OVERSEA CHINESE BANKING Corp Ltd Has $50.25 Million Stake in Citigroup Inc. $C

OVERSEA CHINESE BANKING Corp Ltd decreased its stake in shares of Citigroup Inc. (NYSE:C) by 10.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 590,488 shares of the company’s stock after selling 66,257 shares during the period. Citigroup accounts for about 1.4% of OVERSEA CHINESE BANKING Corp Ltd’s holdings, making the stock its 15th largest position. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Citigroup were worth $50,253,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in C. MorganRosel Wealth Management LLC acquired a new position in shares of Citigroup during the 1st quarter valued at about $28,000. Accent Capital Management LLC increased 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 valued at $29,000 after acquiring an additional 212 shares during the last quarter. Truvestments Capital LLC increased 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 valued at $31,000 after acquiring an additional 246 shares during the last quarter. DHJJ Financial Advisors Ltd. boosted its stake in Citigroup by 157.1% during 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 during the period. Finally, HHM Wealth Advisors LLC boosted its stake in Citigroup by 805.2% during 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 during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

C has been the subject of several recent analyst reports. UBS Group restated a “neutral” rating and set a $89.00 target price on shares of Citigroup in a research note on Tuesday, July 15th. Cowen restated a “hold” rating and set a $110.00 target price on shares of Citigroup in a research note on Wednesday, October 15th. Morgan Stanley increased their target price on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Oppenheimer decreased their target price on Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $107.63.

Citigroup Trading Up 2.1%

Shares of C opened at $98.77 on Monday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year 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 stock has a 50 day simple moving average of $97.93 and a 200-day simple moving average of $86.20. The stock has a market cap of $181.82 billion, a PE ratio of 13.87, a PEG ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. During the same period in the previous year, the company posted $1.51 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is currently 33.71%.

Citigroup 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.