Citigroup Inc. $C Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P grew its position in Citigroup Inc. (NYSE:C) by 176.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,326 shares of the company’s stock after buying an additional 19,986 shares during the period. Loomis Sayles & Co. L P’s holdings in Citigroup were worth $2,666,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,499 shares during the period. Harbour Investments Inc. raised 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 buying an additional 188 shares during the period. TIAA Trust National Association lifted its position in Citigroup by 11.0% in the first quarter. TIAA Trust National Association now owns 17,853 shares of the company’s stock valued at $1,267,000 after buying an additional 1,775 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Citigroup by 4.4% during the first quarter. PNC Financial Services Group Inc. now owns 396,327 shares of the company’s stock worth $28,135,000 after buying an additional 16,704 shares during the period. Finally, Argent Trust Co boosted its stake in Citigroup by 1.8% during the first quarter. Argent Trust Co now owns 57,027 shares of the company’s stock worth $4,048,000 after buying an additional 1,019 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

C has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Barclays boosted their target price on Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Keefe, Bruyette & Woods raised their price target on Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Bank of America boosted their price objective on Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, TD Cowen increased their target price on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $108.70.

Citigroup Price Performance

Shares of C opened at $102.71 on Tuesday. The firm has a market capitalization of $183.78 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.83 and a beta of 1.37. The firm’s fifty day simple moving average is $99.78 and its 200-day simple moving average is $92.35. Citigroup Inc. has a twelve month low of $55.51 and a twelve month 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.

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

Citigroup Announces Dividend

The firm 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. The ex-dividend date was 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 is presently 33.71%.

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.