Stonebrook Private Inc. Acquires Shares of 2,690 Citigroup Inc. $C

Stonebrook Private Inc. purchased a new stake in Citigroup Inc. (NYSE:C) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,690 shares of the company’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in 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 buying an additional 12,499 shares during the period. J.W. Cole Advisors Inc. raised its position in shares of Citigroup by 112.0% in the first quarter. J.W. Cole Advisors Inc. now owns 26,695 shares of the company’s stock worth $1,895,000 after acquiring an additional 14,101 shares during the period. Crestwood Advisors Group LLC boosted its stake in shares of Citigroup by 14.2% during the 1st quarter. Crestwood Advisors Group LLC now owns 10,818 shares of the company’s stock worth $768,000 after acquiring an additional 1,345 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Citigroup by 10.3% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 270,980 shares of the company’s stock valued at $19,237,000 after acquiring an additional 25,204 shares during the period. Finally, Proficio Capital Partners LLC grew its position in shares of Citigroup by 9.6% during the 1st quarter. Proficio Capital Partners LLC now owns 4,263 shares of the company’s stock valued at $303,000 after acquiring an additional 372 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Up 1.5%

Shares of NYSE C opened at $99.82 on Thursday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59. The stock has a market cap of $178.61 billion, a PE ratio of 14.02, 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. The company has a 50-day moving average of $99.78 and a 200 day moving average of $90.63.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. The business had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the company posted $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

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

Wall Street Analysts Forecast Growth

C has been the topic of a number of recent analyst reports. Barclays increased their price target on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Wells Fargo & Company increased their target price on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Morgan Stanley upped their price target on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and a consensus target price of $107.43.

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.