Traub Capital Management LLC Takes $1.02 Million Position in Citigroup Inc. $C

Traub Capital Management LLC purchased a new position in Citigroup Inc. (NYSE:C) during the second quarter, HoldingsChannel reports. The firm purchased 11,970 shares of the company’s stock, valued at approximately $1,019,000. Citigroup accounts for approximately 0.9% of Traub Capital Management LLC’s portfolio, making the stock its 26th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in shares of Citigroup by 179.5% in 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. Nuveen LLC bought a new stake in shares of Citigroup during the first quarter valued at approximately $578,100,000. Amundi raised its holdings in Citigroup by 78.4% in the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after acquiring an additional 6,026,268 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Citigroup by 6.6% in 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. Finally, B. Metzler seel. Sohn & Co. AG lifted its position in Citigroup by 2,230.8% in the 1st 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 institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on C shares. Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Barclays increased their price objective on Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, October 8th. Piper Sandler raised their price target on shares of Citigroup from $107.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Finally, Oppenheimer decreased their price objective on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Trading Up 0.2%

Citigroup stock opened at $98.39 on Wednesday. The business has a 50-day simple moving average of $99.73 and a two-hundred day simple moving average of $90.56. The company has a market cap of $176.04 billion, a P/E ratio of 13.82, a P/E/G ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating the consensus estimate of $1.89 by $0.35. 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 analyst estimates of $20.92 billion. During the same quarter in the prior year, the firm earned $1.51 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

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 $0.60 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is presently 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.