Citigroup Inc. $C Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC cut its stake in shares of Citigroup Inc. (NYSE:C) by 11.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,541 shares of the company’s stock after selling 865 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Citigroup were worth $557,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of C. MorganRosel Wealth Management LLC acquired a new position in Citigroup during the 1st quarter worth approximately $28,000. Accent Capital Management LLC lifted its position in 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 in the last quarter. Truvestments Capital LLC raised its position in shares of Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. raised its position in shares of Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after purchasing an additional 253 shares in the last quarter. Finally, HHM Wealth Advisors LLC raised its position in shares of Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after purchasing an additional 467 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on C. Wells Fargo & Company upped their target price on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Bank of America upped their target price on Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Keefe, Bruyette & Woods upped their target price on Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Price Performance

Shares of NYSE C opened at $96.36 on Thursday. 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 1.62. The company has a market capitalization of $177.39 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 0.82 and a beta of 1.37. The business has a 50 day simple moving average of $97.81 and a 200-day simple moving average of $85.32.

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

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, November 3rd. Citigroup’s dividend payout ratio is presently 33.71%.

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.