Copley Financial Group Inc. Takes $213,000 Position in Citigroup Inc. $C

Copley Financial Group Inc. purchased a new position in shares of Citigroup Inc. (NYSE:C) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 2,507 shares of the company’s stock, valued at approximately $213,000.

A number of other large investors have also added to or reduced their stakes in C. Accent Capital Management LLC grew its holdings in Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares during the last quarter. Truvestments Capital LLC lifted its holdings in shares of Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares during the period. DHJJ Financial Advisors Ltd. grew its stake in shares of Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares during the last quarter. HHM Wealth Advisors LLC increased its holdings in Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after purchasing an additional 467 shares during the period. Finally, WPG Advisers LLC acquired a new stake in Citigroup in the first quarter valued at $38,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C opened at $102.59 on Thursday. The firm has a market cap of $183.56 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59. The business’s 50 day moving average price is $99.77 and its two-hundred day moving average price 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 EPS for the quarter, topping the consensus estimate of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The company had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. During the same quarter last year, the firm posted $1.51 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.60 per share. The ex-dividend date was Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. Citigroup’s dividend payout ratio is currently 33.71%.

Analyst Upgrades and Downgrades

A number of research firms have commented on C. Truist Financial upped their price target on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Piper Sandler lifted their price objective on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. TD Cowen upped their target price on Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. UBS Group reissued a “neutral” rating and set a $108.00 target price on shares of Citigroup in a research report on Monday. Finally, Oppenheimer dropped their price target on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.70.

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.