960,460 Shares in Citigroup Inc. $C Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Citigroup Inc. (NYSE:C) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 960,460 shares of the company’s stock, valued at approximately $81,754,000.

A number of other institutional investors have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new stake in Citigroup in the 1st quarter worth approximately $28,000. Accent Capital Management LLC grew its position in shares of Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares in the last quarter. Truvestments Capital LLC boosted its stake in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares during the period. DHJJ Financial Advisors Ltd. grew its holdings 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 buying an additional 253 shares in the last quarter. Finally, HHM Wealth Advisors LLC raised its position in shares of 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 buying an additional 467 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on C. UBS Group reiterated a “neutral” rating and set a $89.00 price objective on shares of Citigroup in a research report on Tuesday, July 15th. Evercore ISI set a $77.00 price target on shares of Citigroup in a report on Monday, July 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $118.00 price target on shares of Citigroup in a research report on Tuesday. Cowen reissued a “hold” rating and set a $110.00 target price on shares of Citigroup in a research report on Wednesday. Finally, Piper Sandler raised their price objective on shares of Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $107.63.

Citigroup Price Performance

Shares of NYSE C opened at $97.10 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $178.75 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.82 and a beta of 1.37. The firm’s 50 day simple moving average is $97.59 and its 200-day simple moving average is $84.71. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) 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 analyst estimates of $20.92 billion. During the same quarter in the previous year, the firm posted $1.51 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s payout ratio is 33.71%.

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.