Citigroup Inc. $C Stake Reduced by Brandes Investment Partners LP

Brandes Investment Partners LP lowered its stake in Citigroup Inc. (NYSE:C) by 2.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,780,651 shares of the company’s stock after selling 70,825 shares during the quarter. Citigroup accounts for 2.1% of Brandes Investment Partners LP’s portfolio, making the stock its 6th biggest position. Brandes Investment Partners LP owned 0.15% of Citigroup worth $236,690,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Piper Sandler increased their price objective on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Truist Financial raised their price target on Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Wells Fargo & Company upped their price objective on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Finally, Barclays lifted their target price on shares of Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.70.

Citigroup Stock Down 0.9%

Shares of Citigroup stock opened at $102.71 on Tuesday. The company has a 50-day simple moving average of $99.78 and a two-hundred day simple moving average of $92.35. The stock has a market capitalization of $183.78 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59. 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 announced its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.35. The company had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were paid a $0.60 dividend. The ex-dividend date was Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. Citigroup’s payout ratio 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.