Levin Capital Strategies L.P. Sells 235,642 Shares of Citigroup Inc. $C

Levin Capital Strategies L.P. reduced its holdings in shares of Citigroup Inc. (NYSE:C) by 51.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 225,700 shares of the company’s stock after selling 235,642 shares during the quarter. Citigroup accounts for about 1.9% of Levin Capital Strategies L.P.’s holdings, making the stock its 17th biggest holding. Levin Capital Strategies L.P.’s holdings in Citigroup were worth $19,212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of C. Goldman Sachs Group Inc. lifted its position in shares of Citigroup by 179.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after buying an additional 9,334,038 shares during the last quarter. Nuveen LLC bought a new stake in shares of Citigroup during the 1st quarter worth $578,100,000. Amundi lifted its position in shares of Citigroup by 78.4% during the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after buying an additional 6,026,268 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of 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 worth $2,917,794,000 after buying an additional 2,539,769 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG raised its position in Citigroup by 2,230.8% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock valued at $186,726,000 after purchasing an additional 2,517,459 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Cowen reiterated a “hold” rating and issued a $110.00 target price on shares of Citigroup in a research report on Wednesday, October 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $118.00 target price on shares of Citigroup in a research report on Tuesday, October 14th. Evercore ISI set a $77.00 target price on Citigroup in a research report on Monday, July 7th. Wells Fargo & Company increased 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. Finally, Wall Street Zen raised Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus price target of $107.63.

Citigroup Trading Up 0.2%

NYSE C opened at $101.46 on Tuesday. The business has a 50 day simple moving average of $98.75 and a 200 day simple moving average of $87.96. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59. The stock has a market capitalization 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 debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last released its 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). Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. During the same period in the prior year, the business earned $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. Research analysts expect 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. Investors of record on Monday, November 3rd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is currently 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.