Mediolanum International Funds Ltd Purchases 131,692 Shares of Citigroup Inc. $C

Mediolanum International Funds Ltd increased its position in Citigroup Inc. (NYSE:C) by 49.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 400,276 shares of the company’s stock after purchasing an additional 131,692 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Citigroup were worth $33,775,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in C. Private Advisory Group LLC increased its holdings in shares of Citigroup by 20.8% during the first quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock worth $4,940,000 after buying an additional 11,978 shares in the last quarter. Keystone Financial Services acquired a new position in shares of Citigroup during the second quarter valued at $216,000. Brighton Jones LLC lifted its position in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,499 shares during the period. Hayek Kallen Investment Management boosted its stake in Citigroup by 125.0% in the first quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock valued at $1,103,000 after acquiring an additional 8,630 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Citigroup by 3.9% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 257,930 shares of the company’s stock valued at $21,955,000 after purchasing an additional 9,644 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Down 2.1%

Citigroup stock opened at $97.72 on Friday. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59. The stock has a market capitalization of $174.85 billion, a P/E ratio of 13.72, a PEG ratio of 0.83 and a beta of 1.37. The stock has a 50-day simple moving average of $99.76 and a 200 day simple moving average of $90.67. 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 announced its earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, topping the consensus estimate of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. During the same quarter in the previous year, the firm posted $1.51 EPS. Citigroup’s revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be issued 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 is 33.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Dbs Bank cut Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Oppenheimer lowered their price objective on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday. Morgan Stanley boosted their target price on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Piper Sandler increased their price objective on shares of Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, Cowen reaffirmed a “hold” rating and issued a $110.00 target price on shares of Citigroup in a research report on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.43.

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.