Soltis Investment Advisors LLC Lowers Stock Position in Citigroup Inc. $C

Soltis Investment Advisors LLC cut its stake in shares of Citigroup Inc. (NYSE:C) by 0.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 113,719 shares of the company’s stock after selling 614 shares during the period. Citigroup accounts for approximately 0.8% of Soltis Investment Advisors LLC’s holdings, making the stock its 24th biggest holding. Soltis Investment Advisors LLC’s holdings in Citigroup were worth $9,680,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its position in Citigroup by 179.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after purchasing an additional 9,334,038 shares during the period. Nuveen LLC purchased a new stake in Citigroup during the 1st quarter worth $578,100,000. Amundi boosted its position in Citigroup by 78.4% during the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after purchasing an additional 6,026,268 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Citigroup by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock worth $2,917,794,000 after purchasing an additional 2,539,769 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG boosted its position in Citigroup by 2,230.8% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock worth $186,726,000 after purchasing an additional 2,517,459 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Price Performance

C opened at $101.71 on Thursday. The firm has a market cap of $187.24 billion, a price-to-earnings ratio of 14.29, 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’s 50-day moving average price is $98.95 and its 200 day moving average price is $88.32. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.03). Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. During the same quarter in the previous year, the business posted $1.51 EPS. Citigroup’s revenue for the quarter was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be issued 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 dividend payout ratio (DPR) is 33.71%.

Analyst Upgrades and Downgrades

C has been the subject of a number of research reports. Oppenheimer decreased their price target on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Truist Financial upped their price objective 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. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. The Goldman Sachs Group reissued a “buy” rating and issued a $118.00 price objective on shares of Citigroup in a research report on Tuesday, October 14th. Finally, Cowen reissued a “hold” rating and issued a $110.00 price objective on shares of Citigroup in a research report on Wednesday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.63.

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.