Alpha Cubed Investments LLC Increases Holdings in Citigroup Inc. $C

Alpha Cubed Investments LLC boosted its stake in Citigroup Inc. (NYSE:C) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,732 shares of the company’s stock after purchasing an additional 581 shares during the period. Alpha Cubed Investments LLC’s holdings in Citigroup were worth $914,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP grew its stake in shares of Citigroup by 43.0% in the second quarter. Allworth Financial LP now owns 58,701 shares of the company’s stock valued at $4,997,000 after buying an additional 17,659 shares in the last quarter. Addison Advisors LLC lifted its position in Citigroup by 18.6% during the 2nd quarter. Addison Advisors LLC now owns 2,607 shares of the company’s stock worth $222,000 after acquiring an additional 409 shares in the last quarter. Americana Partners LLC boosted its holdings in Citigroup by 2.5% in the 2nd quarter. Americana Partners LLC now owns 219,916 shares of the company’s stock worth $18,719,000 after acquiring an additional 5,286 shares during the period. Altman Advisors Inc. grew its position in Citigroup by 0.4% in the second quarter. Altman Advisors Inc. now owns 30,979 shares of the company’s stock valued at $2,673,000 after acquiring an additional 127 shares in the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in shares of Citigroup by 25.5% during the second quarter. Fidelis Capital Partners LLC now owns 11,027 shares of the company’s stock valued at $1,017,000 after purchasing an additional 2,239 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on C. Morgan Stanley upped their target price on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Wells Fargo & Company upped their price objective on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Truist Financial lifted their target price on Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, Bank of America boosted their price target on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Trading Up 0.6%

Citigroup stock opened at $101.44 on Tuesday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The firm’s 50-day moving average is $99.22 and its 200-day moving average is $89.23. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $186.74 billion, a P/E ratio of 14.25, a PEG ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates 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 prior year, the firm earned $1.51 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors 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 (DPR) is 33.71%.

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.