Citigroup Inc. $C Stock Position Decreased by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC cut its stake in shares of Citigroup Inc. (NYSE:C) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,499 shares of the company’s stock after selling 503 shares during the quarter. Cohen Investment Advisors LLC’s holdings in Citigroup were worth $723,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of C. Goldman Sachs Group Inc. boosted its stake in shares of Citigroup by 179.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after acquiring an additional 9,334,038 shares in the last quarter. Nuveen LLC bought a new stake in shares of Citigroup during the 1st quarter worth $578,100,000. Amundi lifted its holdings in shares of Citigroup by 78.4% in the first quarter. Amundi now owns 13,713,517 shares of the company’s stock valued at $973,523,000 after purchasing an additional 6,026,268 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Citigroup by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after purchasing an additional 2,539,769 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Citigroup by 2,230.8% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock valued at $186,726,000 after purchasing an additional 2,517,459 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Price Performance

NYSE C opened at $96.67 on Thursday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The stock’s 50-day moving average is $96.92 and its two-hundred day moving average is $83.43. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $177.96 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37.

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

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.5%. 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 35.45%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on C. The Goldman Sachs Group increased their target price on Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Wells Fargo & Company increased their target price on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Finally, Wall Street Zen upgraded Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Eleven 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.68.

Insiders Place Their Bets

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

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.