Citigroup Inc. $C Position Cut by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc reduced its stake in shares of Citigroup Inc. (NYSE:C) by 14.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,321,072 shares of the company’s stock after selling 226,359 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Citigroup were worth $112,450,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Private Advisory Group LLC raised its position in Citigroup by 20.8% in the first quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock worth $4,940,000 after acquiring an additional 11,978 shares in the last quarter. Keystone Financial Services acquired a new stake in Citigroup during the second quarter valued at approximately $216,000. Brighton Jones LLC boosted its holdings in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after buying an additional 12,499 shares in the last quarter. Hayek Kallen Investment Management grew its position in Citigroup by 125.0% in the first quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock worth $1,103,000 after buying an additional 8,630 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Citigroup by 3.9% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 257,930 shares of the company’s stock valued at $21,955,000 after buying an additional 9,644 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C opened at $99.82 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The company’s fifty day moving average is $99.78 and its 200-day moving average is $90.63. The firm has a market cap of $178.61 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. The firm 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 for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed 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 dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is presently 33.71%.

Analysts Set New Price Targets

Several research firms have recently weighed in on C. Barclays raised their price objective on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. TD Cowen lifted their price target on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Oppenheimer reduced their price objective on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday. Morgan Stanley lifted their target price on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Bank of America boosted their price target on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $107.43.

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.