D Orazio & Associates Inc. Sells 1,002 Shares of Citigroup Inc. $C

D Orazio & Associates Inc. trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 16.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,078 shares of the company’s stock after selling 1,002 shares during the period. D Orazio & Associates Inc.’s holdings in Citigroup were worth $432,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Accent Capital Management LLC grew its stake in Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares in the last quarter. Truvestments Capital LLC boosted its holdings in shares of Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after buying an additional 246 shares during the last quarter. DHJJ Financial Advisors Ltd. grew its stake in shares of Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after buying an additional 253 shares in the last quarter. HHM Wealth Advisors LLC increased its holdings in Citigroup by 805.2% during the first 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 last quarter. Finally, WPG Advisers LLC bought a new stake in Citigroup during the first quarter worth $38,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Up 2.0%

C stock opened at $102.79 on Thursday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week 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 market capitalization of $183.92 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 0.83 and a beta of 1.37. The business’s fifty day moving average price is $99.49 and its two-hundred day moving average price is $89.55.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating the consensus estimate of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. During the same period in the prior year, the company posted $1.51 earnings per share. Citigroup’s revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. Citigroup’s dividend payout ratio (DPR) is currently 33.71%.

Analyst Ratings Changes

A number of research analysts have recently commented on C shares. TD Cowen lifted their price objective on shares of Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Cowen reiterated a “hold” rating and set a $110.00 price target on shares of Citigroup in a report on Wednesday, October 15th. Keefe, Bruyette & Woods upped their price objective on Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Morgan Stanley raised their price objective on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $107.63.

About Citigroup

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.