Citigroup Inc. $C Shares Acquired by TIAA Trust National Association

TIAA Trust National Association increased its stake in Citigroup Inc. (NYSE:C) by 27.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,794 shares of the company’s stock after acquiring an additional 4,941 shares during the period. TIAA Trust National Association’s holdings in Citigroup were worth $1,940,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of C. Brighton Jones LLC grew its position 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 buying an additional 12,499 shares in the last quarter. Capital Investment Advisory Services LLC raised its holdings in Citigroup by 6.4% in the first quarter. Capital Investment Advisory Services LLC now owns 6,092 shares of the company’s stock valued at $432,000 after acquiring an additional 366 shares in the last quarter. World Investment Advisors grew its holdings in Citigroup by 25.9% during the 1st quarter. World Investment Advisors now owns 33,614 shares of the company’s stock worth $2,386,000 after acquiring an additional 6,908 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Citigroup by 126.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 39,657 shares of the company’s stock worth $2,815,000 after acquiring an additional 22,182 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its holdings in shares of Citigroup by 15.2% in the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 3,463 shares of the company’s stock valued at $246,000 after purchasing an additional 457 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

C has been the topic of a number of analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $118.00 price objective on shares of Citigroup in a report on Tuesday, October 14th. Dbs Bank cut Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Morgan Stanley raised their target price on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Wells Fargo & Company raised their target price on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $107.63.

Citigroup Stock Performance

NYSE C opened at $101.46 on Tuesday. The company has a fifty day moving average of $98.75 and a two-hundred day moving average of $87.96. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The company has a market capitalization of $186.77 billion, a PE ratio of 14.25, a P/E/G ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). 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 firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s payout ratio is presently 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.