Rosenberg Matthew Hamilton Increases Stock Holdings in Citigroup Inc. $C

Rosenberg Matthew Hamilton increased its holdings in Citigroup Inc. (NYSE:C) by 18.0% in the second quarter, Holdings Channel.com reports. The firm owned 4,750 shares of the company’s stock after purchasing an additional 725 shares during the period. Rosenberg Matthew Hamilton’s holdings in Citigroup were worth $404,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new stake in shares of Citigroup in the first quarter valued at $28,000. Accent Capital Management LLC grew its position in shares of Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares during the period. Truvestments Capital LLC grew its position in shares of Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares during the period. DHJJ Financial Advisors Ltd. grew its position in shares of Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after purchasing an additional 253 shares during the period. Finally, HHM Wealth Advisors LLC grew its position in shares of 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. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of NYSE C opened at $99.83 on Wednesday. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59. The business has a 50-day moving average of $97.25 and a 200-day moving average of $84.16. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $183.78 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 0.84 and a beta of 1.37.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.03). Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. During the same period in the previous year, the company earned $1.51 EPS. Citigroup’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 fiscal year.

Citigroup Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.4%. Citigroup’s payout ratio is 35.45%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on C shares. Truist Financial lifted their target price on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Oppenheimer reduced their target price on Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Dbs Bank cut Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Wells Fargo & Company lifted their target price on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Finally, Morgan Stanley lifted their target price on Citigroup from $107.00 to $129.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $101.25.

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.