Citigroup Inc. $C is Nexus Investment Management ULC's 4th Largest Position

Key Points

• Nexus Investment Management ULC has reduced its stake in Citigroup Inc. by 0.7%, making it the 4th largest holding in their portfolio, now valued at approximately $42.4 million.
• Several analysts have recently adjusted their price targets for Citigroup, with Truist Financial raising it to $112.00 and Goldman Sachs setting it at $118.00.
• Citigroup is set to pay a quarterly dividend of $0.60 on November 26th, resulting in an annualized dividend yield of 2.4%.

Nexus Investment Management ULC lessened its holdings in Citigroup Inc. (NYSE:C - Free Report) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 497,973 shares of the company's stock after selling 3,630 shares during the period. Citigroup comprises about 6.3% of Nexus Investment Management ULC's portfolio, making the stock its 4th largest holding. Nexus Investment Management ULC's holdings in Citigroup were worth $42,387,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of C. MorganRosel Wealth Management LLC acquired a new stake in shares of Citigroup in the first quarter valued at about $28,000. Accent Capital Management LLC raised its position in shares of Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company's stock worth $29,000 after purchasing an additional 212 shares during the last quarter. Truvestments Capital LLC lifted its stake in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company's stock valued at $31,000 after buying an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. boosted its holdings in Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company's stock worth $35,000 after buying an additional 253 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its stake in Citigroup by 805.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company's stock worth $37,000 after buying an additional 467 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on C. Truist Financial raised their price target on shares of Citigroup from $105.00 to $112.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. The Goldman Sachs Group reissued a "buy" rating and issued a $118.00 target price on shares of Citigroup in a research note on Tuesday. Weiss Ratings restated a "buy (b)" rating on shares of Citigroup in a research report on Wednesday, October 8th. Barclays set a $115.00 price target on Citigroup and gave the company an "overweight" rating in a report on Wednesday. Finally, Dbs Bank lowered Citigroup from a "moderate buy" rating to a "hold" rating in a research note on Monday, September 22nd. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $102.32.

Citigroup Trading Up 3.9%

C opened at $99.83 on Wednesday. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59. The stock has a market capitalization of $183.78 billion, a PE ratio of 14.75, a P/E/G ratio of 0.84 and a beta of 1.37. The business's 50 day moving average price is $97.25 and its 200 day moving average price is $84.16. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.03). Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The business had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. During the same period last year, the business earned $1.51 EPS. Citigroup's revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business 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 $0.60 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. Citigroup's dividend payout ratio is presently 35.45%.

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.

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