Teacher Retirement System of Texas Reduces Holdings in Citigroup Inc. $C

Teacher Retirement System of Texas reduced its holdings in shares of Citigroup Inc. (NYSE:C) by 25.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,999 shares of the company’s stock after selling 146,160 shares during the quarter. Teacher Retirement System of Texas’ holdings in Citigroup were worth $36,091,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its holdings in Citigroup by 6.6% during the 1st 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. Northern Trust Corp grew its holdings in shares of Citigroup by 1.0% during the first quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock worth $1,450,153,000 after buying an additional 195,013 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Citigroup by 3.6% during the first quarter. Invesco Ltd. now owns 16,839,915 shares of the company’s stock worth $1,195,466,000 after buying an additional 592,820 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Citigroup by 179.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after buying an additional 9,334,038 shares in the last quarter. Finally, Amundi grew its holdings in shares of Citigroup by 78.4% during the first quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after buying an additional 6,026,268 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on C shares. UBS Group reiterated a “neutral” rating and set a $89.00 price target on shares of Citigroup in a report on Tuesday, July 15th. Bank of America lifted their price target on shares of Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. TD Cowen lifted their price target on shares of Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Evercore ISI set a $77.00 price target on shares of Citigroup in a report on Monday, July 7th. Finally, Barclays raised their target price on shares of Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $107.63.

Citigroup Price Performance

C opened at $100.97 on Tuesday. The company’s 50 day simple moving average is $98.07 and its 200 day simple moving average is $86.45. 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 Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The stock has a market capitalization of $185.87 billion, a PE ratio of 14.18, a P/E/G ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) 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 analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.Citigroup’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be given 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 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.