Profund Advisors LLC Reduces Stock Holdings in Citigroup Inc. $C

Profund Advisors LLC reduced its position in Citigroup Inc. (NYSE:C) by 18.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,345 shares of the company’s stock after selling 5,046 shares during the quarter. Profund Advisors LLC’s holdings in Citigroup were worth $1,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in Citigroup by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock worth $2,917,794,000 after purchasing an additional 2,539,769 shares during the period. Northern Trust Corp lifted its stake in shares of Citigroup by 1.0% during the 1st quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock valued at $1,450,153,000 after buying an additional 195,013 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Citigroup by 3.6% during the 1st quarter. Invesco Ltd. now owns 16,839,915 shares of the company’s stock valued at $1,195,466,000 after buying an additional 592,820 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Citigroup by 179.5% in the 1st 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 period. Finally, Amundi grew its stake in Citigroup by 78.4% in the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock valued at $973,523,000 after buying an additional 6,026,268 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Citigroup stock opened at $101.44 on Tuesday. The stock has a market cap of $186.74 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 0.83 and a beta of 1.37. 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 business has a 50-day simple moving average of $99.22 and a 200 day simple moving average of $89.23. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.35. 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 analysts’ expectations of $20.92 billion. During the same quarter last year, the firm posted $1.51 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. On average, research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

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 given a dividend of $0.60 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.4%. Citigroup’s payout ratio is presently 33.71%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on C. Cowen restated a “hold” rating and set a $110.00 target price on shares of Citigroup in a research report on Wednesday, October 15th. Bank of America boosted their price objective on Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Morgan Stanley raised their target price on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $118.00 target price on shares of Citigroup in a report on Tuesday, October 14th. Finally, Truist Financial increased their price target on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $107.63.

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.