Citigroup Inc. $C Stake Reduced by Trivium Point Advisory LLC

Trivium Point Advisory LLC trimmed its holdings in Citigroup Inc. (NYSE:C) by 2.0% in the second quarter, Holdings Channel.com reports. The fund owned 14,367 shares of the company’s stock after selling 289 shares during the period. Trivium Point Advisory LLC’s holdings in Citigroup were worth $1,223,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in C. MorganRosel Wealth Management LLC acquired a new stake in Citigroup during the first quarter valued at approximately $28,000. American National Bank & Trust acquired a new stake in shares of Citigroup during the 1st quarter valued at $29,000. Accent Capital Management LLC lifted its position in shares of Citigroup by 106.0% during the 1st 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. Truvestments Capital LLC boosted its stake in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its holdings in shares of Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after acquiring an additional 467 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. UBS Group reiterated a “neutral” rating and issued a $89.00 price target on shares of Citigroup in a research report on Tuesday, July 15th. Wells Fargo & Company upped their price objective on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Oppenheimer dropped their target price on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. The Goldman Sachs Group boosted their price target on shares of Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.68.

Citigroup Stock Down 1.6%

Citigroup stock opened at $101.52 on Wednesday. The firm has a market cap of $186.89 billion, a PE ratio of 15.00, a P/E/G ratio of 0.88 and a beta of 1.41. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. The firm’s 50 day moving average price is $96.66 and its two-hundred day moving average price is $82.41. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The company had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same quarter last year, the business posted $1.52 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. This is an increase from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. Citigroup’s dividend payout ratio is presently 35.45%.

Insiders Place Their Bets

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the company’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, the director directly owned 2,140 shares of the company’s stock, valued at $193,456. This represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by insiders.

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.