Brighton Jones LLC Has $2.65 Million Stock Holdings in Citigroup Inc. $C

Brighton Jones LLC lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 48.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,094 shares of the company’s stock after buying an additional 10,122 shares during the period. Brighton Jones LLC’s holdings in Citigroup were worth $2,647,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Onyx Bridge Wealth Group LLC boosted its stake in shares of Citigroup by 3.6% during the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock worth $265,000 after buying an additional 109 shares during the last quarter. Secure Asset Management LLC boosted its stake in shares of Citigroup by 3.7% during the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock worth $280,000 after buying an additional 118 shares during the last quarter. Golden State Equity Partners boosted its stake in shares of Citigroup by 0.6% during the 2nd quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock worth $1,842,000 after buying an additional 122 shares during the last quarter. Wedmont Private Capital boosted its stake in shares of Citigroup by 0.5% during the 2nd quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock worth $2,034,000 after buying an additional 129 shares during the last quarter. Finally, RDA Financial Network boosted its stake in shares of Citigroup by 3.4% during the 2nd quarter. RDA Financial Network now owns 3,940 shares of the company’s stock worth $335,000 after buying an additional 130 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on C shares. Wells Fargo & Company increased their price objective on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. The Goldman Sachs Group reiterated a “buy” rating and issued a $118.00 target price on shares of Citigroup in a research note on Tuesday, October 14th. Morgan Stanley raised their target price on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Cowen reiterated a “hold” rating and issued a $110.00 target price on shares of Citigroup in a research note on Wednesday, October 15th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $112.00 to $118.00 and gave the company 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.com, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Stock Up 2.1%

Citigroup stock opened at $98.77 on Monday. The stock has a market cap of $181.82 billion, a P/E ratio of 13.87, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The company’s 50-day moving average price is $97.93 and its two-hundred day moving average price is $86.20.

Citigroup (NYSE:C) last released its quarterly 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 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 firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s dividend 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.