Evelyn Partners Investment Management Europe Ltd Grows Stake in Citigroup Inc. $C

by · The Cerbat Gem

Evelyn Partners Investment Management Europe Ltd raised its position in shares of Citigroup Inc. (NYSE:C – Free Report) by 98.3% in the second quarter, HoldingsChannel reports. The firm owned 2,730 shares of the company’s stock after acquiring an additional 1,353 shares during the period. Evelyn Partners Investment Management Europe Ltd’s holdings in Citigroup were worth $232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Citigroup by 0.7% during the second quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock valued at $14,117,313,000 after buying an additional 1,148,451 shares during the period. Geode Capital Management LLC grew its holdings in Citigroup by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock worth $3,645,084,000 after acquiring an additional 411,894 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Citigroup by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after purchasing an additional 2,539,769 shares during the period. Franklin Resources Inc. raised its holdings in shares of Citigroup by 2.2% in the 2nd quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock valued at $2,748,571,000 after purchasing an additional 679,967 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Citigroup by 1.0% in the 1st quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock worth $1,450,153,000 after purchasing an additional 195,013 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 1.1%

Citigroup stock opened at $98.68 on Friday. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59. The business has a fifty day moving average price of $99.74 and a 200-day moving average price of $90.87. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $176.56 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C – Get Free Report) last released its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 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 period last year, the business posted $1.51 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

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 paid a $0.60 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is 33.71%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Keefe, Bruyette & Woods increased their target price on Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $118.00 price target on shares of Citigroup in a research report on Tuesday, October 14th. Piper Sandler raised their price objective on Citigroup from $107.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average target price of $107.43.

Read Our Latest Stock Report on C

Citigroup Company Profile

(Free Report)

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.

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