Citigroup Inc. $C Shares Purchased by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV raised its position in shares of Citigroup Inc. (NYSE:C) by 5.6% in the second quarter, HoldingsChannel reports. The firm owned 39,117 shares of the company’s stock after acquiring an additional 2,070 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Citigroup were worth $3,330,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of Citigroup by 70.5% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,788 shares of the company’s stock worth $663,000 after acquiring an additional 3,220 shares during the period. Amplius Wealth Advisors LLC acquired a new stake in shares of Citigroup in the 2nd quarter worth approximately $294,000. Simon Quick Advisors LLC lifted its stake in shares of Citigroup by 615.9% in the 2nd quarter. Simon Quick Advisors LLC now owns 81,000 shares of the company’s stock worth $6,895,000 after acquiring an additional 69,686 shares during the period. Adell Harriman & Carpenter Inc. lifted its stake in shares of Citigroup by 10.6% in the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 90,743 shares of the company’s stock worth $7,724,000 after acquiring an additional 8,676 shares during the period. Finally, Amalgamated Bank lifted its stake in shares of Citigroup by 0.5% in the 2nd quarter. Amalgamated Bank now owns 368,890 shares of the company’s stock worth $31,400,000 after acquiring an additional 1,947 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Up 1.0%

C stock opened at $100.11 on Friday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The firm has a market cap of $184.30 billion, a PE ratio of 14.06, a P/E/G ratio of 0.83 and a beta of 1.37. The firm has a 50 day simple moving average of $98.50 and a 200 day simple moving average of $87.09. 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 (NYSE:C) last released its earnings results on Tuesday, October 14th. The company reported $1.86 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 business had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. During the same period in the prior year, the company earned $1.51 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts forecast 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 will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s dividend payout ratio is 33.71%.

Wall Street Analyst Weigh In

C has been the subject of a number of research analyst reports. Oppenheimer reduced their price target on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. 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. Cowen reaffirmed a “hold” rating and issued a $110.00 price target on shares of Citigroup in a research note on Wednesday, October 15th. Bank of America increased their target price on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $107.63.

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.