Citigroup Inc. $C Shares Purchased by Ranch Capital Advisors Inc.

Ranch Capital Advisors Inc. boosted its stake in Citigroup Inc. (NYSE:C) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,413 shares of the company’s stock after acquiring an additional 1,607 shares during the period. Citigroup accounts for 1.1% of Ranch Capital Advisors Inc.’s portfolio, making the stock its 28th largest position. Ranch Capital Advisors Inc.’s holdings in Citigroup were worth $2,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in C. Brighton Jones LLC raised its holdings 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 acquiring an additional 12,499 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Citigroup by 12.7% during the first quarter. GAMMA Investing LLC now owns 34,236 shares of the company’s stock worth $2,430,000 after purchasing an additional 3,855 shares during the period. Daymark Wealth Partners LLC raised its holdings in shares of Citigroup by 268.2% during the first quarter. Daymark Wealth Partners LLC now owns 10,778 shares of the company’s stock worth $765,000 after purchasing an additional 7,851 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of Citigroup by 117.6% during the first quarter. Golden State Wealth Management LLC now owns 6,279 shares of the company’s stock worth $446,000 after purchasing an additional 3,394 shares during the period. Finally, Western Wealth Management LLC raised its holdings in shares of Citigroup by 12.3% during the first quarter. Western Wealth Management LLC now owns 10,440 shares of the company’s stock worth $741,000 after purchasing an additional 1,144 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a report on Friday. Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Piper Sandler increased their target price on shares of Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Bank of America upped their price target 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. Finally, TD Cowen upped their price target on shares of Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Stock Performance

Shares of C opened at $98.77 on Friday. The firm has a 50-day moving average price of $97.93 and a 200 day moving average price of $85.86. The firm has a market capitalization of $181.82 billion, a PE ratio of 13.87, a P/E/G ratio of 0.81 and a beta of 1.37. 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 52-week low of $55.51 and a 52-week high of $105.59.

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 company had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s dividend payout ratio is currently 33.71%.

About Citigroup

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.