TD Asset Management Inc Has $91.22 Million Holdings in Citigroup Inc. $C

TD Asset Management Inc cut its position in Citigroup Inc. (NYSE:C) by 4.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,071,626 shares of the company’s stock after selling 49,974 shares during the quarter. TD Asset Management Inc’s holdings in Citigroup were worth $91,217,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in C. Brighton Jones LLC boosted its position in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after buying an additional 12,499 shares in the last quarter. GAMMA Investing LLC boosted its position in Citigroup by 12.7% in the first quarter. GAMMA Investing LLC now owns 34,236 shares of the company’s stock valued at $2,430,000 after buying an additional 3,855 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Citigroup by 68.8% in the first quarter. Exchange Traded Concepts LLC now owns 3,642 shares of the company’s stock valued at $259,000 after buying an additional 1,485 shares in the last quarter. Cyndeo Wealth Partners LLC boosted its position in Citigroup by 34.8% in the first quarter. Cyndeo Wealth Partners LLC now owns 9,984 shares of the company’s stock valued at $709,000 after buying an additional 2,579 shares in the last quarter. Finally, Sagespring Wealth Partners LLC boosted its position in Citigroup by 49.9% in the first quarter. Sagespring Wealth Partners LLC now owns 18,877 shares of the company’s stock valued at $1,340,000 after buying an additional 6,282 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Trading Up 3.9%

C opened at $99.83 on Wednesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $183.78 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. The firm has a 50 day simple moving average of $97.25 and a 200 day simple moving average of $84.16. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59.

Citigroup (NYSE:C) last posted its quarterly 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 business had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently declared 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s payout ratio is 35.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. TD Cowen upped their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Wednesday, July 16th. Truist Financial upped their target price on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Oppenheimer reduced their target price on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $101.25.

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.