Migdal Insurance & Financial Holdings Ltd. Has $1.02 Million Stock Position in Citigroup Inc. $C

Migdal Insurance & Financial Holdings Ltd. lowered its position in shares of Citigroup Inc. (NYSE:C) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,091 shares of the company’s stock after selling 1,123 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Citigroup were worth $1,023,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Oarsman Capital Inc. boosted its position in Citigroup by 117.1% during the 2nd quarter. Oarsman Capital Inc. now owns 40,958 shares of the company’s stock worth $3,486,000 after acquiring an additional 22,094 shares during the last quarter. New York Life Investment Management LLC boosted its position in Citigroup by 0.7% during the 2nd quarter. New York Life Investment Management LLC now owns 278,979 shares of the company’s stock worth $23,747,000 after acquiring an additional 2,041 shares during the last quarter. Howard Capital Management Inc. boosted its position in Citigroup by 3.6% during the 2nd quarter. Howard Capital Management Inc. now owns 92,573 shares of the company’s stock worth $7,880,000 after acquiring an additional 3,186 shares during the last quarter. May Hill Capital LLC boosted its position in Citigroup by 3.8% during the 2nd quarter. May Hill Capital LLC now owns 5,597 shares of the company’s stock worth $476,000 after acquiring an additional 203 shares during the last quarter. Finally, ACR Alpine Capital Research LLC boosted its holdings in shares of Citigroup by 10.0% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 5,695,946 shares of the company’s stock valued at $484,839,000 after buying an additional 518,494 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Up 0.4%

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

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

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors 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 yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s dividend payout ratio is 33.71%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Evercore ISI set a $77.00 price objective on Citigroup in a report on Monday, July 7th. Cowen reissued a “hold” rating and issued a $110.00 price objective on shares of Citigroup in a report on Wednesday, October 15th. Morgan Stanley increased their price objective on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Barclays increased their price objective on Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Finally, Keefe, Bruyette & Woods increased their price objective on Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $107.63.

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.