Resona Asset Management Co. Ltd. Boosts Stock Position in Citigroup Inc. $C

Resona Asset Management Co. Ltd. grew its stake in shares of Citigroup Inc. (NYSE:C) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 689,540 shares of the company’s stock after buying an additional 25,897 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Citigroup were worth $58,623,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in C. Accent Capital Management LLC raised its stake in Citigroup by 106.0% during the 1st 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 raised its stake in Citigroup by 131.6% during the 1st 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. raised its stake in Citigroup by 157.1% during the 2nd 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. HHM Wealth Advisors LLC raised its stake in Citigroup by 805.2% during the 1st 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. Finally, Cornerstone Planning Group LLC raised its stake in Citigroup by 68.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 577 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares during the period. Institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

C has been the topic of several recent analyst reports. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. UBS Group reissued a “neutral” rating and set a $89.00 target price on shares of Citigroup in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their target price on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Wall Street Zen raised Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Finally, TD Cowen lifted their price objective on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Stock Performance

NYSE C opened at $101.71 on Thursday. The company has a market cap of $187.24 billion, a P/E ratio of 14.29, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The business’s 50 day moving average price is $98.95 and its 200-day moving average price is $88.32. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59.

Citigroup (NYSE:C) last released 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). The company had revenue of $22.09 billion for 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 revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. Sell-side analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

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

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.