Thoroughbred Financial Services LLC Has $1.27 Million Stake in Citigroup Inc. $C

Thoroughbred Financial Services LLC reduced its stake in shares of Citigroup Inc. (NYSE:C) by 35.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,896 shares of the company’s stock after selling 8,039 shares during the period. Thoroughbred Financial Services LLC’s holdings in Citigroup were worth $1,267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Accent Capital Management LLC boosted its holdings 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 acquiring an additional 212 shares during the last quarter. DHJJ Financial Advisors Ltd. lifted its position in shares of Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares during the period. Truvestments Capital LLC lifted its position 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 purchasing an additional 246 shares during the period. Legacy Investment Solutions LLC bought a new stake in shares of Citigroup in the 2nd quarter valued at $38,000. Finally, HHM Wealth Advisors LLC increased its position in shares of Citigroup by 805.2% during the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after buying an additional 467 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on C shares. Cowen reissued a “hold” rating and issued a $110.00 price objective on shares of Citigroup in a research report on Wednesday, October 15th. The Goldman Sachs Group reissued a “buy” rating and issued a $118.00 price target on shares of Citigroup in a research note on Tuesday, October 14th. Oppenheimer cut their target price on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Wells Fargo & Company raised their price target on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Finally, Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Stock Performance

Shares of C stock opened at $100.24 on Friday. The company has a market capitalization of $179.35 billion, a P/E ratio of 14.08, a PEG 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 has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50 day moving average price of $99.66 and a two-hundred day moving average price of $90.00.

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

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s dividend payout ratio is currently 33.71%.

About Citigroup

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.