Citigroup Inc. $C Holdings Raised by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC lifted its stake in Citigroup Inc. (NYSE:C) by 34.3% in the second quarter, HoldingsChannel reports. The firm owned 13,401 shares of the company’s stock after purchasing an additional 3,422 shares during the period. Quinn Opportunity Partners LLC’s holdings in Citigroup were worth $1,141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Accent Capital Management LLC increased its holdings in shares of Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares during the period. Truvestments Capital LLC increased its position in Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after buying an additional 246 shares during the last quarter. DHJJ Financial Advisors Ltd. raised its holdings in Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after buying an additional 253 shares in the last quarter. HHM Wealth Advisors LLC boosted its stake 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 acquiring an additional 467 shares in the last quarter. Finally, WPG Advisers LLC acquired a new position in shares of Citigroup during the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

NYSE:C opened at $102.79 on Thursday. 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 50-day moving average of $99.49 and a 200-day moving average of $89.55. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59. The company has a market capitalization of $183.92 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $20.92 billion. During the same quarter last year, the company earned $1.51 EPS. Citigroup’s revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 2.3%. Citigroup’s dividend payout ratio (DPR) is 33.71%.

Wall Street Analysts Forecast Growth

C has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Dbs Bank cut Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Bank of America raised their target price on Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Cowen reissued a “hold” rating and issued a $110.00 price objective on shares of Citigroup in a research report on Wednesday, October 15th. Finally, Truist Financial boosted their target price on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently 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.