Genus Capital Management Inc. Has $3.99 Million Holdings in Citigroup Inc. $C

Genus Capital Management Inc. lowered its stake in Citigroup Inc. (NYSE:C) by 46.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,852 shares of the company’s stock after selling 40,504 shares during the quarter. Genus Capital Management Inc.’s holdings in Citigroup were worth $3,988,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its position in shares of Citigroup by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after acquiring an additional 2,539,769 shares during the last quarter. Northern Trust Corp increased its holdings in Citigroup by 1.0% during the first quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock worth $1,450,153,000 after buying an additional 195,013 shares during the last quarter. Invesco Ltd. increased its holdings in Citigroup by 3.6% during the first quarter. Invesco Ltd. now owns 16,839,915 shares of the company’s stock worth $1,195,466,000 after buying an additional 592,820 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Citigroup by 179.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after buying an additional 9,334,038 shares during the last quarter. Finally, Amundi increased its holdings in Citigroup by 78.4% during the first quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after buying an additional 6,026,268 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on C shares. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. UBS Group restated a “neutral” rating and set a $89.00 target price on shares of Citigroup in a report on Tuesday, July 15th. Morgan Stanley boosted their target price on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. TD Cowen boosted their target price on shares of Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $118.00 target price on shares of Citigroup in a report on Tuesday, October 14th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $107.63.

Citigroup Trading Down 0.6%

Shares of NYSE:C opened at $100.98 on Wednesday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59. The stock has a market cap of $185.90 billion, a PE ratio of 14.18, a P/E/G ratio of 0.83 and a beta of 1.37. The business has a 50 day moving average of $98.86 and a 200-day moving average of $88.23. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62.

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

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s 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.