Quotient Wealth Partners LLC Grows Holdings in Citigroup Inc. $C

Quotient Wealth Partners LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 30.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,670 shares of the company’s stock after purchasing an additional 1,811 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Citigroup were worth $653,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in shares of Citigroup by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock worth $2,917,794,000 after acquiring an additional 2,539,769 shares during the period. Northern Trust Corp grew its stake in Citigroup by 1.0% in the first quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock worth $1,450,153,000 after purchasing an additional 195,013 shares in the last quarter. Invesco Ltd. increased its holdings in Citigroup by 3.6% during the 1st quarter. Invesco Ltd. now owns 16,839,915 shares of the company’s stock worth $1,195,466,000 after purchasing an additional 592,820 shares during the period. Goldman Sachs Group Inc. raised its position in Citigroup by 179.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock valued at $1,031,790,000 after purchasing an additional 9,334,038 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Citigroup by 78.4% in the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after buying an additional 6,026,268 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 0.9%

NYSE:C opened at $97.10 on Friday. The stock has a market capitalization of $178.75 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.82 and a beta of 1.37. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The firm has a 50 day moving average of $97.59 and a 200 day moving average of $84.71.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. During the same period in the previous year, the company posted $1.51 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is currently 33.71%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Bank of America raised their price target on Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday. Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Evercore ISI set a $77.00 price objective on shares of Citigroup in a research note on Monday, July 7th. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, TD Cowen increased their target price on Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $107.63.

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.