Birmingham Capital Management Co. Inc. AL Reduces Position in Citigroup Inc. $C

Key Points

• Birmingham Capital Management Co. Inc. AL reduced its stake in Citigroup Inc. by 24.4%, owning 14,800 shares worth $1.26 million after selling 4,765 shares in the second quarter.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Citigroup, with an average price target of $107.63 amid varying price objectives from major brokerages.
• Citigroup announced a quarterly dividend of $0.60 per share, with the payout scheduled for November 26th, representing an annualized yield of 2.5%.

Birmingham Capital Management Co. Inc. AL lessened its stake in Citigroup Inc. (NYSE:C - Free Report) by 24.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,800 shares of the company's stock after selling 4,765 shares during the quarter. Birmingham Capital Management Co. Inc. AL's holdings in Citigroup were worth $1,260,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of C. Brighton Jones LLC raised its position in shares of Citigroup by 166.9% during 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. GAMMA Investing LLC grew its position in Citigroup by 12.7% in the 1st quarter. GAMMA Investing LLC now owns 34,236 shares of the company's stock valued at $2,430,000 after acquiring an additional 3,855 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Citigroup by 68.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 3,642 shares of the company's stock worth $259,000 after buying an additional 1,485 shares during the period. Blue Trust Inc. increased its position in shares of Citigroup by 8.0% during the first quarter. Blue Trust Inc. now owns 4,341 shares of the company's stock worth $308,000 after acquiring an additional 320 shares during the period. Finally, ORG Partners LLC raised its position in Citigroup by 228.2% in the 1st quarter. ORG Partners LLC now owns 1,047 shares of the company's stock valued at $74,000 after purchasing an additional 728 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on C. Weiss Ratings restated a "buy (b)" rating on shares of Citigroup in a report on Wednesday, October 8th. The Goldman Sachs Group reissued a "buy" rating and issued a $118.00 price objective on shares of Citigroup in a report on Tuesday, October 14th. TD Cowen boosted their price target on Citigroup from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Wednesday, October 15th. Keefe, Bruyette & Woods lifted their target price on shares of Citigroup from $112.00 to $118.00 and gave the company an "outperform" rating in a report on Friday. Finally, Barclays upped their price objective on Citigroup from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $107.63.

Citigroup Stock Performance

NYSE C opened at $97.10 on Monday. The stock has a market cap of $178.75 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 0.82 and a beta of 1.37. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The business has a fifty day moving average of $97.59 and a 200-day moving average of $84.86. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $1.89 by ($0.03). The firm had revenue of $22.09 billion for the quarter, compared to analysts' expectations of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be issued 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 dividend yield of 2.5%. Citigroup's payout ratio 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.

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