Citigroup Inc. $C Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its position in Citigroup Inc. (NYSE:C) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,868,840 shares of the company’s stock after selling 971,075 shares during the period. Invesco Ltd.’s holdings in Citigroup were worth $1,350,756,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in C. DHJJ Financial Advisors Ltd. boosted its holdings 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 in the last quarter. Truvestments Capital LLC lifted 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 valued at $31,000 after buying an additional 246 shares during the period. Legacy Investment Solutions LLC purchased a new stake in shares of Citigroup in the second quarter valued at approximately $38,000. MTM Investment Management LLC acquired a new position in Citigroup during the second quarter worth $43,000. Finally, WPG Advisers LLC purchased a new position in Citigroup in the first quarter worth $38,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

C has been the topic of several research analyst reports. Piper Sandler boosted their target price on shares of Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Bank of America boosted their price objective on shares of Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Truist Financial upped their target price on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Dbs Bank downgraded shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Barclays boosted their price target on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $108.70.

Citigroup Price Performance

C stock opened at $103.18 on Wednesday. The stock’s 50 day moving average price is $99.78 and its 200 day moving average price is $92.54. The firm has a market cap of $184.61 billion, a P/E ratio of 14.49, a PEG ratio of 0.51 and a beta of 1.21. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share 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 company had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. During the same quarter last year, the business posted $1.51 earnings per share. Citigroup’s revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

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

Citigroup 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.