Angeles Wealth Management LLC Sells 573 Shares of Citigroup Inc. $C

Angeles Wealth Management LLC trimmed its position in shares of Citigroup Inc. (NYSE:C) by 11.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,531 shares of the company’s stock after selling 573 shares during the period. Angeles Wealth Management LLC’s holdings in Citigroup were worth $386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new stake in Citigroup during the first quarter valued at approximately $28,000. Accent Capital Management LLC boosted its holdings in Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares in the last quarter. Truvestments Capital LLC boosted its holdings in Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. boosted its holdings in Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after purchasing an additional 253 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its holdings in Citigroup by 805.2% during the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after purchasing an additional 467 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Up 0.9%

Shares of C opened at $97.10 on Friday. The company 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. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59. The business’s 50 day simple moving average is $97.59 and its 200-day simple moving average is $84.62.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 14th. The company reported $1.86 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.03). The business had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

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 dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.5%. Citigroup’s dividend payout ratio is currently 33.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $118.00 price objective on shares of Citigroup in a report on Tuesday. Evercore ISI set a $77.00 price objective on Citigroup in a report on Monday, July 7th. Truist Financial lifted their price objective on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, Dbs Bank downgraded Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average price target of $107.63.

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.