EPG Wealth Management LLC Reduces Position in Citigroup Inc. $C

EPG Wealth Management LLC lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 21.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,605 shares of the company’s stock after selling 981 shares during the quarter. EPG Wealth Management LLC’s holdings in Citigroup were worth $307,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Accent Capital Management LLC boosted its position in shares of Citigroup by 106.0% during 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 period. Truvestments Capital LLC boosted its position in shares of Citigroup by 131.6% during the first 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. DHJJ Financial Advisors Ltd. boosted its position in shares of Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after buying an additional 253 shares during the period. HHM Wealth Advisors LLC boosted 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 valued at $37,000 after buying an additional 467 shares during the period. Finally, Cornerstone Planning Group LLC boosted its position in shares of Citigroup by 68.2% during the first quarter. Cornerstone Planning Group LLC now owns 577 shares of the company’s stock valued at $38,000 after buying an additional 234 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 0.2%

Citigroup stock opened at $101.46 on Tuesday. The business has a fifty day moving average of $98.75 and a two-hundred day moving average of $87.96. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The firm has a market cap of $186.77 billion, a P/E ratio of 14.25, a P/E/G ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). The company had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

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

Analyst Ratings Changes

C has been the subject of several recent analyst reports. UBS Group restated a “neutral” rating and set a $89.00 target price on shares of Citigroup in a research report on Tuesday, July 15th. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Bank of America boosted their price target on Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. TD Cowen boosted their price target on Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Finally, Morgan Stanley boosted their price target on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $107.63.

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.