Angeles Wealth Management LLC Has $386,000 Stock Holdings in Citigroup Inc. $C

Angeles Wealth Management LLC decreased its position in shares of Citigroup Inc. (NYSE:C) by 11.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,531 shares of the company’s stock after selling 573 shares during the quarter. Angeles Wealth Management LLC’s holdings in Citigroup were worth $386,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of C. Brighton Jones LLC raised its position in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Citigroup by 12.7% during the 1st quarter. GAMMA Investing LLC now owns 34,236 shares of the company’s stock valued at $2,430,000 after acquiring an additional 3,855 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Citigroup by 68.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 3,642 shares of the company’s stock valued at $259,000 after acquiring an additional 1,485 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of Citigroup by 102.2% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 22,732 shares of the company’s stock valued at $1,608,000 after acquiring an additional 11,492 shares during the last quarter. Finally, Premier Path Wealth Partners LLC raised its position in shares of Citigroup by 1.7% during the 1st quarter. Premier Path Wealth Partners LLC now owns 14,485 shares of the company’s stock valued at $1,028,000 after acquiring an additional 243 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on C. Barclays upped their target price on shares of Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday. Truist Financial upped their target price on shares of Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Cowen restated a “hold” rating and issued a $110.00 price objective on shares of Citigroup in a research report on Wednesday. Finally, Wells Fargo & Company upped their price objective on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.63.

Citigroup Price Performance

C opened at $97.10 on Friday. The stock has a market cap of $178.75 billion, a P/E ratio of 13.64, a P/E/G ratio of 0.81 and a beta of 1.37. The company has a quick ratio of 0.99, a current 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 company has a fifty day simple moving average of $97.59 and a 200 day simple moving average of $84.62.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). The company had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.Citigroup’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, research analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Citigroup’s dividend payout ratio is presently 33.71%.

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.