From MarketBeat:

Citigroup reported its earnings results, showing a loss of $1.16 per share with $17.44 billion in revenue, reported by MarketWatch Earnings. The company also updated its FY 2024 guidance to EPS. Citi’s shareholders benefit from a 4.03% dividend paid on February 23, 2024, and a dividend payout ratio of 33.60%. Shareholders are advised to keep track of the stock, as analysts offer various opinions on Citigroup shares, with an average price target of $54.09.

Citigroup shares traded up 1.1%, reaching $52.64 with a market cap of $100.75 billion and 32,274,219 shares of trading volume. With 12-month trading values between $38.17 and $54.75, Citi has shown a 12-month moving average price of $48.01, a P/E ratio of 8.27, and a beta of 1.57. Citigroup has a quick and current ratio of 0.94 and a debt-to-equity ratio of 1.45.

Citi announced a quarterly dividend of $0.53, to be paid on February 23rd, making an annualized dividend of $2.12 and a dividend yield of 4.03%. The dividend payout ratio is currently 33.60%, as per reports by MarketWatch.

In a related transaction, insider Andrew John Morton sold 28,096 shares of the stock with a total transaction value exceeding $1 million. Ultimately, approximately 0.09% of the stock is owned by corporate insiders. Institutional investors and hedge funds own about 69.26% of Citigroup stock, with notable increases in their stakes in Citi.

Citigroup Inc, the diversified financial services holding company, operates through three segments, namely Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises.

Citigroup’s shareholders and those considering investment options are encouraged to keep an eye on the stock market, as Citi has a “Hold” rating among analysts, and the company has been overlooked in the list of five stocks.



Read more: Citigroup (NYSE:C) Posts Quarterly Earnings Results, Misses Estimates By $1.27 EPS