Citigroup Inc. $C Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,220 shares of the company’s stock after acquiring an additional 2,200 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Citigroup were worth $4,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in C. Inceptionr LLC lifted its stake in shares of Citigroup by 66.9% during the second quarter. Inceptionr LLC now owns 26,816 shares of the company’s stock worth $2,283,000 after purchasing an additional 10,753 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Citigroup by 4.4% in the second quarter. J.W. Cole Advisors Inc. now owns 27,862 shares of the company’s stock valued at $2,372,000 after buying an additional 1,167 shares in the last quarter. North Star Asset Management Inc. raised its holdings in shares of Citigroup by 42.7% during the 2nd quarter. North Star Asset Management Inc. now owns 6,893 shares of the company’s stock valued at $587,000 after buying an additional 2,061 shares during the period. SlateStone Wealth LLC lifted its position in Citigroup by 114.9% during the 2nd quarter. SlateStone Wealth LLC now owns 18,332 shares of the company’s stock worth $1,560,000 after acquiring an additional 9,800 shares in the last quarter. Finally, Associated Banc Corp boosted its holdings in Citigroup by 18.7% in the 2nd quarter. Associated Banc Corp now owns 4,786 shares of the company’s stock worth $407,000 after acquiring an additional 755 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. 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. Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $118.00 price objective on shares of Citigroup in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Finally, Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.70.

Citigroup Stock Performance

Shares of C stock opened at $102.59 on Thursday. The stock has a market capitalization of $183.56 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59. The company’s 50-day simple moving average is $99.77 and its 200-day simple moving average is $91.65. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. During the same quarter in the prior year, the firm posted $1.51 earnings per share. Citigroup’s revenue for the quarter was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s dividend payout ratio is currently 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.