Citigroup Inc. $C Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lessened its position in Citigroup Inc. (NYSE:C) by 14.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,321,072 shares of the company’s stock after selling 226,359 shares during the period. Ensign Peak Advisors Inc owned about 0.07% of Citigroup worth $112,450,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after buying an additional 12,499 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in shares of Citigroup by 112.0% during the 1st quarter. J.W. Cole Advisors Inc. now owns 26,695 shares of the company’s stock worth $1,895,000 after acquiring an additional 14,101 shares during the period. Crestwood Advisors Group LLC boosted its holdings in shares of Citigroup by 14.2% in the 1st quarter. Crestwood Advisors Group LLC now owns 10,818 shares of the company’s stock valued at $768,000 after purchasing an additional 1,345 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Citigroup by 10.3% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 270,980 shares of the company’s stock valued at $19,237,000 after purchasing an additional 25,204 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its holdings in shares of Citigroup by 9.6% during the 1st quarter. Proficio Capital Partners LLC now owns 4,263 shares of the company’s stock worth $303,000 after buying an additional 372 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C opened at $99.82 on Thursday. The firm has a market cap of $178.61 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 0.83 and a beta of 1.37. The stock has a 50 day moving average of $99.78 and a 200-day moving average of $90.63. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59.

Citigroup (NYSE:C) last posted 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 business 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 business posted $1.51 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts forecast that Citigroup Inc. will post 7.53 EPS 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 given a dividend of $0.60 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. Citigroup’s payout ratio is currently 33.71%.

Analyst Upgrades and Downgrades

C has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. TD Cowen boosted their price target on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Wells Fargo & Company boosted their target price on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Finally, Bank of America raised their target price on Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $107.43.

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.