Citigroup Inc. $C Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG trimmed its position in shares of Citigroup Inc. (NYSE:C) by 66.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,434 shares of the company’s stock after selling 48,534 shares during the period. Raiffeisen Bank International AG’s holdings in Citigroup were worth $2,019,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Generali Investments Management Co LLC grew its stake in shares of Citigroup by 6.6% during the second quarter. Generali Investments Management Co LLC now owns 48,379 shares of the company’s stock valued at $4,112,000 after acquiring an additional 2,989 shares in the last quarter. Westpac Banking Corp lifted its stake in shares of Citigroup by 4.5% in the second quarter. Westpac Banking Corp now owns 217,077 shares of the company’s stock worth $18,478,000 after acquiring an additional 9,435 shares in the last quarter. Western Wealth Management LLC boosted its holdings in Citigroup by 14.5% in the second quarter. Western Wealth Management LLC now owns 11,952 shares of the company’s stock valued at $1,017,000 after purchasing an additional 1,512 shares during the last quarter. MTM Investment Management LLC purchased a new stake in Citigroup during the 2nd quarter worth approximately $43,000. Finally, Kingsview Wealth Management LLC raised its position in shares of Citigroup by 2.0% in the 2nd quarter. Kingsview Wealth Management LLC now owns 27,801 shares of the company’s stock valued at $2,366,000 after purchasing an additional 541 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. The Goldman Sachs Group reiterated a “buy” rating and set a $118.00 price objective on shares of Citigroup in a research note on Tuesday, October 14th. Cowen reissued a “hold” rating and set a $110.00 price objective on shares of Citigroup in a report on Wednesday, October 15th. Morgan Stanley upped their target price on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, Oppenheimer decreased their price target on Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.63.

Citigroup Trading Down 2.1%

Citigroup stock opened at $98.19 on Tuesday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The firm’s 50-day moving average is $99.71 and its 200-day moving average is $90.36. 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 company has a market cap of $175.68 billion, a P/E ratio of 13.79, a PEG ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. During the same quarter in the prior year, the business earned $1.51 earnings per share. Citigroup’s quarterly revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is 33.71%.

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.