Transatlantique Private Wealth LLC Sells 825 Shares of Citigroup Inc. $C

by · The Markets Daily

Transatlantique Private Wealth LLC reduced its position in shares of Citigroup Inc. (NYSE:C – Free Report) by 4.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 16,346 shares of the company’s stock after selling 825 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Citigroup were worth $1,391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in Citigroup by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after buying an additional 2,539,769 shares during the period. Northern Trust Corp raised its holdings in 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 period. Invesco Ltd. raised its holdings in Citigroup by 3.6% during the 1st quarter. Invesco Ltd. now owns 16,839,915 shares of the company’s stock valued at $1,195,466,000 after buying an additional 592,820 shares during the period. Goldman Sachs Group Inc. raised its holdings in Citigroup by 179.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock valued at $1,031,790,000 after buying an additional 9,334,038 shares during the period. Finally, Amundi raised its holdings in Citigroup by 78.4% during the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock valued at $973,523,000 after buying an additional 6,026,268 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

C has been the topic of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price target on Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Truist Financial increased their price target on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $118.00 target price on shares of Citigroup in a research note on Tuesday, October 14th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and a consensus target price of $107.63.

Check Out Our Latest Stock Report on C

Citigroup Stock Performance

Shares of Citigroup stock opened at $101.46 on Tuesday. The firm has a market cap of $186.77 billion, a P/E ratio of 14.25, a P/E/G ratio of 0.83 and a beta of 1.37. 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 Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The stock’s fifty day moving average price is $98.75 and its 200-day moving average price is $87.96.

Citigroup (NYSE:C – Get Free Report) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 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 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be paid 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 (DPR) is currently 33.71%.

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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