JTC Employer Solutions Trustee Ltd Sells 25,000 Shares of Citigroup Inc. $C

Key Points

• JTC Employer Solutions Trustee Ltd reduced its holdings in Citigroup Inc. by 12.5%, selling 25,000 shares, leaving it with 175,783 shares valued at approximately $14.96 million.
• Analysts have recently raised price targets for Citigroup, with Truist Financial and Barclays setting targets of $112.00 and $115.00 respectively, reflecting a consensus rating of "Moderate Buy."
• Citigroup announced a quarterly dividend of $0.60, expected to result in an annual yield of 2.5%, with the ex-dividend date on November 3rd.

JTC Employer Solutions Trustee Ltd decreased its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 12.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,783 shares of the company's stock after selling 25,000 shares during the quarter. Citigroup accounts for approximately 1.4% of JTC Employer Solutions Trustee Ltd's portfolio, making the stock its 7th largest holding. JTC Employer Solutions Trustee Ltd's holdings in Citigroup were worth $14,960,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in shares of Citigroup during the 1st quarter worth approximately $28,000. Accent Capital Management LLC grew its stake 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 period. Truvestments Capital LLC grew its stake in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after purchasing an additional 246 shares during the period. DHJJ Financial Advisors Ltd. grew its stake in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company's stock worth $35,000 after purchasing an additional 253 shares during the period. Finally, HHM Wealth Advisors LLC lifted its position in shares of Citigroup by 805.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company's stock valued at $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

A number of brokerages have recently issued reports on C. Truist Financial increased their target price on Citigroup from $105.00 to $112.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. TD Cowen increased their target price on Citigroup from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Wednesday. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Barclays increased their target price on Citigroup from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Cowen reiterated a "hold" rating and set a $110.00 target price on shares of Citigroup in a research report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $107.63.

Citigroup Trading Up 0.9%

Shares of C stock opened at $97.10 on Friday. The stock's fifty day moving average is $97.59 and its two-hundred day moving average is $84.62. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $178.75 billion, a P/E ratio of 13.64, a PEG ratio of 0.81 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.

Citigroup (NYSE:C - Get Free Report) last announced 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). The firm had revenue of $22.09 billion during the quarter, compared to analysts' expectations of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. Research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be issued a $0.60 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Citigroup's dividend payout ratio (DPR) is presently 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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