Citigroup Inc. $C Stake Reduced by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC reduced its stake in shares of Citigroup Inc. (NYSE:C) by 11.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 6,541 shares of the company’s stock after selling 865 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Citigroup were worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in C. Goldman Sachs Group Inc. grew its stake in 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 buying an additional 9,334,038 shares during the last quarter. Nuveen LLC bought a new position in shares of Citigroup in the first quarter worth $578,100,000. Amundi grew its stake in shares of Citigroup by 78.4% in the first quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after purchasing an additional 6,026,268 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of 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 worth $2,917,794,000 after purchasing an additional 2,539,769 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG grew its stake 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 worth $186,726,000 after purchasing an additional 2,517,459 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

C has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased their price target on Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Oppenheimer decreased their price target on Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Evercore ISI set a $77.00 price target on Citigroup in a research note on Monday, July 7th. Cowen reissued a “hold” rating and issued a $110.00 price target on shares of Citigroup in a research note on Wednesday, October 15th. Finally, Wells Fargo & Company increased 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. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and a consensus price target of $107.63.

Citigroup Trading Down 1.9%

Shares of Citigroup stock opened at $96.36 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The firm has a market cap of $177.39 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 0.82 and a beta of 1.37. The business has a fifty day simple moving average of $97.81 and a 200-day simple moving average of $85.32. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59.

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

Citigroup Dividend Announcement

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

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.