Claro Advisors LLC Sells 3,713 Shares of Citigroup Inc. $C

Claro Advisors LLC lowered its position in Citigroup Inc. (NYSE:C) by 44.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,670 shares of the company’s stock after selling 3,713 shares during the period. Claro Advisors LLC’s holdings in Citigroup were worth $397,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Citigroup by 6.6% in the first 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 acquiring an additional 2,539,769 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Citigroup by 1.0% in the first quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock valued at $1,450,153,000 after purchasing an additional 195,013 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Citigroup by 3.6% in the first quarter. Invesco Ltd. now owns 16,839,915 shares of the company’s stock valued at $1,195,466,000 after purchasing an additional 592,820 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Citigroup by 179.5% in the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock valued at $1,031,790,000 after purchasing an additional 9,334,038 shares in the last quarter. Finally, Amundi increased its holdings in shares of Citigroup by 78.4% in the first quarter. Amundi now owns 13,713,517 shares of the company’s stock valued at $973,523,000 after purchasing an additional 6,026,268 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on C. Cowen reissued a “hold” rating and issued a $110.00 price target on shares of Citigroup in a report on Wednesday, October 15th. TD Cowen raised their price target on shares of Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Bank of America raised their price target on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Piper Sandler raised their price target on shares of Citigroup from $107.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.63.

Citigroup Trading Up 0.7%

C opened at $101.71 on Thursday. The stock has a market capitalization of $187.24 billion, a P/E ratio of 14.29, 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 firm’s fifty day simple moving average is $98.95 and its 200 day simple moving average is $88.32. 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 posted its quarterly earnings data on Tuesday, October 14th. The company reported $1.86 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.03). 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 company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be given 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 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.