Atria Wealth Solutions Inc. Sells 86,080 Shares of Citigroup Inc. $C

Atria Wealth Solutions Inc. decreased its holdings in shares of Citigroup Inc. (NYSE:C) by 69.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,562 shares of the company’s stock after selling 86,080 shares during the period. Atria Wealth Solutions Inc.’s holdings in Citigroup were worth $3,346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new position in Citigroup during the 1st quarter valued at approximately $28,000. Accent Capital Management LLC grew its holdings in shares of Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares during the period. DHJJ Financial Advisors Ltd. grew its holdings in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after acquiring an additional 253 shares during the period. Truvestments Capital LLC grew its holdings in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares during the period. Finally, HHM Wealth Advisors LLC grew its holdings in shares of Citigroup by 805.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after acquiring an additional 467 shares during the period. Institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

C has been the topic of a number of research analyst reports. Truist Financial upped their target price on Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Oppenheimer reduced their target price on Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Evercore ISI set a $77.00 target price on Citigroup in a report on Monday, July 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $118.00 target price on shares of Citigroup in a report on Tuesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $101.25.

Citigroup Stock Performance

Citigroup stock opened at $99.83 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $183.78 billion, a P/E ratio of 14.75, a PEG ratio of 0.84 and a beta of 1.37. The stock’s 50 day moving average is $97.25 and its 200 day moving average is $84.16. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.03). 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 7.29% and a net margin of 8.44%.The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors 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 annualized dividend and a yield of 2.4%. Citigroup’s dividend payout ratio is 35.45%.

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.