Birinyi Associates Inc. Cuts Holdings in Citigroup Inc. $C

Birinyi Associates Inc. decreased its position in shares of Citigroup Inc. (NYSE:C) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,164 shares of the company’s stock after selling 2,741 shares during the period. Citigroup accounts for about 2.6% of Birinyi Associates Inc.’s investment portfolio, making the stock its 10th largest holding. Birinyi Associates Inc.’s holdings in Citigroup were worth $8,781,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in C. Citizens National Bank Trust Department increased its holdings in shares of Citigroup by 3.9% in the second quarter. Citizens National Bank Trust Department now owns 17,872 shares of the company’s stock valued at $1,521,000 after buying an additional 669 shares in the last quarter. Arcataur Capital Management LLC acquired a new stake in shares of Citigroup during the second quarter worth $228,000. Sax Wealth Advisors LLC acquired a new stake in shares of Citigroup during the second quarter worth $242,000. Venturi Wealth Management LLC raised its holdings in Citigroup by 20.8% during the 2nd quarter. Venturi Wealth Management LLC now owns 15,403 shares of the company’s stock worth $1,311,000 after buying an additional 2,655 shares during the period. Finally, BankPlus Trust Department raised its holdings in Citigroup by 657.1% during the 2nd quarter. BankPlus Trust Department now owns 6,776 shares of the company’s stock worth $577,000 after buying an additional 5,881 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Insider Transactions at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the company’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the transaction, the director owned 2,140 shares in the company, valued at $193,456. This represents a 58.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. TD Cowen boosted their price target on shares of Citigroup from $85.00 to $95.00 and gave the company a “hold” rating in a report on Wednesday, July 16th. Dbs Bank downgraded Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Bank of America upped their target price on Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, June 26th. UBS Group reissued a “neutral” rating and set a $89.00 target price on shares of Citigroup in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company raised their target price on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.68.

Citigroup Price Performance

NYSE:C opened at $97.70 on Wednesday. The firm has a market cap of $179.86 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The company’s 50-day moving average price is $96.90 and its two-hundred day moving average price is $83.34.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.61 by $0.35. The business had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.Citigroup’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were paid a $0.60 dividend. This is an increase from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s payout ratio is presently 35.45%.

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.