Pinkerton Wealth LLC Has $6.18 Million Stock Holdings in Citigroup Inc. $C

Pinkerton Wealth LLC lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,547 shares of the company’s stock after purchasing an additional 705 shares during the quarter. Citigroup makes up about 0.7% of Pinkerton Wealth LLC’s holdings, making the stock its 26th biggest position. Pinkerton Wealth LLC’s holdings in Citigroup were worth $6,175,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Citigroup by 0.7% during the second quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock worth $14,117,313,000 after buying an additional 1,148,451 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Citigroup by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock worth $3,645,084,000 after acquiring an additional 411,894 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Citigroup by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after purchasing an additional 2,539,769 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Citigroup by 2.2% during the 2nd quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock worth $2,748,571,000 after purchasing an additional 679,967 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Citigroup by 3.2% during the 2nd quarter. Fisher Asset Management LLC now owns 32,161,457 shares of the company’s stock valued at $2,737,583,000 after purchasing an additional 988,152 shares during the period. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the subject of a number of research analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $118.00 price target on shares of Citigroup in a report on Tuesday, October 14th. Piper Sandler boosted their target price on shares of Citigroup from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Morgan Stanley upped their target price on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Oppenheimer cut their price target on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Finally, TD Cowen boosted their price target on shares of Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a research 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 stock. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus price target of $108.70.

Citigroup Trading Down 0.9%

Shares of NYSE C opened at $102.71 on Tuesday. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59. The company has a 50-day moving average of $99.78 and a two-hundred day moving average of $92.35. The company has a market cap of $183.78 billion, a PE ratio of 14.43, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating the consensus estimate of $1.89 by $0.35. The business had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. Citigroup’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were issued a $0.60 dividend. The ex-dividend date was Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.3%. Citigroup’s dividend payout ratio (DPR) is currently 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.