Schnieders Capital Management LLC Sells 3,012 Shares of Citigroup Inc. $C

Key Points

• Schnieders Capital Management LLC has reduced its stake in Citigroup Inc. by 20.1%, now holding 11,944 shares worth approximately $1,017,000.
• Goldman Sachs Group Inc. significantly increased its holdings in Citigroup by 179.5% in the first quarter, while other institutions also made notable adjustments to their stakes.
• Citigroup recently reported quarterly earnings with EPS of $1.86, missing estimates, while declaring a dividend of $0.60 per share, representing a 2.5% yield.

Schnieders Capital Management LLC decreased its stake in Citigroup Inc. (NYSE:C - Free Report) by 20.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,944 shares of the company's stock after selling 3,012 shares during the quarter. Schnieders Capital Management LLC's holdings in Citigroup were worth $1,017,000 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. boosted its stake in shares of 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 period. Nuveen LLC purchased a new position in Citigroup during the 1st quarter worth $578,100,000. Amundi lifted its holdings in shares of Citigroup by 78.4% in the 1st 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 period. Price T Rowe Associates Inc. MD increased its stake in shares of 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 buying an additional 2,539,769 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Citigroup by 2,230.8% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company's stock valued at $186,726,000 after acquiring an additional 2,517,459 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on C. The Goldman Sachs Group reissued a "buy" rating and set a $118.00 target price on shares of Citigroup in a research report on Tuesday, October 14th. Evercore ISI set a $77.00 target price on Citigroup in a report on Monday, July 7th. TD Cowen lifted their price target on Citigroup from $105.00 to $110.00 and gave the company a "hold" rating in a report on Wednesday, October 15th. Piper Sandler upped their price objective on Citigroup from $107.00 to $110.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Zacks Research downgraded Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $107.63.

Citigroup Trading Up 0.9%

Citigroup stock opened at $97.10 on Monday. 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 stock has a market cap of $178.75 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 0.82 and a beta of 1.37. The stock has a 50-day moving average of $97.59 and a two-hundred day moving average of $84.86. Citigroup Inc. has a one year low of $55.51 and a one year 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 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.03). The company 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 business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, November 3rd. Citigroup's payout ratio 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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