Blair William & Co. IL Increases Stock Holdings in Citigroup Inc. (NYSE:C)

Blair William & Co. IL grew its holdings in shares of Citigroup Inc. (NYSE:C) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 151,630 shares of the company’s stock after purchasing an additional 5,481 shares during the quarter. Blair William & Co. IL’s holdings in Citigroup were worth $9,622,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in C. Vanguard Personalized Indexing Management LLC raised its holdings in Citigroup by 15.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 176,340 shares of the company’s stock worth $11,053,000 after purchasing an additional 24,146 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its position in Citigroup by 9.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 97,896 shares of the company’s stock worth $6,212,000 after buying an additional 8,480 shares in the last quarter. Argent Trust Co raised its stake in shares of Citigroup by 2.5% in the second quarter. Argent Trust Co now owns 57,575 shares of the company’s stock worth $3,654,000 after buying an additional 1,394 shares during the period. Meiji Yasuda Life Insurance Co lifted its position in shares of Citigroup by 28.6% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 36,342 shares of the company’s stock valued at $2,306,000 after buying an additional 8,090 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of Citigroup by 20.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 231,117 shares of the company’s stock valued at $14,667,000 after buying an additional 39,725 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on C shares. Oppenheimer raised their target price on shares of Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. The Goldman Sachs Group decreased their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Piper Sandler lifted their target price on shares of Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Argus increased their price target on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, BMO Capital Markets raised their price target on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.25.

Citigroup Price Performance

C stock opened at $62.11 on Friday. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $67.81. The firm has a market capitalization of $118.47 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 0.62 and a beta of 1.45. The company has a fifty day simple moving average of $61.30 and a two-hundred day simple moving average of $61.46. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, July 12th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13. The company had revenue of $20.14 billion during the quarter, compared to analyst estimates of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $1.37 earnings per share. Analysts anticipate that Citigroup Inc. will post 5.81 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were given a $0.56 dividend. The ex-dividend date was Monday, August 5th. This is an increase from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized basis and a yield of 3.61%. Citigroup’s dividend payout ratio (DPR) is currently 62.75%.

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.