Eastern Bank Trims Position in Citigroup Inc. $C

Eastern Bank lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 12.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,390 shares of the company’s stock after selling 195 shares during the quarter. Eastern Bank’s holdings in Citigroup were worth $118,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Private Advisory Group LLC lifted its stake in shares of Citigroup by 20.8% during the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock worth $4,940,000 after purchasing an additional 11,978 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Citigroup by 109.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company’s stock worth $88,458,000 after buying an additional 649,807 shares during the period. Brighton Jones LLC raised its position in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after buying an additional 12,499 shares during the period. Onyx Bridge Wealth Group LLC purchased a new position in shares of Citigroup in the 1st quarter worth $214,000. Finally, Hayek Kallen Investment Management raised its position in shares of Citigroup by 125.0% in the 1st quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock worth $1,103,000 after buying an additional 8,630 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 2.1%

Shares of NYSE C opened at $93.87 on Monday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59. The company has a market cap of $172.81 billion, a P/E ratio of 13.87, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The stock has a fifty day moving average price of $97.00 and a 200 day moving average price of $83.87.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. Research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

C has been the topic of several research reports. Morgan Stanley increased their target price on Citigroup from $107.00 to $129.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Truist Financial increased their target price on Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. The Goldman Sachs Group increased their target price on Citigroup from $85.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Wells Fargo & Company increased their target price on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $99.68.

Insider Buying and Selling at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the sale, the director directly owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.

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.