Argonautica Private Wealth Management Inc. Trims Stock Position in Citigroup Inc. $C

Argonautica Private Wealth Management Inc. cut its holdings in shares of Citigroup Inc. (NYSE:C) by 13.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,249 shares of the company’s stock after selling 488 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Citigroup were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Jackson Thornton Wealth Management LLC purchased a new position in Citigroup during the second quarter worth about $241,000. Klingman & Associates LLC lifted its position in Citigroup by 401.8% during the second quarter. Klingman & Associates LLC now owns 18,276 shares of the company’s stock worth $1,556,000 after buying an additional 14,634 shares during the period. WESPAC Advisors SoCal LLC lifted its position in Citigroup by 59.5% during the second quarter. WESPAC Advisors SoCal LLC now owns 16,781 shares of the company’s stock worth $1,428,000 after buying an additional 6,260 shares during the period. Princeton Global Asset Management LLC lifted its position in Citigroup by 188.8% during the second quarter. Princeton Global Asset Management LLC now owns 540 shares of the company’s stock worth $46,000 after buying an additional 353 shares during the period. Finally, FLC Capital Advisors lifted its position in Citigroup by 75.4% during the second quarter. FLC Capital Advisors now owns 5,226 shares of the company’s stock worth $445,000 after buying an additional 2,247 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Price Performance

C stock opened at $98.29 on Wednesday. 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 Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The firm has a market cap of $180.94 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. The stock has a 50-day simple moving average of $97.78 and a 200-day simple moving average of $85.24.

Citigroup (NYSE:C) last posted its earnings results 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 net margin of 8.73% and a return on equity of 7.91%. The company had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. During the same quarter last year, the business posted $1.51 EPS. Citigroup’s quarterly revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be paid a $0.60 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is 33.71%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Bank of America increased their target price on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Oppenheimer dropped their price target on Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. The Goldman Sachs Group restated a “buy” rating and set a $118.00 price target on shares of Citigroup in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods upped their price target on Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Barclays upped their price target on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target 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.