Freestone Capital Holdings LLC Has $1.78 Million Stake in Citigroup Inc. $C

Freestone Capital Holdings LLC lowered its position in shares of Citigroup Inc. (NYSE:C) by 42.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,950 shares of the company’s stock after selling 15,143 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Citigroup were worth $1,783,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Accent Capital Management LLC grew its stake in Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the period. DHJJ Financial Advisors Ltd. boosted its holdings in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after buying an additional 253 shares in the last quarter. Truvestments Capital LLC boosted its holdings in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after buying an additional 246 shares in the last quarter. HHM Wealth Advisors LLC grew its position in shares of Citigroup by 805.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after buying an additional 467 shares during the period. Finally, WPG Advisers LLC bought a new stake in shares of Citigroup in the 1st quarter valued at $38,000. 71.72% of the stock is owned by institutional investors.

Citigroup Trading Up 0.2%

NYSE:C opened at $101.46 on Tuesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59. The company has a market cap of $186.77 billion, a PE ratio of 14.25, a PEG ratio of 0.83 and a beta of 1.37. The firm has a 50-day moving average of $98.75 and a 200-day moving average of $87.96.

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 for the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. Citigroup’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

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 issued a dividend of $0.60 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.4%. Citigroup’s dividend payout ratio is 33.71%.

Wall Street Analysts Forecast Growth

C has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Barclays raised their target price on Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Wells Fargo & Company upped their price target on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Finally, Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.