Evelyn Partners Investment Management Europe Ltd Raises Holdings in Citigroup Inc. $C

Evelyn Partners Investment Management Europe Ltd lifted its position in Citigroup Inc. (NYSE:C) by 98.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,730 shares of the company’s stock after purchasing an additional 1,353 shares during the quarter. Evelyn Partners Investment Management Europe Ltd’s holdings in Citigroup were worth $232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Onyx Bridge Wealth Group LLC raised its holdings in shares of Citigroup by 3.6% during the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock worth $265,000 after acquiring an additional 109 shares in the last quarter. Fullcircle Wealth LLC raised its stake in Citigroup by 0.9% during the second quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock valued at $1,206,000 after purchasing an additional 111 shares in the last quarter. Secure Asset Management LLC raised its stake in Citigroup by 3.7% during the second quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after purchasing an additional 118 shares in the last quarter. Golden State Equity Partners lifted its position in Citigroup by 0.6% during the second quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock valued at $1,842,000 after purchasing an additional 122 shares during the last quarter. Finally, Altman Advisors Inc. grew its stake in shares of Citigroup by 0.4% in the 2nd quarter. Altman Advisors Inc. now owns 30,979 shares of the company’s stock worth $2,673,000 after buying an additional 127 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Keefe, Bruyette & Woods upped their price objective on Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Cowen reaffirmed a “hold” rating and issued a $110.00 price objective on shares of Citigroup in a research note on Wednesday, October 15th. Truist Financial boosted their target price on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $107.43.

Citigroup Trading Up 1.1%

C opened at $98.68 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s 50 day moving average price is $99.74 and its 200-day moving average price is $90.87. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59. The stock has a market cap of $176.56 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. During the same quarter in the previous year, the business earned $1.51 EPS. Citigroup’s revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be issued 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 is presently 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.