Yousif Capital Management LLC Cuts Stake in Citigroup Inc. $C

Key Points

• Yousif Capital Management LLC reduced its stake in Citigroup Inc. by 2.6%, owning 283,106 shares valued at approximately $24 million after selling 7,580 shares during Q2.
• Citigroup reported $1.96 EPS for the last quarter, exceeding analysts' estimates and marking an 8.2% year-over-year revenue growth.
• Analysts have mixed ratings on Citigroup, with the stock holding a consensus rating of "Moderate Buy" and a target price of $99.68, following recent adjustments by firms like Bank of America and Wells Fargo.

Yousif Capital Management LLC reduced its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 283,106 shares of the company's stock after selling 7,580 shares during the period. Yousif Capital Management LLC's holdings in Citigroup were worth $24,098,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of C. MorganRosel Wealth Management LLC purchased a new position in Citigroup in the first quarter valued at approximately $28,000. Accent Capital Management LLC raised its holdings in Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after buying an additional 212 shares during the period. Truvestments Capital LLC raised its holdings in Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company's stock valued at $31,000 after buying an additional 246 shares during the period. DHJJ Financial Advisors Ltd. raised its holdings in Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company's stock valued at $35,000 after buying an additional 253 shares during the period. Finally, HHM Wealth Advisors LLC raised its holdings in Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company's stock valued at $37,000 after buying an additional 467 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Citigroup stock opened at $93.87 on Monday. The company has a market cap of $172.81 billion, a PE ratio of 13.87, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a fifty day moving average price of $97.00 and a two-hundred day moving average price of $83.87. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm's revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.52 earnings per share. 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 year.

Wall Street Analyst Weigh In

C has been the topic of several research reports. Zacks Research lowered shares of Citigroup from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. Bank of America raised their price target on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. 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. Oppenheimer lowered their price objective on shares of Citigroup from $124.00 to $123.00 and set an "outperform" rating for the company in a research report on Tuesday, September 23rd. Finally, TD Cowen increased their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a research report on Wednesday, July 16th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $99.68.

Insider Buying and Selling

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the transaction, the director owned 2,140 shares of the company's stock, valued at $193,456. The trade was a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.08% of the stock is currently owned by corporate insiders.

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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