Savant Capital LLC Trims Position in Citigroup Inc. $C

Savant Capital LLC lowered its position in shares of Citigroup Inc. (NYSE:C) by 14.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,835 shares of the company’s stock after selling 21,900 shares during the quarter. Savant Capital LLC’s holdings in Citigroup were worth $10,711,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Twin Capital Management Inc. grew its position in shares of Citigroup by 2.3% in the second quarter. Twin Capital Management Inc. now owns 48,991 shares of the company’s stock valued at $4,170,000 after purchasing an additional 1,105 shares during the period. Andra AP fonden boosted its stake in Citigroup by 1.7% in the 2nd quarter. Andra AP fonden now owns 369,000 shares of the company’s stock worth $31,409,000 after buying an additional 6,100 shares during the last quarter. Ethos Financial Group LLC grew its holdings in Citigroup by 6.1% in the 2nd quarter. Ethos Financial Group LLC now owns 5,924 shares of the company’s stock valued at $504,000 after buying an additional 341 shares during the period. Sound Shore Management Inc CT grew its holdings in Citigroup by 3.5% in the 2nd quarter. Sound Shore Management Inc CT now owns 1,405,016 shares of the company’s stock valued at $119,595,000 after buying an additional 47,118 shares during the period. Finally, Trivest Advisors Ltd acquired a new position in shares of Citigroup during the 2nd quarter valued at about $16,037,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on C. Oppenheimer cut their price target on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Barclays lifted their target price on Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Wall Street Zen upgraded Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Truist Financial lifted their price objective on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Finally, Wells Fargo & Company increased their target price on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $107.63.

Citigroup Stock Down 0.1%

Shares of NYSE:C opened at $100.74 on Friday. The company has a market capitalization of $185.45 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a 50 day moving average of $99.12 and a two-hundred day moving average of $88.67. Citigroup Inc. has a 52-week low of $55.51 and a 52-week 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 earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. The business had revenue of $22.09 billion for 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 revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

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