Harbour Investments Inc. Sells 646 Shares of Citigroup Inc. $C

Harbour Investments Inc. lowered its stake in Citigroup Inc. (NYSE:CFree Report) by 11.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,206 shares of the company’s stock after selling 646 shares during the period. Harbour Investments Inc.’s holdings in Citigroup were worth $443,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of C. Secure Asset Management LLC raised its holdings in shares of Citigroup by 3.7% during the second quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after acquiring an additional 118 shares in the last quarter. Golden State Equity Partners raised its holdings in shares of Citigroup by 0.6% during the second quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock valued at $1,842,000 after acquiring an additional 122 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of Citigroup by 0.5% during the second quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock valued at $2,034,000 after acquiring an additional 129 shares in the last quarter. RDA Financial Network raised its holdings in shares of Citigroup by 3.4% during the second quarter. RDA Financial Network now owns 3,940 shares of the company’s stock valued at $335,000 after acquiring an additional 130 shares in the last quarter. Finally, Richardson Financial Services Inc. raised its holdings in shares of Citigroup by 6.1% during the second quarter. Richardson Financial Services Inc. now owns 2,270 shares of the company’s stock valued at $196,000 after acquiring an additional 130 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on C. Oppenheimer decreased their target price on Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Keefe, Bruyette & Woods upped their target price on Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Friday. Morgan Stanley upped their target price on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Cowen reaffirmed a “hold” rating and issued a $110.00 price target on shares of Citigroup in a research note on Wednesday, October 15th. Finally, Dbs Bank cut Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $107.63.

View Our Latest Stock Report on C

Citigroup Trading Up 2.2%

NYSE C opened at $99.18 on Tuesday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The stock has a market cap of $182.58 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.82 and a beta of 1.37. The stock’s fifty day moving average price is $97.72 and its 200-day moving average price is $85.15. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:CGet Free Report) last released its earnings results on Tuesday, October 14th. The company reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. During the same period in the prior year, the company posted $1.51 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s dividend payout ratio is currently 33.71%.

Citigroup Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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