JBGlobal.com LLC Sells 540 Shares of Citigroup Inc. $C

JBGlobal.com LLC trimmed its stake in Citigroup Inc. (NYSE:C) by 12.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,657 shares of the company’s stock after selling 540 shares during the period. Citigroup makes up approximately 0.3% of JBGlobal.com LLC’s portfolio, making the stock its 25th biggest holding. JBGlobal.com LLC’s holdings in Citigroup were worth $311,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in C. Goldman Sachs Group Inc. increased its holdings in Citigroup by 179.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after buying an additional 9,334,038 shares in the last quarter. Nuveen LLC bought a new position in shares of Citigroup during the 1st quarter valued at approximately $578,100,000. Amundi increased its position in shares of Citigroup by 78.4% during the 1st 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 during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Citigroup by 6.6% during the 1st 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 during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG grew its position in Citigroup by 2,230.8% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock valued at $186,726,000 after acquiring an additional 2,517,459 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insider Transactions at Citigroup

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

Citigroup Stock Performance

NYSE C opened at $99.51 on Friday. The stock has a market cap of $183.19 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 0.85 and a beta of 1.41. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $99.70. The business has a fifty day moving average of $93.63 and a 200-day moving average of $79.86.

Citigroup (NYSE:C) last posted its quarterly 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 return on equity of 7.29% and a net margin of 8.44%.The firm had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter in the previous year, the business earned $1.52 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts predict 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. Stockholders of record on Monday, August 4th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. This is a boost from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s dividend payout ratio is currently 35.45%.

Analyst Upgrades and Downgrades

C has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on Citigroup from $85.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Evercore ISI set a $77.00 price target on Citigroup in a research report on Monday, July 7th. Dbs Bank upgraded Citigroup from a “hold” rating to a “moderate buy” rating in a research report on Thursday, July 17th. Barclays lifted their target price on Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Finally, Bank of America boosted their target price on Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $96.96.

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.