Citigroup Inc. $C Shares Sold by Texas Bank & Trust Co

Texas Bank & Trust Co lowered its holdings in Citigroup Inc. (NYSE:C) by 13.7% during the second quarter, HoldingsChannel reports. The fund owned 5,748 shares of the company’s stock after selling 910 shares during the period. Texas Bank & Trust Co’s holdings in Citigroup were worth $489,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after buying an additional 12,499 shares during the last quarter. Mutual Advisors LLC grew its position in shares of Citigroup by 2.7% in the 1st quarter. Mutual Advisors LLC now owns 18,062 shares of the company’s stock valued at $1,236,000 after buying an additional 481 shares during the last quarter. Brookstone Capital Management raised its stake in Citigroup by 57.3% during the 1st quarter. Brookstone Capital Management now owns 56,674 shares of the company’s stock worth $4,023,000 after acquiring an additional 20,640 shares in the last quarter. Capital Investment Advisory Services LLC lifted its position in Citigroup by 6.4% in the first quarter. Capital Investment Advisory Services LLC now owns 6,092 shares of the company’s stock valued at $432,000 after acquiring an additional 366 shares during the last quarter. Finally, World Investment Advisors boosted its stake in Citigroup by 25.9% in the first quarter. World Investment Advisors now owns 33,614 shares of the company’s stock valued at $2,386,000 after acquiring an additional 6,908 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on C shares. Piper Sandler lifted their target price on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Truist Financial lifted their price target on Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Dbs Bank cut Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $118.00 price target on shares of Citigroup in a research report on Tuesday, October 14th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $107.63.

Citigroup Trading Up 1.2%

NYSE:C opened at $101.42 on Monday. 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. The stock’s 50 day simple moving average is $98.62 and its 200-day simple moving average is $87.69. The firm has a market cap of $186.69 billion, a P/E ratio of 14.24, a PEG 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). The firm had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Equities analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s payout ratio is 33.71%.

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.