Citigroup Inc. $C Shares Acquired by Atria Investments Inc

Atria Investments Inc grew its holdings in shares of Citigroup Inc. (NYSE:C) by 6.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,459 shares of the company’s stock after purchasing an additional 14,728 shares during the period. Atria Investments Inc’s holdings in Citigroup were worth $20,723,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Onyx Bridge Wealth Group LLC raised its position in Citigroup by 3.6% in the 2nd 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 in the last quarter. Secure Asset Management LLC raised its stake in Citigroup by 3.7% during the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock worth $280,000 after acquiring an additional 118 shares in the last quarter. Golden State Equity Partners lifted its holdings 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 purchasing an additional 122 shares during the last quarter. Wedmont Private Capital lifted its stake in Citigroup by 0.5% in the second quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock valued at $2,034,000 after buying an additional 129 shares during the last quarter. Finally, RDA Financial Network increased its holdings in shares of Citigroup by 3.4% in the 2nd quarter. RDA Financial Network now owns 3,940 shares of the company’s stock valued at $335,000 after acquiring an additional 130 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 2.2%

NYSE C opened at $99.16 on Thursday. 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 $182.54 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.85 and a beta of 1.37. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The company has a 50-day moving average of $98.35 and a 200-day moving average of $87.00.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.03). Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The company had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. During the same period in the prior year, the firm earned $1.51 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, equities analysts predict 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 will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s payout ratio is currently 33.71%.

Analysts Set New Price Targets

C has been the subject of several recent research reports. 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 note on Friday, October 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. 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. Wells Fargo & Company upped their price target on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Finally, Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.