Leuthold Group LLC Sells 889 Shares of Citigroup Inc. $C

Leuthold Group LLC lowered its holdings in shares of Citigroup Inc. (NYSE:C) by 1.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 80,148 shares of the company’s stock after selling 889 shares during the period. Leuthold Group LLC’s holdings in Citigroup were worth $6,822,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Onyx Bridge Wealth Group LLC increased its holdings in shares of Citigroup by 3.6% in the second quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock valued at $265,000 after purchasing an additional 109 shares during the last quarter. Fullcircle Wealth LLC boosted its holdings in shares of Citigroup by 0.9% during the 2nd quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock worth $1,206,000 after buying an additional 111 shares during the period. Secure Asset Management LLC grew its stake in Citigroup by 3.7% in the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after buying an additional 118 shares during the last quarter. Golden State Equity Partners raised its holdings in Citigroup by 0.6% in the 2nd quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock valued at $1,842,000 after acquiring an additional 122 shares during the period. Finally, Altman Advisors Inc. raised its holdings in Citigroup by 0.4% in the 2nd quarter. Altman Advisors Inc. now owns 30,979 shares of the company’s stock valued at $2,673,000 after acquiring an additional 127 shares during the period. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

C has been the subject of a number of research analyst reports. Bank of America boosted their price objective on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Keefe, Bruyette & Woods boosted their price objective on shares of Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Barclays lifted their price target on shares of Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, UBS Group reissued a “neutral” rating and set a $108.00 price target on shares of Citigroup in a research report on Monday, November 24th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.70.

Citigroup Price Performance

Citigroup stock opened at $103.84 on Friday. The stock has a 50-day moving average price of $99.79 and a two-hundred day moving average price of $92.04. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The company has a market capitalization of $185.79 billion, a PE ratio of 14.58, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating 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 firm 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 firm earned $1.51 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were given a $0.60 dividend. The ex-dividend date was Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.3%. 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.