Citigroup Inc. $C Stock Sold by Kelleher Financial Advisors

Kelleher Financial Advisors lessened its stake in Citigroup Inc. (NYSE:C) by 51.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 7,137 shares of the company’s stock after selling 7,635 shares during the period. Kelleher Financial Advisors’ holdings in Citigroup were worth $924,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CFS Investment Advisory Services LLC lifted its stake in Citigroup by 0.4% during the first quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock worth $2,336,000 after purchasing an additional 79 shares in the last quarter. Grove Bank & Trust boosted its position in shares of Citigroup by 1.8% during the third quarter. Grove Bank & Trust now owns 4,549 shares of the company’s stock worth $589,000 after buying an additional 79 shares during the period. American Trust boosted its position in shares of Citigroup by 3.6% during the second quarter. American Trust now owns 2,331 shares of the company’s stock worth $326,000 after buying an additional 80 shares during the period. Invst LLC grew its stake in shares of Citigroup by 0.8% in the second quarter. Invst LLC now owns 9,601 shares of the company’s stock valued at $1,344,000 after buying an additional 80 shares in the last quarter. Finally, Tsfg LLC grew its stake in shares of Citigroup by 4.9% in the second quarter. Tsfg LLC now owns 1,701 shares of the company’s stock valued at $238,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: China approved Citi’s wholly owned securities company, which is expected to offer brokerage, underwriting and research services. The move expands Citi’s presence in China’s capital markets and could create longer-term business opportunities. Why Is Citigroup Building A Bigger China Business Through A New Securities Unit?
• Positive Sentiment: A report on Citi’s workforce reductions, restructuring and AI investments said the initiatives target $2 billion to $2.5 billion in annual savings, which could support profitability if the bank delivers on the plan. Will Citigroup’s Cost-Cut Initiatives Boost Long-Term Profitability?
• Negative Sentiment: Media reports described a police response, including SWAT teams, to a reported shooting at Citi’s Tampa campus and urged the public to stay away. The available report did not establish further details or any effect on Citi’s operations. Citi Tampa shooting report

Citigroup Stock Performance

Shares of C stock opened at $124.72 on Thursday. The firm has a 50 day moving average of $129.50 and a two-hundred day moving average of $126.57. The stock has a market capitalization of $212.73 billion, a PE ratio of 12.17, a P/E/G ratio of 0.54 and a beta of 1.18. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. Citigroup Inc. has a 52 week low of $95.83 and a 52 week high of $147.96.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.19. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The business had revenue of $23.84 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same quarter in the prior year, the company earned $1.86 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. On average, research analysts predict that Citigroup Inc. will post 11.44 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, November 2nd. Citigroup’s payout ratio is presently 26.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Argus set a $150.00 price objective on Citigroup in a report on Wednesday, July 15th. TD Cowen lowered their target price on Citigroup from $150.00 to $148.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. Evercore set a $135.00 target price on Citigroup in a research report on Wednesday, October 14th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Citigroup in a research note on Wednesday, October 14th. Finally, Royal Bank Of Canada reduced their price target on shares of Citigroup from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $150.87.

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi’s consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.