Citigroup Inc. $C Holdings Decreased by OLD National Bancorp IN

OLD National Bancorp IN reduced its stake in shares of Citigroup Inc. (NYSE:C) by 2.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 353,179 shares of the company’s stock after selling 9,641 shares during the quarter. Citigroup comprises about 0.5% of OLD National Bancorp IN’s investment portfolio, making the stock its 26th largest holding. OLD National Bancorp IN’s holdings in Citigroup were worth $30,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Secure Asset Management LLC raised its stake in shares of Citigroup by 3.7% during the second quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after purchasing an additional 118 shares in the last quarter. Golden State Equity Partners raised its position in 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 acquiring an additional 122 shares in the last quarter. Wedmont Private Capital raised its position in Citigroup by 0.5% in the second 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. RDA Financial Network raised its position in Citigroup by 3.4% in the second quarter. RDA Financial Network now owns 3,940 shares of the company’s stock worth $335,000 after acquiring an additional 130 shares in the last quarter. Finally, DMKC Advisory Services LLC raised its position in Citigroup by 0.7% in the second quarter. DMKC Advisory Services LLC now owns 19,838 shares of the company’s stock worth $1,847,000 after acquiring an additional 131 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

C has been the topic of several research reports. Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Piper Sandler boosted their price target on shares of Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. UBS Group reiterated a “neutral” rating and issued a $89.00 price target on shares of Citigroup in a research report on Tuesday, July 15th. Finally, Oppenheimer cut their price objective on Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.68.

Insider Buying and Selling at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the sale, the director owned 2,140 shares of the company’s stock, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by corporate insiders.

Citigroup Price Performance

Shares of C opened at $97.58 on Friday. The company has a market capitalization of $179.64 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 0.84 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 1.61, a current ratio of 0.99 and a quick ratio of 0.99. The business’s 50-day moving average is $96.79 and its 200-day moving average is $82.97.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. The company had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were issued a $0.60 dividend. The ex-dividend date was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio is currently 35.45%.

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.