Focus Partners Advisor Solutions LLC Lowers Position in Citigroup Inc. $C

Focus Partners Advisor Solutions LLC cut its stake in shares of Citigroup Inc. (NYSE:C) by 9.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,096 shares of the company’s stock after selling 2,677 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Citigroup were worth $2,306,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of C. Goldman Sachs Group Inc. lifted its position in Citigroup by 179.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock valued at $1,031,790,000 after purchasing an additional 9,334,038 shares in the last quarter. Nuveen LLC purchased a new position in Citigroup during the first quarter valued at $578,100,000. Amundi lifted its position in Citigroup by 78.4% during the first 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Citigroup by 6.6% in the first 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 acquiring an additional 2,539,769 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG lifted its position in shares of Citigroup by 2,230.8% in the first 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 in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on C. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research report on Friday. Morgan Stanley boosted their price objective on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Truist Financial boosted their price objective on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Bank of America boosted their price objective on Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.63.

Citigroup Trading Up 2.1%

C opened at $98.77 on Monday. The stock has a market cap of $181.82 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 0.83 and a beta of 1.37. The stock’s 50 day moving average price is $97.93 and its 200-day moving average price is $86.20. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 14th. The company reported $1.86 EPS 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 business had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. During the same period in the prior year, the company posted $1.51 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company 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 $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 33.71%.

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.