Heritage Investors Management Corp Decreases Stake in Citigroup Inc. $C

Heritage Investors Management Corp decreased its position in Citigroup Inc. (NYSE:C) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 315,667 shares of the company’s stock after selling 5,654 shares during the period. Heritage Investors Management Corp’s holdings in Citigroup were worth $26,870,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in C. Goldman Sachs Group Inc. increased its stake in Citigroup by 179.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock valued at $1,031,790,000 after buying an additional 9,334,038 shares during the last quarter. Nuveen LLC purchased a new stake in Citigroup in the 1st quarter valued at about $578,100,000. Amundi increased its stake in Citigroup by 78.4% in the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock valued at $973,523,000 after buying an additional 6,026,268 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Citigroup by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after buying an additional 2,539,769 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG increased its stake in Citigroup by 2,230.8% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock valued at $186,726,000 after buying an additional 2,517,459 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 2.2%

C opened at $99.16 on Thursday. The company has a 50 day moving average of $98.35 and a 200 day moving average of $87.00. The company has a market cap of $182.54 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 0.85 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 current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.03). Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. During the same period in the previous year, the business earned $1.51 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is presently 33.71%.

Analyst Ratings Changes

Several brokerages have recently issued reports on C. Evercore ISI set a $77.00 price target on shares of Citigroup in a research note on Monday, July 7th. Morgan Stanley raised their price target on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Barclays raised their price target on shares of Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, October 8th. Finally, UBS Group restated a “neutral” rating and set a $89.00 price target on shares of Citigroup in a research note on Tuesday, July 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus target price of $107.63.

Citigroup 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.