Patient Capital Management LLC Sells 59,348 Shares of Citigroup Inc. $C

Patient Capital Management LLC cut its holdings in shares of Citigroup Inc. (NYSE:C) by 4.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,345,717 shares of the company’s stock after selling 59,348 shares during the quarter. Citigroup accounts for about 5.2% of Patient Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Patient Capital Management LLC owned about 0.07% of Citigroup worth $114,547,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Quadrature Capital Ltd raised its holdings in shares of Citigroup by 1,020.0% during the second quarter. Quadrature Capital Ltd now owns 187,446 shares of the company’s stock worth $15,950,000 after purchasing an additional 170,710 shares during the last quarter. Level Four Advisory Services LLC raised its stake in shares of Citigroup by 3.5% during the 2nd quarter. Level Four Advisory Services LLC now owns 172,208 shares of the company’s stock valued at $14,658,000 after buying an additional 5,866 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Citigroup by 342.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 643,642 shares of the company’s stock valued at $54,787,000 after buying an additional 498,330 shares during the period. Groupama Asset Managment boosted its stake in shares of Citigroup by 7.7% in the second quarter. Groupama Asset Managment now owns 448,874 shares of the company’s stock worth $37,876,000 after buying an additional 32,085 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in Citigroup by 1.1% during the second quarter. State Board of Administration of Florida Retirement System now owns 1,837,706 shares of the company’s stock worth $156,426,000 after acquiring an additional 19,660 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Cowen reissued a “hold” rating and set a $110.00 price target on shares of Citigroup in a report on Wednesday, October 15th. UBS Group restated a “neutral” rating and set a $108.00 price target on shares of Citigroup in a research report on Monday. Dbs Bank downgraded shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Oppenheimer lowered their target price on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $108.70.

Citigroup Price Performance

Shares of Citigroup stock opened at $102.59 on Friday. The stock has a market capitalization of $183.56 billion, a P/E ratio of 14.41, a PEG ratio of 0.83 and a beta of 1.37. The business has a 50 day simple moving average of $99.77 and a two-hundred day simple moving average of $91.73. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last issued its quarterly 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. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. During the same period in the previous year, the business earned $1.51 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were given 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 was Monday, November 3rd. Citigroup’s dividend payout ratio is 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.