Citigroup Inc. $C Shares Purchased by Generali Investments Management Co LLC

Generali Investments Management Co LLC raised its stake in shares of Citigroup Inc. (NYSE:C) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,379 shares of the company’s stock after buying an additional 2,989 shares during the quarter. Citigroup comprises about 0.9% of Generali Investments Management Co LLC’s investment portfolio, making the stock its 28th biggest position. Generali Investments Management Co LLC’s holdings in Citigroup were worth $4,112,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Citigroup by 1.0% during the second quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock valued at $3,645,084,000 after acquiring an additional 411,894 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Citigroup by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after purchasing an additional 2,539,769 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Citigroup by 1.0% during the 1st quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock worth $1,450,153,000 after purchasing an additional 195,013 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Citigroup by 3.6% during the 1st quarter. Invesco Ltd. now owns 16,839,915 shares of the company’s stock worth $1,195,466,000 after purchasing an additional 592,820 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Citigroup by 179.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after buying an additional 9,334,038 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on C shares. Bank of America raised their target price on shares of Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Truist Financial increased their price target on Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Dbs Bank downgraded Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Barclays upped their target price on Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, Wells Fargo & Company raised their price target on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.63.

Citigroup Trading Down 0.4%

Shares of C stock opened at $100.24 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The firm’s 50 day moving average price is $99.66 and its two-hundred day moving average price is $90.00. The stock has a market cap of $179.35 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating 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 business had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. During the same quarter last year, the firm posted $1.51 EPS. The business’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. On average, analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

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