7,790 Shares in Citigroup Inc. $C Acquired by Arvest Bank Trust Division

Arvest Bank Trust Division acquired a new stake in Citigroup Inc. (NYSE:C) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,790 shares of the company’s stock, valued at approximately $663,000.

Other hedge funds have also added to or reduced their stakes in the company. Accent Capital Management LLC increased its position in Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after buying an additional 212 shares during the period. DHJJ Financial Advisors Ltd. increased its position in Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after acquiring an additional 253 shares during the period. Truvestments Capital LLC raised its stake in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in Citigroup in the 2nd quarter valued at about $38,000. Finally, HHM Wealth Advisors LLC grew its position in shares of Citigroup by 805.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after purchasing an additional 467 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Down 2.1%

Shares of C opened at $100.71 on Friday. 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 Inc. has a 52 week low of $55.51 and a 52 week high of $105.59. The stock has a market capitalization of $180.20 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 0.83 and a beta of 1.37. The stock has a fifty day moving average of $99.57 and a 200-day moving average of $89.63.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business had revenue of $22.09 billion during the quarter, compared to analysts’ expectations 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. As a group, sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on C shares. Truist Financial lifted their price target on shares of Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Piper Sandler increased their target price on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Wells Fargo & Company upped their price objective on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Keefe, Bruyette & Woods increased their price objective on shares of Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $118.00 target price on shares of Citigroup in a research report on Tuesday, October 14th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $107.63.

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.