Citigroup Inc. $C Stock Holdings Decreased by Stephens Inc. AR

Key Points

• Stephens Inc. AR decreased its holdings in Citigroup by 2.3% in the second quarter, now owning 127,000 shares valued at approximately $10.81 million.
• Citigroup reported a quarterly earnings per share of $1.86, falling short of analyst expectations of $1.89, but showed a 9.3% year-over-year revenue increase to $22.09 billion.
• The company announced a quarterly dividend of $0.60, representing a 2.4% yield, with a payout date set for November 26.

Stephens Inc. AR reduced its position in Citigroup Inc. (NYSE:C - Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,000 shares of the company's stock after selling 2,988 shares during the period. Stephens Inc. AR's holdings in Citigroup were worth $10,810,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Citigroup by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company's stock valued at $2,917,794,000 after purchasing an additional 2,539,769 shares in the last quarter. Northern Trust Corp grew its position in Citigroup by 1.0% during the first quarter. Northern Trust Corp now owns 20,427,563 shares of the company's stock valued at $1,450,153,000 after purchasing an additional 195,013 shares in the last quarter. Invesco Ltd. grew its position in Citigroup by 3.6% during the first quarter. Invesco Ltd. now owns 16,839,915 shares of the company's stock valued at $1,195,466,000 after purchasing an additional 592,820 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Citigroup by 179.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company's stock valued at $1,031,790,000 after purchasing an additional 9,334,038 shares in the last quarter. Finally, Amundi grew its position in Citigroup by 78.4% during the first quarter. Amundi now owns 13,713,517 shares of the company's stock valued at $973,523,000 after purchasing an additional 6,026,268 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Price Performance

Shares of Citigroup stock opened at $99.18 on Tuesday. The firm has a fifty day simple moving average of $97.72 and a 200-day simple moving average of $85.15. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59. The stock has a market capitalization of $182.58 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 0.82 and a beta of 1.37.

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

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be paid a $0.60 dividend. 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 payout ratio is presently 33.71%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on C. The Goldman Sachs Group reaffirmed a "buy" rating and set a $118.00 price objective on shares of Citigroup in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Citigroup in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on shares of Citigroup from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Tuesday, September 16th. Oppenheimer reduced their target price on shares of Citigroup from $124.00 to $123.00 and set an "outperform" rating for the company in a research note on Tuesday, September 23rd. Finally, Cowen reiterated a "hold" rating and issued a $110.00 target price on shares of Citigroup in a research note on Wednesday, October 15th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and an average target price of $107.63.

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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