Sequoia Financial Advisors LLC Grows Position in Citigroup Inc. $C

Sequoia Financial Advisors LLC boosted its stake in Citigroup Inc. (NYSE:C) by 3.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 247,126 shares of the company’s stock after purchasing an additional 8,337 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Citigroup were worth $21,035,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of C. Secure Asset Management LLC grew its position in shares of Citigroup by 3.7% during the second quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock worth $280,000 after acquiring an additional 118 shares during the last quarter. Golden State Equity Partners grew its position in shares of Citigroup by 0.6% during the second quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock worth $1,842,000 after acquiring an additional 122 shares during the last quarter. Wedmont Private Capital grew its position in shares of Citigroup by 0.5% during the second quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock worth $2,034,000 after acquiring an additional 129 shares during the last quarter. RDA Financial Network grew its position in shares of Citigroup by 3.4% during the second quarter. RDA Financial Network now owns 3,940 shares of the company’s stock worth $335,000 after acquiring an additional 130 shares during the last quarter. Finally, Richardson Financial Services Inc. grew its position in shares of Citigroup by 6.1% during the second quarter. Richardson Financial Services Inc. now owns 2,270 shares of the company’s stock worth $196,000 after acquiring an additional 130 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Citigroup

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Bank of America upped their price target on shares of Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, June 26th. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Morgan Stanley increased their target price on shares of Citigroup from $107.00 to $129.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Finally, TD Cowen increased their target price on shares of Citigroup from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, July 16th. Eleven investment 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $99.68.

Citigroup Stock Performance

NYSE:C opened at $93.87 on Monday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The company has a 50-day moving average of $97.00 and a 200-day moving average of $83.87. The firm has a market cap of $172.81 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last posted its quarterly earnings data 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 net margin of 8.44% and a return on equity of 7.29%. The company had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same quarter last year, the firm posted $1.52 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

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.