Stevens Capital Management LP Cuts Stock Holdings in Citigroup Inc. $C

Stevens Capital Management LP reduced its holdings in shares of Citigroup Inc. (NYSE:C) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,588 shares of the company’s stock after selling 793 shares during the quarter. Stevens Capital Management LP’s holdings in Citigroup were worth $1,667,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mufg Securities Americas Inc. increased its position in shares of Citigroup by 20.8% during the second quarter. Mufg Securities Americas Inc. now owns 44,781 shares of the company’s stock valued at $3,812,000 after buying an additional 7,719 shares during the period. Evelyn Partners Investment Management LLP boosted its holdings in shares of Citigroup by 15,409.5% in the 2nd quarter. Evelyn Partners Investment Management LLP now owns 32,570 shares of the company’s stock worth $2,772,000 after purchasing an additional 32,360 shares in the last quarter. Evelyn Partners Investment Management Europe Ltd grew its position in Citigroup by 98.3% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 2,730 shares of the company’s stock valued at $232,000 after acquiring an additional 1,353 shares during the last quarter. Journey Strategic Wealth LLC raised its position in Citigroup by 58.7% in the 2nd quarter. Journey Strategic Wealth LLC now owns 11,801 shares of the company’s stock worth $1,004,000 after purchasing an additional 4,364 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Citigroup by 2.2% in the 2nd quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock valued at $2,748,571,000 after acquiring an additional 679,967 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

C has been the topic of a number of recent analyst reports. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Bank of America lifted their target price on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Oppenheimer cut their price objective on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday. Piper Sandler lifted their target price on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, Dbs Bank downgraded shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.43.

Citigroup Price Performance

Citigroup stock opened at $98.68 on Friday. The firm has a market capitalization of $176.56 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The firm has a 50-day moving average price of $99.74 and a 200-day moving average price of $90.87. 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.

Citigroup (NYSE:C) last posted its quarterly 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. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm 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 business posted $1.51 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. 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.