Citigroup Inc. $C Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC reduced its position in Citigroup Inc. (NYSE:C) by 60.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 82,171 shares of the company’s stock after selling 124,943 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Citigroup were worth $6,994,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Citigroup by 0.7% during the second quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock worth $14,117,313,000 after purchasing an additional 1,148,451 shares during the last quarter. Geode Capital Management LLC lifted its position in Citigroup by 1.0% during the second quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock worth $3,645,084,000 after buying an additional 411,894 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Citigroup by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock worth $2,917,794,000 after buying an additional 2,539,769 shares during the last quarter. Franklin Resources Inc. grew its holdings in Citigroup by 2.2% in the 2nd quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock valued at $2,748,571,000 after buying an additional 679,967 shares during the period. Finally, Northern Trust Corp grew its holdings in Citigroup by 1.0% in 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 during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

C opened at $102.59 on Thursday. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59. The company has a 50 day moving average of $99.77 and a two-hundred day moving average of $91.65. The company has a market cap of $183.56 billion, a P/E ratio of 14.41, a P/E/G 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.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. The business had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.3%. Citigroup’s dividend payout ratio (DPR) is 33.71%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on C. Morgan Stanley increased their price objective on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. 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 research note on Wednesday, September 24th. The Goldman Sachs Group reiterated a “buy” rating and issued a $118.00 price target on shares of Citigroup in a report on Tuesday, October 14th. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Barclays increased their target price on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $108.70.

Citigroup 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.