Citigroup Inc. $C Shares Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. trimmed its stake in shares of Citigroup Inc. (NYSE:C) by 9.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,570 shares of the company’s stock after selling 3,127 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Citigroup were worth $2,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Accent Capital Management LLC lifted its stake in Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after buying an additional 212 shares during the last quarter. Truvestments Capital LLC increased its holdings in shares of Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares during the period. DHJJ Financial Advisors Ltd. lifted its position in Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after purchasing an additional 253 shares during the last quarter. HHM Wealth Advisors LLC lifted its position in Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after purchasing an additional 467 shares during the last quarter. Finally, WPG Advisers LLC acquired a new position in Citigroup during the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analysts Set New Price Targets

C has been the topic of several analyst reports. Cowen restated a “hold” rating and issued a $110.00 price target on shares of Citigroup in a research note on Wednesday, October 15th. Wall Street Zen upgraded Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Piper Sandler raised their target price on Citigroup from $107.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, October 8th. Finally, Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Stock Up 2.0%

Shares of C stock opened at $102.79 on Thursday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year 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’s fifty day moving average is $99.49 and its 200-day moving average is $89.55. The stock has a market cap of $183.92 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. During the same quarter last year, the business posted $1.51 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Monday, November 3rd. Citigroup’s payout ratio is presently 33.71%.

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.