First Citizens Bank & Trust Co. Increases Holdings in Citigroup Inc. $C

First Citizens Bank & Trust Co. raised its stake in shares of Citigroup Inc. (NYSE:C) by 93.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,963 shares of the company’s stock after buying an additional 5,774 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Citigroup were worth $1,018,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new position in Citigroup during the first quarter valued at $28,000. Accent Capital Management LLC increased its holdings in shares of Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares in the last quarter. DHJJ Financial Advisors Ltd. increased its holdings in shares of Citigroup by 157.1% in the 2nd 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. Truvestments Capital LLC increased its holdings in shares of Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares in the last quarter. Finally, HHM Wealth Advisors LLC increased its holdings in shares of Citigroup by 805.2% in the 1st 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. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Bank of America lifted their target price on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Piper Sandler lifted their target price on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Barclays lifted their target price on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. The Goldman Sachs Group reissued a “buy” rating and issued a $118.00 target price on shares of Citigroup in a report on Tuesday, October 14th. Finally, Keefe, Bruyette & Woods lifted their target price on Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.63.

Citigroup Stock Performance

Shares of C opened at $98.77 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59. The firm has a market capitalization of $181.82 billion, a P/E ratio of 13.87, a PEG ratio of 0.81 and a beta of 1.37. The business has a fifty day moving average of $97.93 and a 200 day moving average of $85.86.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $1.86 EPS 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 the consensus estimate of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business also recently announced 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 yield of 2.4%. Citigroup’s payout ratio is 33.71%.

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.