CSM Advisors LLC Makes New $36.87 Million Investment in Citigroup Inc. $C

CSM Advisors LLC bought a new position in Citigroup Inc. (NYSE:C) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 433,163 shares of the company’s stock, valued at approximately $36,872,000. Citigroup accounts for approximately 1.1% of CSM Advisors LLC’s investment portfolio, making the stock its 16th largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC raised its position in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares in the last quarter. Leavell Investment Management Inc. raised its holdings in Citigroup by 296.5% in the first quarter. Leavell Investment Management Inc. now owns 14,405 shares of the company’s stock worth $1,023,000 after purchasing an additional 10,772 shares in the last quarter. Cerity Partners LLC lifted its position in Citigroup by 4.7% during the first quarter. Cerity Partners LLC now owns 925,613 shares of the company’s stock valued at $65,709,000 after buying an additional 41,653 shares during the period. MJP Associates Inc. ADV bought a new stake in shares of Citigroup during the 1st quarter valued at $208,000. Finally, Harmony Asset Management LLC grew its position in shares of Citigroup by 39.3% in the 1st quarter. Harmony Asset Management LLC now owns 11,412 shares of the company’s stock worth $810,000 after buying an additional 3,220 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

C has been the subject of a number of recent research reports. Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $118.00 target price on shares of Citigroup in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods lifted their target price on shares of Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, October 17th. TD Cowen upped their price target on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Finally, Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Price Performance

Shares of C opened at $100.74 on Friday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The company has a market capitalization of $185.45 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The firm has a 50 day moving average of $99.12 and a 200 day moving average of $88.84. 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 (NYSE:C) last issued its earnings results on Tuesday, October 14th. The company reported $2.24 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 business had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. During the same period last year, the business posted $1.51 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research 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. Shareholders of record on Monday, November 3rd will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.4%. 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.