HBK Sorce Advisory LLC Has $1.15 Million Stake in Citigroup Inc. $C

HBK Sorce Advisory LLC decreased its stake in shares of Citigroup Inc. (NYSE:C) by 4.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 13,528 shares of the company’s stock after selling 558 shares during the period. HBK Sorce Advisory LLC’s holdings in Citigroup were worth $1,151,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Premier Path Wealth Partners LLC increased its holdings in shares of Citigroup by 9.5% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 15,866 shares of the company’s stock valued at $1,351,000 after acquiring an additional 1,381 shares during the last quarter. Spire Wealth Management increased its holdings in shares of Citigroup by 122.4% during the 2nd quarter. Spire Wealth Management now owns 17,851 shares of the company’s stock valued at $1,519,000 after acquiring an additional 9,824 shares during the last quarter. World Investment Advisors increased its holdings in shares of Citigroup by 190.0% during the 2nd quarter. World Investment Advisors now owns 97,480 shares of the company’s stock valued at $8,297,000 after acquiring an additional 63,866 shares during the last quarter. Daymark Wealth Partners LLC increased its holdings in shares of Citigroup by 9.8% during the 2nd quarter. Daymark Wealth Partners LLC now owns 11,832 shares of the company’s stock valued at $1,007,000 after acquiring an additional 1,054 shares during the last quarter. Finally, Mayflower Financial Advisors LLC grew its holdings in Citigroup by 2.6% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 10,170 shares of the company’s stock valued at $866,000 after buying an additional 258 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of NYSE:C opened at $100.11 on Friday. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59. The firm has a market capitalization of $184.30 billion, a PE ratio of 14.06, a PEG ratio of 0.83 and a beta of 1.37. The business’s 50 day moving average is $98.50 and its 200-day moving average is $87.09. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 14th. The company reported $1.86 earnings per share 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 for the quarter, compared to analyst estimates of $20.92 billion. During the same period in the previous year, the business posted $1.51 EPS. Citigroup’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. Sell-side analysts predict 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. Investors of record on Monday, November 3rd will be paid a $0.60 dividend. 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 currently 33.71%.

Analysts Set New Price Targets

A number of analysts have issued reports on C shares. TD Cowen raised their target price on Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Bank of America raised their target price on Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Oppenheimer lowered their target price on Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Citigroup currently has a consensus 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.