HBK Sorce Advisory LLC Has $1.15 Million Stake in Citigroup Inc. $C

HBK Sorce Advisory LLC decreased its stake in Citigroup Inc. (NYSE:C) by 4.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 13,528 shares of the company’s stock after selling 558 shares during the period. HBK Sorce Advisory LLC’s holdings in Citigroup were worth $1,151,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Private Advisory Group LLC raised its position in Citigroup by 20.8% in the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock valued at $4,940,000 after purchasing an additional 11,978 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in Citigroup by 109.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company’s stock valued at $88,458,000 after purchasing an additional 649,807 shares during the last quarter. Brighton Jones LLC raised its position in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,499 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new stake in shares of Citigroup during the first quarter worth $214,000. Finally, Hayek Kallen Investment Management raised its position in shares of Citigroup by 125.0% during the first quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock worth $1,103,000 after acquiring an additional 8,630 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Up 1.0%

NYSE:C opened at $100.11 on Friday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. The stock has a market cap of $184.30 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.83 and a beta of 1.37. The stock has a 50-day moving average price of $98.50 and a two-hundred day moving average price of $87.09.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). 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 analyst estimates of $20.92 billion. During the same period in the previous year, the firm posted $1.51 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be given 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 currently 33.71%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on C shares. Morgan Stanley boosted their target price on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Wells Fargo & Company boosted their target price on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Keefe, Bruyette & Woods boosted their target price on Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Evercore ISI set a $77.00 target price on Citigroup in a research report on Monday, July 7th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $118.00 target price on shares of Citigroup in a research report on Tuesday, October 14th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus target price of $107.63.

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.