Intellectus Partners LLC Sells 919 Shares of Citigroup Inc. $C

Intellectus Partners LLC trimmed its stake in Citigroup Inc. (NYSE:C) by 9.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,361 shares of the company’s stock after selling 919 shares during the period. Intellectus Partners LLC’s holdings in Citigroup were worth $712,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of C. Brighton Jones LLC grew its position 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 acquiring an additional 12,499 shares during the period. Capital Investment Advisory Services LLC grew its holdings in shares of Citigroup by 6.4% during the first quarter. Capital Investment Advisory Services LLC now owns 6,092 shares of the company’s stock worth $432,000 after purchasing an additional 366 shares during the last quarter. World Investment Advisors grew its holdings in shares of Citigroup by 25.9% during the first quarter. World Investment Advisors now owns 33,614 shares of the company’s stock worth $2,386,000 after purchasing an additional 6,908 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Citigroup by 126.9% during the first quarter. Concurrent Investment Advisors LLC now owns 39,657 shares of the company’s stock worth $2,815,000 after purchasing an additional 22,182 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. grew its holdings in shares of Citigroup by 15.2% during the first quarter. McGlone Suttner Wealth Management Inc. now owns 3,463 shares of the company’s stock worth $246,000 after purchasing an additional 457 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Price Performance

Citigroup stock opened at $101.46 on Tuesday. The business’s 50-day simple moving average is $98.75 and its 200 day simple moving average is $87.96. The stock has a market cap of $186.77 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 0.83 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 quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.03). The firm 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%. Citigroup’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

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

Analysts Set New Price Targets

C has been the topic of several research analyst reports. Morgan Stanley increased their target price on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. TD Cowen increased their target price on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Dbs Bank cut Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. UBS Group restated a “neutral” rating and set a $89.00 target price on shares of Citigroup in a report on Tuesday, July 15th. Finally, Barclays increased their target price on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $107.63.

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.