Korea Investment CORP Reduces Position in Citigroup Inc. $C

Korea Investment CORP lowered its holdings in Citigroup Inc. (NYSE:C) by 3.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,339,383 shares of the company’s stock after selling 93,883 shares during the period. Korea Investment CORP’s holdings in Citigroup were worth $199,128,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Accent Capital Management LLC increased its stake in shares of Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after buying an additional 212 shares during the last quarter. Truvestments Capital LLC grew its holdings in Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. increased its position in shares of Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares during the last quarter. HHM Wealth Advisors LLC increased its position in shares of Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after purchasing an additional 467 shares during the last quarter. Finally, WPG Advisers LLC acquired a new stake in shares of Citigroup in the 1st quarter valued at about $38,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Up 1.4%

Shares of C stock opened at $102.59 on Thursday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The firm has a market capitalization of $183.56 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The stock has a fifty day moving average of $99.77 and a two-hundred day moving average of $91.65. 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 (NYSE:C) last issued its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. The company had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, research analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were given a dividend of $0.60 per share. 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 payout ratio is 33.71%.

Wall Street Analysts Forecast Growth

C has been the subject of a number of research reports. Morgan Stanley lifted their price target on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Bank of America increased their target price on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Piper Sandler lifted their target price on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus price target of $108.70.

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.