Ingalls & Snyder LLC Acquires 22,266 Shares of Citigroup Inc. $C

Ingalls & Snyder LLC grew its holdings in Citigroup Inc. (NYSE:C) by 8.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 288,013 shares of the company’s stock after purchasing an additional 22,266 shares during the quarter. Citigroup makes up 0.9% of Ingalls & Snyder LLC’s investment portfolio, making the stock its 24th largest position. Ingalls & Snyder LLC’s holdings in Citigroup were worth $24,516,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. MorganRosel Wealth Management LLC bought a new stake in shares of Citigroup during the 1st quarter worth $28,000. Accent Capital Management LLC boosted its holdings in shares of Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after buying an additional 212 shares during the period. Truvestments Capital LLC boosted its holdings in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after buying an additional 246 shares during the period. DHJJ Financial Advisors Ltd. boosted its holdings in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after buying an additional 253 shares during the period. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of Citigroup by 805.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after buying an additional 467 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Up 2.1%

C opened at $98.77 on Friday. The firm’s 50-day simple moving average is $97.93 and its 200-day simple moving average is $86.05. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The firm has a market cap of $181.82 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last posted 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 7.91% and a net margin of 8.73%.The firm had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. During the same period in the previous year, the company posted $1.51 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be issued a $0.60 dividend. 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 dividend payout ratio is presently 33.71%.

Wall Street Analyst Weigh In

Several research firms recently commented on C. Truist Financial upped their target price on shares of Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. UBS Group reiterated a “neutral” rating and set a $89.00 target price on shares of Citigroup in a research note on Tuesday, July 15th. Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. TD Cowen upped 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. Finally, Barclays upped their target price on shares of Citigroup from $100.00 to $115.00 and gave the company an “overweight” 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $107.63.

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.