Blake Schutter Theil Wealth Advisors LLC Sells 4,986 Shares of Citigroup Inc. $C

Blake Schutter Theil Wealth Advisors LLC lessened its position in shares of Citigroup Inc. (NYSE:C) by 57.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,638 shares of the company’s stock after selling 4,986 shares during the period. Blake Schutter Theil Wealth Advisors LLC’s holdings in Citigroup were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after buying an additional 12,499 shares in the last quarter. GAMMA Investing LLC increased its holdings in Citigroup by 12.7% in the 1st quarter. GAMMA Investing LLC now owns 34,236 shares of the company’s stock worth $2,430,000 after purchasing an additional 3,855 shares in the last quarter. Western Wealth Management LLC raised its position in Citigroup by 12.3% in the first quarter. Western Wealth Management LLC now owns 10,440 shares of the company’s stock valued at $741,000 after purchasing an additional 1,144 shares during the last quarter. Trust Co. of Vermont boosted its stake in shares of Citigroup by 14.3% during the first quarter. Trust Co. of Vermont now owns 1,196 shares of the company’s stock valued at $85,000 after purchasing an additional 150 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its stake in shares of Citigroup by 94.3% during the first quarter. Jaffetilchin Investment Partners LLC now owns 9,865 shares of the company’s stock valued at $700,000 after purchasing an additional 4,787 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company lifted their price target on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $118.00 price target on shares of Citigroup in a research note on Tuesday, October 14th. UBS Group reaffirmed a “neutral” rating and set a $89.00 price target on shares of Citigroup in a research note on Tuesday, July 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research note on Friday. Finally, Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Price Performance

Shares of NYSE C opened at $98.77 on Friday. 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 company has a market capitalization of $181.82 billion, a PE ratio of 13.87, a P/E/G ratio of 0.83 and a beta of 1.37. The firm has a fifty day simple moving average of $97.93 and a 200 day simple moving average of $86.05. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59.

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

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.4%. Citigroup’s payout ratio is 33.71%.

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.