ProShare Advisors LLC Sells 27,471 Shares of Citigroup Inc. $C

ProShare Advisors LLC trimmed its position in shares of Citigroup Inc. (NYSE:C) by 6.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 423,892 shares of the company’s stock after selling 27,471 shares during the quarter. ProShare Advisors LLC’s holdings in Citigroup were worth $36,082,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in C. Onyx Bridge Wealth Group LLC grew its holdings in Citigroup by 3.6% during the 2nd 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 lifted its stake in Citigroup by 0.9% in the second quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock worth $1,206,000 after purchasing an additional 111 shares during the last quarter. Secure Asset Management LLC boosted its position in shares of Citigroup by 3.7% during the second 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 period. Golden State Equity Partners boosted its position in shares of Citigroup by 0.6% during the second quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock valued at $1,842,000 after buying an additional 122 shares during the period. Finally, Wedmont Private Capital grew its stake in shares of Citigroup by 0.5% during the second quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock valued at $2,034,000 after buying an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Wells Fargo & Company increased their target price on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Truist Financial lifted their target price on Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. The Goldman Sachs Group reissued a “buy” rating and set a $118.00 target price on shares of Citigroup in a research note on Tuesday, October 14th. Finally, TD Cowen raised their price target on shares of Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Eleven equities research 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 an average rating of “Moderate Buy” and a consensus target price of $107.63.

Citigroup Price Performance

Shares of C stock opened at $101.44 on Tuesday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. The stock has a fifty day simple moving average of $99.22 and a two-hundred day simple moving average of $89.23. The stock has a market capitalization of $186.74 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 0.83 and a beta of 1.37.

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

Citigroup Dividend Announcement

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

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.