Citigroup Inc. $C Shares Sold by Angel Oak Capital Advisors LLC

Angel Oak Capital Advisors LLC cut its position in Citigroup Inc. (NYSE:C) by 21.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,000 shares of the company’s stock after selling 3,000 shares during the period. Citigroup accounts for 1.3% of Angel Oak Capital Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Angel Oak Capital Advisors LLC’s holdings in Citigroup were worth $936,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of C. Brighton Jones LLC raised its stake in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after buying an additional 12,499 shares in the last quarter. Sigma Planning Corp increased its holdings in shares of Citigroup by 5.7% in the 1st quarter. Sigma Planning Corp now owns 16,442 shares of the company’s stock valued at $1,167,000 after acquiring an additional 885 shares during the last quarter. Parcion Private Wealth LLC raised its position in shares of Citigroup by 91.2% during the 1st quarter. Parcion Private Wealth LLC now owns 7,648 shares of the company’s stock worth $543,000 after acquiring an additional 3,648 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in shares of Citigroup by 359.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 171,961 shares of the company’s stock worth $12,208,000 after acquiring an additional 134,515 shares in the last quarter. Finally, Napatree Capital LLC lifted its stake in Citigroup by 15.7% during the first quarter. Napatree Capital LLC now owns 4,388 shares of the company’s stock worth $312,000 after purchasing an additional 597 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Price Performance

Shares of NYSE:C opened at $100.71 on Friday. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59. The stock has a market capitalization of $180.20 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 0.83 and a beta of 1.37. The company has a 50-day simple moving average of $99.57 and a 200-day simple moving average of $89.63. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99.

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

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s dividend payout ratio is 33.71%.

Wall Street Analyst Weigh In

Several brokerages have commented on C. Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Dbs Bank downgraded shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Truist Financial lifted their price target on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Cowen reissued a “hold” rating and issued a $110.00 price target on shares of Citigroup in a research report on Wednesday, October 15th. Finally, Morgan Stanley raised their price objective on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus price target 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.