Rathbones Group PLC Lowers Holdings in Citigroup Inc. $C

Rathbones Group PLC reduced its stake in shares of Citigroup Inc. (NYSE:C) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 225,350 shares of the company’s stock after selling 9,800 shares during the quarter. Rathbones Group PLC’s holdings in Citigroup were worth $19,182,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Private Advisory Group LLC lifted its stake in Citigroup by 20.8% in the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock valued at $4,940,000 after buying an additional 11,978 shares in the last quarter. Brighton Jones LLC increased its stake in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after buying an additional 12,499 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Citigroup by 109.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company’s stock valued at $88,458,000 after acquiring an additional 649,807 shares during the last quarter. Hayek Kallen Investment Management lifted its position in shares of Citigroup by 125.0% in the first quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock valued at $1,103,000 after acquiring an additional 8,630 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Citigroup by 3.9% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 257,930 shares of the company’s stock worth $21,955,000 after acquiring an additional 9,644 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Citigroup stock opened at $100.74 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. The company has a 50-day moving average price of $99.12 and a 200 day moving average price of $89.00. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59. The stock has a market cap of $185.45 billion, a P/E ratio of 14.15, a PEG ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.35. The business had revenue of $22.09 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is 33.71%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Truist Financial increased their price objective on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Piper Sandler increased their target price on shares of Citigroup from $107.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. UBS Group restated a “neutral” rating and set a $89.00 price target on shares of Citigroup in a research report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $107.63.

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.