Kornitzer Capital Management Inc. KS Purchases 1,389 Shares of Citigroup Inc. $C

Kornitzer Capital Management Inc. KS increased its position in shares of Citigroup Inc. (NYSE:C) by 2.3% during the 2nd quarter, Holdings Channel reports. The firm owned 62,321 shares of the company’s stock after acquiring an additional 1,389 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Citigroup were worth $5,305,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new position in Citigroup during the first quarter valued at $28,000. Accent Capital Management LLC grew its stake in Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares in the last quarter. Truvestments Capital LLC grew its stake in Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after acquiring an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. grew its stake in Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after acquiring an additional 253 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its stake in Citigroup by 805.2% during the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after acquiring an additional 467 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Price Performance

C stock opened at $98.77 on Friday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. The company has a 50-day moving average price of $97.93 and a 200 day moving average price of $86.05. The stock has a market cap of $181.82 billion, a PE ratio of 13.87, a P/E/G ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 EPS 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 period in the prior year, the firm posted $1.51 earnings per share. Citigroup’s revenue for the quarter was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The company 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 dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. Citigroup’s payout ratio is currently 33.71%.

Analysts Set New Price Targets

C has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. TD Cowen raised their target price on shares of Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Cowen reissued a “hold” rating and issued a $110.00 price objective on shares of Citigroup in a research note on Wednesday, October 15th. Barclays lifted their price objective on shares of Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has an average 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.