First Command Advisory Services Inc. Sells 400 Shares of Citigroup Inc. $C

First Command Advisory Services Inc. reduced its holdings in Citigroup Inc. (NYSE:C) by 23.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,321 shares of the company’s stock after selling 400 shares during the quarter. First Command Advisory Services Inc.’s holdings in Citigroup were worth $112,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in C. Ashton Thomas Private Wealth LLC boosted its position in shares of Citigroup by 6.5% during the second quarter. Ashton Thomas Private Wealth LLC now owns 94,334 shares of the company’s stock valued at $8,030,000 after purchasing an additional 5,726 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Citigroup by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 3,330,453 shares of the company’s stock valued at $283,481,000 after purchasing an additional 111,671 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Citigroup by 5.9% during the second quarter. Nisa Investment Advisors LLC now owns 592,992 shares of the company’s stock valued at $50,475,000 after purchasing an additional 33,231 shares in the last quarter. Resonant Capital Advisors LLC boosted its position in shares of Citigroup by 62.5% during the second quarter. Resonant Capital Advisors LLC now owns 6,117 shares of the company’s stock valued at $521,000 after purchasing an additional 2,353 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its position in shares of Citigroup by 5.1% during the second quarter. Wealthfront Advisers LLC now owns 185,641 shares of the company’s stock valued at $15,802,000 after purchasing an additional 8,988 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Up 2.2%

C stock opened at $100.97 on Tuesday. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59. The business has a fifty day moving average price of $98.07 and a 200-day moving average price of $86.45. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $185.87 billion, a P/E ratio of 14.18, a P/E/G ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $1.86 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 period in the previous year, the firm earned $1.51 EPS. The business’s revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Equities analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Truist Financial lifted their price objective on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Morgan Stanley lifted their price objective on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, Keefe, Bruyette & Woods lifted their price objective on Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $107.63.

Citigroup 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.