Allianz SE Purchases 578 Shares of Citigroup Inc. $C

Allianz SE lifted its holdings in Citigroup Inc. (NYSE:C) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 141,262 shares of the company’s stock after buying an additional 578 shares during the period. Allianz SE’s holdings in Citigroup were worth $12,024,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of C. Onyx Bridge Wealth Group LLC grew its stake in Citigroup by 3.6% in the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock valued at $265,000 after purchasing an additional 109 shares during the period. Fullcircle Wealth LLC increased its position in Citigroup by 0.9% in the second quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock worth $1,206,000 after buying an additional 111 shares during the last quarter. Secure Asset Management LLC lifted its holdings in Citigroup by 3.7% during the second quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after purchasing an additional 118 shares during the last quarter. Golden State Equity Partners lifted its stake in shares of Citigroup by 0.6% during the 2nd quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock valued at $1,842,000 after buying an additional 122 shares in the last quarter. Finally, Altman Advisors Inc. boosted its holdings in Citigroup by 0.4% in the 2nd quarter. Altman Advisors Inc. now owns 30,979 shares of the company’s stock worth $2,673,000 after buying an additional 127 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Price Performance

Shares of C opened at $102.79 on Thursday. The firm has a market cap of $183.92 billion, a PE ratio of 14.44, 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 firm has a fifty day simple moving average of $99.49 and a two-hundred day simple moving average of $89.55. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59.

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. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. During the same quarter in the prior year, the firm earned $1.51 EPS. The business’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 anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The company 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 dividend of $0.60 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. Citigroup’s dividend payout ratio (DPR) is presently 33.71%.

Analyst Ratings Changes

Several equities analysts recently commented on C shares. Keefe, Bruyette & Woods boosted their price objective 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. Barclays boosted their price objective on shares of 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 restated a “buy” rating and set a $118.00 target price on shares of Citigroup in a report on Tuesday, October 14th. Wells Fargo & Company upped their price target on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Finally, Cowen reaffirmed a “hold” rating and issued a $110.00 price target on shares of Citigroup in a research note on Wednesday, October 15th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus price target of $107.63.

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.