Citigroup Inc. $C is First Pacific Advisors LP’s 4th Largest Position

First Pacific Advisors LP lowered its stake in Citigroup Inc. (NYSE:C) by 9.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,253,021 shares of the company’s stock after selling 525,706 shares during the period. Citigroup accounts for 6.4% of First Pacific Advisors LP’s holdings, making the stock its 4th biggest position. First Pacific Advisors LP owned 0.28% of Citigroup worth $447,137,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new position in shares of Citigroup in the first quarter worth $28,000. Accent Capital Management LLC raised its holdings in shares of Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after buying an additional 212 shares during the last quarter. DHJJ Financial Advisors Ltd. raised its holdings in shares of Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after buying an additional 253 shares during the last quarter. Truvestments Capital LLC raised its holdings in shares of Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after buying an additional 246 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its stake in shares of Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after acquiring an additional 467 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on C shares. Oppenheimer cut their price objective on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Barclays increased their price objective on shares of Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.63.

Citigroup Price Performance

Citigroup stock opened at $101.40 on Wednesday. The company’s 50 day simple moving average is $98.22 and its 200-day simple moving average is $86.73. The company has a market capitalization of $186.66 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99.

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

Citigroup Dividend Announcement

The business also recently declared 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 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.