Murphy Pohlad Asset Management LLC Decreases Position in Citigroup Inc. $C

Murphy Pohlad Asset Management LLC cut its stake in Citigroup Inc. (NYSE:C) by 15.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,679 shares of the company’s stock after selling 7,165 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Citigroup were worth $3,292,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of C. Private Advisory Group LLC lifted its stake in Citigroup by 20.8% in the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock worth $4,940,000 after purchasing an additional 11,978 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Citigroup by 109.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company’s stock worth $88,458,000 after purchasing an additional 649,807 shares in the last quarter. Brighton Jones LLC lifted its stake in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new stake in shares of Citigroup during the 1st quarter valued at approximately $214,000. Finally, Hayek Kallen Investment Management raised its position in shares of Citigroup by 125.0% during the 1st quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock valued at $1,103,000 after buying an additional 8,630 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Cowen reaffirmed a “hold” rating and set a $110.00 price target on shares of Citigroup in a research report on Wednesday, October 15th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $118.00 price target on shares of Citigroup in a research report on Tuesday, October 14th. Bank of America lifted their price target on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research report 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.63.

Citigroup Stock Up 1.0%

Citigroup stock opened at $100.11 on Friday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The stock’s fifty day simple moving average is $98.50 and its 200-day simple moving average is $87.09. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $184.30 billion, a P/E ratio of 14.06, a P/E/G ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 14th. The company reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. During the same period in the prior year, the company posted $1.51 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors 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 is 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.