Citigroup Inc. $C Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in Citigroup Inc. (NYSE:C) by 0.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 13,561,169 shares of the company’s stock after selling 45,294 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Citigroup were worth $1,154,327,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Accent Capital Management LLC raised its holdings in shares of Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the last quarter. DHJJ Financial Advisors Ltd. increased its position in shares of Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares in the last quarter. Truvestments Capital LLC raised its stake in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in Citigroup in the 2nd quarter valued at $38,000. Finally, MTM Investment Management LLC acquired a new stake in Citigroup during the 2nd quarter worth $43,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Stock Up 1.1%

Shares of NYSE C opened at $98.68 on Friday. The company has a market capitalization of $176.56 billion, a P/E ratio of 13.86, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The company has a 50 day simple moving average of $99.74 and a 200-day simple moving average of $91.02. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.35. The company had revenue of $22.09 billion during 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 firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

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

Wall Street Analysts Forecast Growth

C has been the subject of a number of recent research reports. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Dbs Bank downgraded shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Piper Sandler raised their target price on shares of Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Barclays upped their price target on Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Oppenheimer reduced their price objective on Citigroup from $123.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $107.43.

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.