Citigroup Inc. $C Shares Sold by Arjuna Capital

Arjuna Capital decreased its holdings in Citigroup Inc. (NYSE:C) by 6.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,475 shares of the company’s stock after selling 1,070 shares during the quarter. Arjuna Capital’s holdings in Citigroup were worth $1,402,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Accent Capital Management LLC boosted its stake in shares of Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares in the last quarter. Truvestments Capital LLC lifted its holdings in shares of Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares during the last quarter. DHJJ Financial Advisors Ltd. boosted its position in shares of Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after purchasing an additional 253 shares during the period. WPG Advisers LLC purchased a new position in Citigroup in the 1st quarter worth about $38,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Citigroup during the 2nd quarter worth about $38,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 0.9%

Citigroup stock opened at $102.71 on Tuesday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $183.78 billion, a PE ratio of 14.43, a P/E/G ratio of 0.83 and a beta of 1.37. The firm’s 50 day moving average price is $99.78 and its two-hundred day moving average price is $92.35.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating 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 company had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. During the same quarter last year, the business posted $1.51 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were paid a $0.60 dividend. The ex-dividend date was Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. Citigroup’s payout ratio is 33.71%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $118.00 target price on shares of Citigroup in a report on Tuesday, October 14th. Bank of America raised their price objective on shares of Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Cowen reiterated a “hold” rating and set a $110.00 price objective on shares of Citigroup in a research report on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. Finally, Truist Financial raised 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. Eleven investment 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $108.70.

About Citigroup

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.