Golden State Wealth Management LLC Lowers Holdings in Citigroup Inc. $C

by · The Cerbat Gem

Golden State Wealth Management LLC trimmed its holdings in shares of Citigroup Inc. (NYSE:C – Free Report) by 19.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,286 shares of the company’s stock after selling 563 shares during the period. Golden State Wealth Management LLC’s holdings in Citigroup were worth $195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in Citigroup by 68.2% in the first quarter. Cornerstone Planning Group LLC now owns 577 shares of the company’s stock worth $38,000 after purchasing an additional 234 shares during the last quarter. Rehmann Capital Advisory Group increased its position in shares of Citigroup by 3.5% during the first quarter. Rehmann Capital Advisory Group now owns 7,530 shares of the company’s stock worth $535,000 after purchasing an additional 252 shares in the last quarter. Leavell Investment Management Inc. boosted its position in shares of Citigroup by 296.5% in the 1st quarter. Leavell Investment Management Inc. now owns 14,405 shares of the company’s stock worth $1,023,000 after purchasing an additional 10,772 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in Citigroup by 4.7% during the 1st quarter. Cerity Partners LLC now owns 925,613 shares of the company’s stock worth $65,709,000 after buying an additional 41,653 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on C shares. Morgan Stanley lifted their target price on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Oppenheimer decreased their price target on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. TD Cowen boosted their price objective on shares of Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Wells Fargo & Company boosted their price target on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $107.63.

Check Out Our Latest Analysis on C

Citigroup Stock Performance

C opened at $100.74 on Friday. The firm has a fifty day moving average price of $99.12 and a 200 day moving average price of $88.67. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The stock has a market cap of $185.45 billion, a P/E ratio of 14.15, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C – Get Free Report) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share 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 business had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. During the same quarter in the prior year, the firm posted $1.51 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced 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. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s dividend payout ratio is presently 33.71%.

About Citigroup

(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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