Citigroup Inc. $C Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its position in Citigroup Inc. (NYSE:C) by 15.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 73,770 shares of the company’s stock after buying an additional 10,141 shares during the quarter. Advisors Asset Management Inc.’s holdings in Citigroup were worth $6,279,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares during the period. Fiera Capital Corp lifted its position in Citigroup by 55.7% in the first quarter. Fiera Capital Corp now owns 185,085 shares of the company’s stock valued at $13,139,000 after purchasing an additional 66,243 shares during the period. Meeder Asset Management Inc. lifted its position in Citigroup by 103.7% in the first quarter. Meeder Asset Management Inc. now owns 1,045 shares of the company’s stock valued at $74,000 after purchasing an additional 532 shares during the period. TCTC Holdings LLC boosted its holdings in Citigroup by 36.0% in the 1st quarter. TCTC Holdings LLC now owns 3,287 shares of the company’s stock valued at $233,000 after purchasing an additional 870 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in Citigroup during the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on C shares. Keefe, Bruyette & Woods raised their price target on Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. UBS Group reissued a “neutral” rating and issued a $108.00 target price on shares of Citigroup in a report on Monday. 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 note on Wednesday, October 15th. Finally, Dbs Bank downgraded shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.70.

Citigroup Stock Performance

Shares of NYSE C opened at $102.59 on Thursday. The company has a 50-day simple moving average of $99.77 and a 200-day simple moving average of $91.65. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $183.56 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share (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 business had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. During the same quarter in the prior year, the firm posted $1.51 earnings per share. The company’s quarterly revenue 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 earnings per share for the current year.

Citigroup Announces Dividend

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