Citigroup Inc. $C is Edgar Lomax Co. VA’s 10th Largest Position

Edgar Lomax Co. VA lowered its stake in shares of Citigroup Inc. (NYSE:C) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 642,320 shares of the company’s stock after selling 10,280 shares during the period. Citigroup comprises about 3.5% of Edgar Lomax Co. VA’s investment portfolio, making the stock its 10th biggest holding. Edgar Lomax Co. VA’s holdings in Citigroup were worth $54,674,000 as of its most recent filing with the Securities & Exchange Commission.

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

Citigroup Stock Performance

NYSE:C opened at $98.68 on Monday. The firm has a market capitalization of $176.56 billion, a PE ratio of 13.86, a PEG ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. 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’s fifty day simple moving average is $99.74 and its 200 day simple moving average is $91.17.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. The firm had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

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 paid 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 is presently 33.71%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Oppenheimer reduced their target price on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Cowen reaffirmed a “hold” rating and issued a $110.00 price objective on shares of Citigroup in a research note on Wednesday, October 15th. Morgan Stanley increased their target price on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, Truist Financial raised their target price on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.43.

Citigroup Company 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.