Machina Capital S.A.S. Invests $2.55 Million in Citigroup Inc. $C

Machina Capital S.A.S. acquired a new position in shares of Citigroup Inc. (NYSE:C) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,898 shares of the company’s stock, valued at approximately $2,545,000.

A number of other hedge funds also recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in Citigroup by 179.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after purchasing an additional 9,334,038 shares during the period. Nuveen LLC acquired a new stake in Citigroup during the first quarter worth approximately $578,100,000. Amundi grew its stake in Citigroup by 78.4% during the first quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after purchasing an additional 6,026,268 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Citigroup by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock worth $2,917,794,000 after purchasing an additional 2,539,769 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG grew its stake in Citigroup by 2,230.8% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock worth $186,726,000 after purchasing an additional 2,517,459 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

Shares of C opened at $101.42 on Monday. The firm has a market cap of $186.69 billion, a PE ratio of 14.24, a PEG ratio of 0.83 and a beta of 1.37. The stock’s fifty day moving average price is $98.62 and its two-hundred day moving average price is $87.69. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59.

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

Citigroup Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Piper Sandler raised their target price on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Wall Street Zen raised Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. The Goldman Sachs Group reissued a “buy” rating and issued a $118.00 price objective on shares of Citigroup in a research note on Tuesday, October 14th. Cowen reissued a “hold” rating and issued a $110.00 price objective on shares of Citigroup in a research note on Wednesday, October 15th. Finally, Morgan Stanley raised their target price on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.63.

About Citigroup

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.