Mayflower Financial Advisors LLC Increases Stock Holdings in Citigroup Inc. $C

Mayflower Financial Advisors LLC lifted its position in Citigroup Inc. (NYSE:C) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,170 shares of the company’s stock after purchasing an additional 258 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Citigroup were worth $866,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of C. Brighton Jones LLC lifted its position 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 buying an additional 12,499 shares during the last quarter. Mather Group LLC. lifted its position in Citigroup by 30.4% in the first quarter. Mather Group LLC. now owns 6,218 shares of the company’s stock valued at $441,000 after buying an additional 1,450 shares during the last quarter. ABLE Financial Group LLC acquired a new position in Citigroup in the first quarter valued at about $239,000. DAVENPORT & Co LLC lifted its position in Citigroup by 1.0% in the first quarter. DAVENPORT & Co LLC now owns 1,104,056 shares of the company’s stock valued at $78,196,000 after buying an additional 10,397 shares during the last quarter. Finally, Rossby Financial LCC acquired a new position in Citigroup in the first quarter valued at about $135,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 2.2%

Shares of C opened at $99.16 on Thursday. The stock has a market capitalization of $182.54 billion, a PE ratio of 13.93, a P/E/G ratio of 0.85 and a beta of 1.37. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. 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 company’s 50-day simple moving average is $98.35 and its 200-day simple moving average is $87.00.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s dividend payout ratio is presently 33.71%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Bank of America upped their target price on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $118.00 target price on shares of Citigroup in a research report on Tuesday, October 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.63.

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.