Boston Partners Has $139.24 Million Holdings in Citigroup Inc. $C

Boston Partners decreased its stake in shares of Citigroup Inc. (NYSE:C) by 1.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,634,258 shares of the company’s stock after selling 28,636 shares during the period. Boston Partners owned 0.09% of Citigroup worth $139,235,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Onyx Bridge Wealth Group LLC raised its position in shares of Citigroup by 3.6% in the second quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock valued at $265,000 after purchasing an additional 109 shares during the period. Fullcircle Wealth LLC boosted its holdings in shares of Citigroup by 0.9% during the 2nd quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock worth $1,206,000 after buying an additional 111 shares during the period. Secure Asset Management LLC grew its stake in Citigroup by 3.7% in the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after buying an additional 118 shares during the last quarter. Golden State Equity Partners raised its holdings in Citigroup by 0.6% in the 2nd quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock worth $1,842,000 after acquiring an additional 122 shares during the period. Finally, Altman Advisors Inc. lifted its position in Citigroup by 0.4% during the 2nd quarter. Altman Advisors Inc. now owns 30,979 shares of the company’s stock worth $2,673,000 after acquiring an additional 127 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

C has been the topic of several research analyst reports. Wall Street Zen raised Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, October 8th. TD Cowen lifted their price target on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research 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. Finally, Keefe, Bruyette & Woods raised their price objective 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. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Stock Down 0.7%

Shares of C stock opened at $100.73 on Wednesday. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59. 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 stock has a fifty day moving average price of $99.34 and a 200 day moving average price of $89.46. The stock has a market cap of $185.43 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

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

Citigroup Announces Dividend

The firm 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 is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is currently 33.71%.

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.