Citigroup Inc. $C Shares Sold by Nwam LLC

Nwam LLC cut its position in shares of Citigroup Inc. (NYSE:C) by 8.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,020 shares of the company’s stock after selling 658 shares during the period. Nwam LLC’s holdings in Citigroup were worth $598,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of C. Accent Capital Management LLC grew its stake in Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the period. Truvestments Capital LLC raised its holdings in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after acquiring an additional 246 shares during the last quarter. DHJJ Financial Advisors Ltd. lifted its position in Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after buying an additional 253 shares in the last quarter. HHM Wealth Advisors LLC raised its holdings in shares of Citigroup by 805.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after acquiring an additional 467 shares during the period. Finally, WPG Advisers LLC acquired a new position in Citigroup in the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 2.0%

C opened at $102.79 on Thursday. 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. The business has a fifty day simple moving average of $99.49 and a 200-day simple moving average of $89.55. The firm has a market cap of $183.92 billion, a P/E ratio of 14.44, a P/E/G ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. During the same quarter in the prior year, the company earned $1.51 EPS. Citigroup’s revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s dividend payout ratio is currently 33.71%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on C shares. Bank of America increased their price target on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Morgan Stanley increased their price objective on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $118.00 price target on shares of Citigroup in a research note on Tuesday, October 14th. Finally, Dbs Bank cut Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $107.63.

Citigroup 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.