2,512 Shares in Citigroup Inc. $C Purchased by Meridian Wealth Advisors LLC

Meridian Wealth Advisors LLC acquired a new stake in Citigroup Inc. (NYSE:C) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,512 shares of the company’s stock, valued at approximately $214,000.

Other hedge funds have also recently modified their holdings of the company. Accent Capital Management LLC grew its holdings in shares of Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares in the last quarter. DHJJ Financial Advisors Ltd. lifted its holdings in Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after acquiring an additional 253 shares during the period. Truvestments Capital LLC boosted its position in Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in Citigroup in the 2nd quarter valued at $38,000. Finally, MTM Investment Management LLC bought a new position in Citigroup in the 2nd quarter valued at $43,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE C opened at $98.68 on Friday. The firm has a market cap of $176.56 billion, a P/E ratio of 13.86, a price-to-earnings-growth 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. The company’s 50 day moving average is $99.74 and its 200-day moving average is $90.87. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. During the same period in the previous year, the business earned $1.51 EPS. Citigroup’s revenue was up 9.3% compared to the same quarter last year. 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 Dividend Announcement

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 given a $0.60 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. Citigroup’s payout ratio is 33.71%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on C. TD Cowen lifted their target price on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Oppenheimer lowered their price objective on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday. Truist Financial increased their target price on shares of Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Cowen restated a “hold” rating and set a $110.00 price target on shares of Citigroup in a research note on Wednesday, October 15th. Finally, Bank of America upped their price objective on Citigroup from $115.00 to $120.00 and gave the company a “buy” 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 data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average target price of $107.43.

About Citigroup

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.