M&G PLC Buys 6,010 Shares of Citigroup Inc. $C

M&G PLC increased its stake in shares of Citigroup Inc. (NYSE:C) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 488,480 shares of the company’s stock after acquiring an additional 6,010 shares during the quarter. M&G PLC’s holdings in Citigroup were worth $41,521,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Citigroup by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock worth $2,917,794,000 after acquiring an additional 2,539,769 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Citigroup by 1.0% in the first quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock valued at $1,450,153,000 after buying an additional 195,013 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Citigroup by 3.6% during the first quarter. Invesco Ltd. now owns 16,839,915 shares of the company’s stock valued at $1,195,466,000 after buying an additional 592,820 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Citigroup by 179.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock valued at $1,031,790,000 after acquiring an additional 9,334,038 shares in the last quarter. Finally, Amundi boosted its stake in Citigroup by 78.4% during the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock valued at $973,523,000 after purchasing an additional 6,026,268 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Down 0.7%

Shares of C opened at $100.73 on Wednesday. The firm has a market cap of $185.43 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The business has a 50-day moving average of $99.34 and a 200 day moving average of $89.46.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.35. The firm 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 company’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The company 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 (DPR) is presently 33.71%.

Analyst Ratings Changes

Several analysts have recently commented on C shares. Wells Fargo & Company increased their price objective on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Oppenheimer lowered their price target on Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Morgan Stanley lifted their price objective on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Cowen reaffirmed a “hold” rating and issued a $110.00 target price on shares of Citigroup in a report on Wednesday, October 15th. Finally, UBS Group restated a “neutral” rating and set a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.63.

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.