Citigroup Inc. $C Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in shares of Citigroup Inc. (NYSE:C) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,624,914 shares of the company’s stock after selling 704,725 shares during the quarter. Legal & General Group Plc’s holdings in Citigroup were worth $1,159,753,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in C. Brighton Jones LLC grew its position in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after buying an additional 12,499 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Citigroup by 7.9% in the first quarter. Venturi Wealth Management LLC now owns 12,748 shares of the company’s stock valued at $905,000 after purchasing an additional 928 shares during the period. Madison Asset Management LLC acquired a new stake in shares of Citigroup in the 1st quarter valued at approximately $248,000. Burney Co. grew its holdings in Citigroup by 0.7% during the first quarter. Burney Co. now owns 67,835 shares of the company’s stock worth $4,816,000 after acquiring an additional 461 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its position in Citigroup by 6.3% in the first quarter. Diamond Hill Capital Management Inc. now owns 1,192,784 shares of the company’s stock worth $84,676,000 after acquiring an additional 70,783 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on C. Cowen reiterated a “hold” rating and issued a $110.00 price target on shares of Citigroup in a report on Wednesday, October 15th. Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. The Goldman Sachs Group restated a “buy” rating and issued a $118.00 price target on shares of Citigroup in a report on Tuesday, October 14th. Finally, Morgan Stanley lifted their price objective on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $107.43.

Citigroup Stock Down 2.1%

C opened at $97.72 on Friday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The business has a 50-day moving average of $99.76 and a two-hundred day moving average of $90.67. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $174.85 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. During the same period last year, the company earned $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. On average, research 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 paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. Citigroup’s payout ratio is currently 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.