Janney Capital Management LLC decreased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 352,792 shares of the company's stock after selling 5,003 shares during the quarter. Citigroup comprises about 1.9% of Janney Capital Management LLC's portfolio, making the stock its 8th largest holding. Janney Capital Management LLC's holdings in Citigroup were worth $30,030,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Venture Visionary Partners LLC lifted its position in Citigroup by 3.4% during the second quarter. Venture Visionary Partners LLC now owns 18,357 shares of the company's stock valued at $1,563,000 after purchasing an additional 596 shares during the last quarter. Archford Capital Strategies LLC bought a new position in Citigroup during the second quarter valued at $236,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in Citigroup by 24.9% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 3,908 shares of the company's stock valued at $333,000 after purchasing an additional 778 shares during the last quarter. GC Wealth Management RIA LLC lifted its position in Citigroup by 138.0% during the second quarter. GC Wealth Management RIA LLC now owns 22,042 shares of the company's stock valued at $1,876,000 after purchasing an additional 12,782 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its position in Citigroup by 7.6% during the second quarter. V Square Quantitative Management LLC now owns 10,915 shares of the company's stock valued at $929,000 after purchasing an additional 768 shares during the last quarter. Institutional investors own 71.72% of the company's stock.
Insiders Place Their Bets
In related news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the sale, the director owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by insiders.
Analyst Ratings Changes
Several research firms have commented on C. Barclays increased their price objective on shares of Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods reiterated a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. Wells Fargo & Company increased their price objective on shares of Citigroup from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Tuesday, September 16th. Truist Financial increased their price objective on shares of Citigroup from $105.00 to $112.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. Finally, UBS Group reissued a "neutral" rating and issued a $89.00 target price on shares of Citigroup in a research note on Tuesday, July 15th. Ten 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, Citigroup currently has an average rating of "Moderate Buy" and a consensus target price of $99.68.
View Our Latest Research Report on C
Citigroup Trading Down 0.3%
Shares of C opened at $103.11 on Tuesday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The company has a market cap of $189.82 billion, a P/E ratio of 15.23, a P/E/G ratio of 0.89 and a beta of 1.41. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The company's fifty day simple moving average is $96.52 and its 200-day simple moving average is $82.27.
Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The company had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same quarter last year, the business posted $1.52 EPS. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.
Citigroup Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, August 4th. This is a positive change from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio (DPR) is 35.45%.
Citigroup Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C - Free Report).
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