Rockefeller Capital Management L.P. Sells 199,657 Shares of Citigroup Inc. $C

Rockefeller Capital Management L.P. decreased its stake in shares of Citigroup Inc. (NYSE:C) by 21.9% during the 2nd quarter, Holdings Channel reports. The firm owned 711,767 shares of the company’s stock after selling 199,657 shares during the period. Rockefeller Capital Management L.P.’s holdings in Citigroup were worth $60,586,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in shares of Citigroup by 60.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 27,260 shares of the company’s stock worth $1,935,000 after purchasing an additional 10,314 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Citigroup by 0.9% in the 1st quarter. Jennison Associates LLC now owns 24,204 shares of the company’s stock valued at $1,718,000 after purchasing an additional 219 shares during the period. Nwam LLC lifted its stake in Citigroup by 25.4% in the 1st quarter. Nwam LLC now owns 7,678 shares of the company’s stock valued at $545,000 after purchasing an additional 1,556 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its holdings in Citigroup by 1.1% during the first quarter. Kestra Private Wealth Services LLC now owns 42,166 shares of the company’s stock worth $2,993,000 after purchasing an additional 470 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Down 0.4%

C stock opened at $100.24 on Monday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $179.35 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 0.83 and a beta of 1.37. The business’s fifty day moving average price is $99.66 and its two-hundred day moving average price is $90.15.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The company had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. During the same quarter in the previous year, the business posted $1.51 earnings per share. Citigroup’s quarterly revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently announced 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 dividend yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s dividend payout ratio is presently 33.71%.

Wall Street Analyst Weigh In

Several analysts have issued reports on C shares. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, October 8th. Morgan Stanley boosted their target price on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $118.00 price target on shares of Citigroup in a report on Tuesday, October 14th. Piper Sandler lifted their price objective on shares of Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Bank of America upped their price objective on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.63.

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.