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares in the last quarter. Mutual Advisors LLC grew its stake in Citigroup by 2.7% in the first quarter. Mutual Advisors LLC now owns 18,062 shares of the company’s stock worth $1,236,000 after purchasing an additional 481 shares in the last quarter. Brookstone Capital Management grew its stake in Citigroup by 57.3% in the first quarter. Brookstone Capital Management now owns 56,674 shares of the company’s stock worth $4,023,000 after purchasing an additional 20,640 shares in the last quarter. Capital Investment Advisory Services LLC grew its stake in Citigroup by 6.4% in the first quarter. Capital Investment Advisory Services LLC now owns 6,092 shares of the company’s stock worth $432,000 after purchasing an additional 366 shares in the last quarter. Finally, World Investment Advisors grew its stake in Citigroup by 25.9% in the first quarter. World Investment Advisors now owns 33,614 shares of the company’s stock worth $2,386,000 after purchasing an additional 6,908 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on C. TD Cowen lifted their price target on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Truist Financial lifted their target price on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. UBS Group restated a “neutral” rating and issued a $89.00 target price on shares of Citigroup in a research note on Tuesday, July 15th. Oppenheimer decreased their target price on Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Finally, Wells Fargo & Company lifted their target price on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Eleven equities 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 a consensus rating of “Moderate Buy” and a consensus price target of $107.63.

Citigroup Price Performance

NYSE C opened at $101.42 on Monday. The stock has a market capitalization of $186.69 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The business’s fifty day moving average is $98.62 and its two-hundred day moving average is $87.69. 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 posted 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). 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%. Citigroup’s quarterly revenue was up 9.3% on a year-over-year basis. 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 forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

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

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.