Rossby Financial LCC Sells 150 Shares of Citigroup Inc. $C

Rossby Financial LCC decreased its position in shares of Citigroup Inc. (NYSE:C) by 7.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,820 shares of the company’s stock after selling 150 shares during the quarter. Rossby Financial LCC’s holdings in Citigroup were worth $155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new position in Citigroup in the 1st quarter worth approximately $28,000. Accent Capital Management LLC boosted its holdings in Citigroup by 106.0% in the 1st 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 period. Truvestments Capital LLC boosted 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 acquiring an additional 246 shares during the period. DHJJ Financial Advisors Ltd. boosted 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 acquiring an additional 253 shares during the period. Finally, HHM Wealth Advisors LLC boosted its holdings 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. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 0.4%

Shares of Citigroup stock 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 firm has a market cap of $186.66 billion, a PE ratio of 14.24, a PEG ratio of 0.84 and a beta of 1.37. 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 company has a 50 day simple moving average of $98.22 and a two-hundred day simple moving average of $86.73.

Citigroup (NYSE:C) last announced 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 net margin of 8.73% and a return on equity of 7.91%. The company had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. During the same quarter in the previous year, the firm earned $1.51 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

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

Wall Street Analyst Weigh In

C has been the subject of a number of analyst reports. Piper Sandler raised their price target on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Dbs Bank downgraded Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Oppenheimer cut their price objective on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. UBS Group restated a “neutral” rating and issued a $89.00 price objective on shares of Citigroup in a research report on Tuesday, July 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Eleven research 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 company has a consensus rating of “Moderate Buy” and a consensus 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.