Citigroup Inc. $C Shares Sold by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC has reduced its stake in Citigroup Inc. by 12.8%, now holding 59,626 shares worth approximately $5.07 million.
• Citigroup reported earnings of $1.86 EPS for the recent quarter, missing estimates by $0.03, while revenue increased by 9.3% year-over-year to $22.09 billion.
• The company declared a quarterly dividend of $0.60 per share, with an ex-dividend date of November 3rd, representing an annual yield of 2.5%.

International Assets Investment Management LLC cut its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 12.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 59,626 shares of the company's stock after selling 8,781 shares during the period. International Assets Investment Management LLC's holdings in Citigroup were worth $5,075,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of C. Goldman Sachs Group Inc. increased its holdings in Citigroup by 179.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company's stock worth $1,031,790,000 after purchasing an additional 9,334,038 shares during the last quarter. Nuveen LLC purchased a new stake in Citigroup during the 1st quarter worth approximately $578,100,000. Amundi increased its holdings in Citigroup by 78.4% during the 1st quarter. Amundi now owns 13,713,517 shares of the company's stock worth $973,523,000 after purchasing an additional 6,026,268 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Citigroup by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company's stock worth $2,917,794,000 after purchasing an additional 2,539,769 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG increased its holdings in Citigroup by 2,230.8% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company's stock worth $186,726,000 after purchasing an additional 2,517,459 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Price Performance

Shares of C opened at $97.10 on Friday. The company has a market cap of $178.75 billion, a P/E ratio of 13.64, a PEG ratio of 0.82 and a beta of 1.37. The stock has a fifty day moving average price of $97.59 and a 200 day moving average price of $84.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59.

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

Citigroup Dividend Announcement

The firm also recently declared 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 yield of 2.5%. The ex-dividend date is Monday, November 3rd. Citigroup's payout ratio is 33.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on C shares. Wells Fargo & Company boosted their price target on Citigroup from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, September 16th. Piper Sandler boosted their price target on Citigroup from $107.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday. Keefe, Bruyette & Woods boosted their price target on Citigroup from $112.00 to $118.00 and gave the company an "outperform" rating in a report on Friday. Morgan Stanley boosted their price target on Citigroup from $129.00 to $134.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Oppenheimer lowered their price target on Citigroup from $124.00 to $123.00 and set an "outperform" rating for the company in a report on Tuesday, September 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.

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