DekaBank Deutsche Girozentrale Has $65.19 Million Holdings in Citigroup Inc. $C

DekaBank Deutsche Girozentrale decreased its stake in Citigroup Inc. (NYSE:C - Free Report) by 47.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 770,610 shares of the company's stock after selling 683,846 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Citigroup were worth $65,187,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of C. Price T Rowe Associates Inc. MD grew its holdings in shares of Citigroup by 6.6% in 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. Northern Trust Corp lifted its holdings in Citigroup by 1.0% during the 1st 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 during the last quarter. Invesco Ltd. boosted its position in Citigroup by 3.6% in the first quarter. Invesco Ltd. now owns 16,839,915 shares of the company's stock valued at $1,195,466,000 after buying an additional 592,820 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Citigroup by 179.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company's stock worth $1,031,790,000 after buying an additional 9,334,038 shares during the last quarter. Finally, Amundi grew its stake in Citigroup by 78.4% during the first quarter. Amundi now owns 13,713,517 shares of the company's stock worth $973,523,000 after buying an additional 6,026,268 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Truist Financial lifted their target price on shares of Citigroup from $105.00 to $112.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Piper Sandler lifted their price objective on Citigroup from $107.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, October 15th. Morgan Stanley upped their price target on shares of Citigroup from $129.00 to $134.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 15th. UBS Group reissued a "neutral" rating and issued a $89.00 price target on shares of Citigroup in a report on Tuesday, July 15th. Finally, Dbs Bank cut shares of Citigroup from a "moderate buy" rating to a "hold" rating in a research report on Monday, September 22nd. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $107.63.

Citigroup Stock Down 1.0%

Citigroup stock opened at $98.29 on Wednesday. The company's 50 day simple moving average is $97.78 and its 200 day simple moving average is $85.24. The firm has a market capitalization of $180.94 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.84 and a beta of 1.37. 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.

Citigroup (NYSE:C - Get Free Report) last released 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). Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. During the same quarter in the prior year, the company earned $1.51 EPS. Citigroup's quarterly revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The firm also recently disclosed 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. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup's payout ratio is 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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