American Century Companies Inc. Boosts Holdings in Citigroup Inc. $C

American Century Companies Inc. grew its stake in Citigroup Inc. (NYSE:C) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 403,385 shares of the company’s stock after purchasing an additional 32,684 shares during the quarter. American Century Companies Inc.’s holdings in Citigroup were worth $34,336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of C. Brighton Jones LLC raised its holdings in shares of 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 acquiring an additional 12,499 shares during the last quarter. Davis R M Inc. acquired a new position in Citigroup in the 1st quarter valued at $202,000. Harbour Investments Inc. lifted its holdings in Citigroup by 3.3% in the 1st quarter. Harbour Investments Inc. now owns 5,852 shares of the company’s stock valued at $415,000 after purchasing an additional 188 shares in the last quarter. Nicolet Advisory Services LLC lifted its holdings in Citigroup by 5.5% in the 1st quarter. Nicolet Advisory Services LLC now owns 4,323 shares of the company’s stock valued at $307,000 after purchasing an additional 224 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Citigroup by 1.2% during the 1st quarter. US Bancorp DE now owns 529,258 shares of the company’s stock worth $37,572,000 after purchasing an additional 6,361 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

C has been the subject of a number of recent research reports. UBS Group reiterated a “neutral” rating and issued a $108.00 target price on shares of Citigroup in a research report on Monday, November 24th. Barclays upped their price objective on shares of Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Piper Sandler raised their target price on shares of Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Keefe, Bruyette & Woods boosted their target price on Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Truist Financial upped their price target on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $108.70.

Citigroup Stock Performance

NYSE C opened at $103.84 on Friday. The stock has a fifty day simple moving average of $99.79 and a 200-day simple moving average of $92.04. 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 stock has a market cap of $185.79 billion, a PE ratio of 14.58, a P/E/G ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. The company had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. Citigroup’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, November 3rd. Citigroup’s dividend payout ratio is currently 33.71%.

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.