Donoghue Forlines LLC Cuts Stock Holdings in Citigroup Inc. $C

Donoghue Forlines LLC reduced its stake in shares of Citigroup Inc. (NYSE:C) by 65.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,798 shares of the company’s stock after selling 35,746 shares during the quarter. Donoghue Forlines LLC’s holdings in Citigroup were worth $1,600,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of C. Accent Capital Management LLC increased its stake in Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the period. DHJJ Financial Advisors Ltd. grew its holdings in shares of Citigroup by 157.1% in 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 during the last quarter. Truvestments Capital LLC grew its holdings in shares of Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of Citigroup in the second quarter worth $38,000. Finally, HHM Wealth Advisors LLC raised its holdings in Citigroup by 805.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after buying an additional 467 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on C. Morgan Stanley raised their price target on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Oppenheimer lowered their price target on Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Cowen reiterated a “hold” rating and issued a $110.00 price objective on shares of Citigroup in a report on Wednesday, October 15th. Finally, Barclays lifted their price objective on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $107.63.

Citigroup Stock Down 2.1%

C stock opened at $100.71 on Friday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The company has a market capitalization of $180.20 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The business’s 50 day moving average price is $99.57 and its two-hundred day moving average price is $89.63. 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 (NYSE:C) last released 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 company had revenue of $22.09 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be given a $0.60 dividend. The ex-dividend date of this dividend 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 is currently 33.71%.

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.