Daymark Wealth Partners LLC Buys 1,054 Shares of Citigroup Inc. $C

Daymark Wealth Partners LLC raised its position in shares of Citigroup Inc. (NYSE:C) by 9.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,832 shares of the company’s stock after acquiring an additional 1,054 shares during the period. Daymark Wealth Partners LLC’s holdings in Citigroup were worth $1,007,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in C. Goldman Sachs Group Inc. boosted its holdings in shares of 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 acquiring an additional 9,334,038 shares during the period. Nuveen LLC bought a new stake in shares of Citigroup during the first quarter worth approximately $578,100,000. Amundi boosted its holdings in shares of 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 acquiring an additional 6,026,268 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 acquiring an additional 2,539,769 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of 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 acquiring an additional 2,517,459 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of Citigroup stock opened at $100.11 on Friday. The company has a 50 day moving average of $98.50 and a 200-day moving average of $87.09. Citigroup Inc. has a 1-year low of $55.51 and a 1-year 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 market cap of $184.30 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last issued its quarterly 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 the consensus estimate of $20.92 billion. During the same period last year, the company posted $1.51 EPS. The business’s revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed 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 of this dividend is Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is 33.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Oppenheimer reduced their price objective on Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Truist Financial raised their target price on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company increased their price target on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average target price of $107.63.

Citigroup 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.