Citigroup Inc. $C Shares Sold by Triglav Investments D.O.O.

by · The Cerbat Gem

Triglav Investments D.O.O. trimmed its position in Citigroup Inc. (NYSE:C – Free Report) by 74.1% in the second quarter, Holdings Channel.com reports. The fund owned 28,674 shares of the company’s stock after selling 82,000 shares during the period. Triglav Investments D.O.O.’s holdings in Citigroup were worth $2,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in C. Price T Rowe Associates Inc. MD raised its holdings in shares of Citigroup by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock worth $2,917,794,000 after purchasing an additional 2,539,769 shares during the period. Northern Trust Corp grew its position in shares of Citigroup by 1.0% during the 1st quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock valued at $1,450,153,000 after buying an additional 195,013 shares during the last quarter. Invesco Ltd. raised its stake in Citigroup by 3.6% during the first quarter. Invesco Ltd. now owns 16,839,915 shares of the company’s stock worth $1,195,466,000 after acquiring an additional 592,820 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Citigroup by 179.5% in the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after acquiring an additional 9,334,038 shares during the last quarter. Finally, Amundi boosted its stake in 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 acquiring an additional 6,026,268 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

C opened at $101.42 on Friday. The business has a 50 day moving average price of $98.62 and a two-hundred day moving average price of $87.51. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $186.69 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59.

Citigroup (NYSE:C – Get Free Report) last issued its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.03). The firm had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be issued 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%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Dbs Bank cut Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Truist Financial increased their target price on Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Morgan Stanley boosted their price target on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” 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. Finally, Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $107.63.

View Our Latest Stock Report on Citigroup

Citigroup Profile

(Free Report)

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.

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