Access Investment Management LLC Makes New $10.10 Million Investment in Citigroup Inc. $C

Access Investment Management LLC bought a new position in Citigroup Inc. (NYSE:C) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 118,652 shares of the company’s stock, valued at approximately $10,100,000. Citigroup accounts for about 2.9% of Access Investment Management LLC’s holdings, making the stock its 10th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Onyx Bridge Wealth Group LLC grew its stake in shares of Citigroup by 3.6% in 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 in the last quarter. Secure Asset Management LLC lifted 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 acquiring an additional 118 shares during the last quarter. Golden State Equity Partners grew its holdings in shares of Citigroup by 0.6% in the second quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock worth $1,842,000 after purchasing an additional 122 shares during the last quarter. Wedmont Private Capital grew its stake in Citigroup by 0.5% in the 2nd quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock worth $2,034,000 after acquiring an additional 129 shares in the last quarter. Finally, RDA Financial Network increased its holdings in 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 purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the subject of several recent research reports. Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Keefe, Bruyette & Woods upped their target price on Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. TD Cowen lifted their price target on Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Finally, Morgan Stanley raised their price target on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.63.

Citigroup Stock Up 1.2%

C stock opened at $101.42 on Monday. The stock has a market capitalization of $186.69 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The firm has a 50 day moving average of $98.62 and a 200 day moving average of $87.69.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 14th. The company reported $1.86 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 company had revenue of $22.09 billion for 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. Sell-side analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.4%. 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.