Citigroup Inc. $C Shares Sold by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC reduced its holdings in Citigroup Inc. (NYSE:C) by 10.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,374 shares of the company’s stock after selling 536 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Citigroup were worth $372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in C. Goldman Sachs Group Inc. increased its stake in Citigroup by 179.5% in the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock valued at $1,031,790,000 after purchasing an additional 9,334,038 shares during the last quarter. Nuveen LLC acquired a new position in Citigroup in the first quarter valued at $578,100,000. Amundi increased its stake in Citigroup by 78.4% in the first quarter. Amundi now owns 13,713,517 shares of the company’s stock valued at $973,523,000 after purchasing an additional 6,026,268 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Citigroup by 6.6% in 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 purchasing an additional 2,539,769 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG increased its stake in 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 purchasing an additional 2,517,459 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

C stock opened at $93.87 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The firm has a market cap of $172.81 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.82 and a beta of 1.37. The stock has a 50-day simple moving average of $97.00 and a 200-day simple moving average of $83.78.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The business had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same quarter last year, the firm earned $1.52 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. Citigroup’s payout ratio is 35.45%.

Insider Activity

In other news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the sale, the director owned 2,140 shares in the company, valued at approximately $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

C has been the subject of several analyst reports. Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Evercore ISI set a $77.00 price target on Citigroup in a research note on Monday, July 7th. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Wells Fargo & Company upped their price target on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Finally, Morgan Stanley upped their price target on Citigroup from $107.00 to $129.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.68.

About Citigroup

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.