First Interstate Bank Sells 759 Shares of Citigroup Inc. $C

First Interstate Bank lowered its holdings in shares of Citigroup Inc. (NYSE:C) by 1.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 48,071 shares of the company’s stock after selling 759 shares during the period. First Interstate Bank’s holdings in Citigroup were worth $4,092,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of C. MorganRosel Wealth Management LLC bought a new position in shares of Citigroup during the first quarter valued at $28,000. Accent Capital Management LLC raised its stake in shares of Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the last quarter. Truvestments Capital LLC raised its stake in shares of Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after acquiring an additional 246 shares during the last quarter. DHJJ Financial Advisors Ltd. raised its stake in shares of Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after acquiring an additional 253 shares during the last quarter. Finally, HHM Wealth Advisors LLC raised its stake in shares of Citigroup by 805.2% during the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after acquiring an additional 467 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 0.9%

NYSE:C opened at $97.10 on Monday. The stock has a market capitalization of $178.75 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.82 and a beta of 1.37. The firm has a fifty day simple moving average of $97.59 and a two-hundred day simple moving average of $84.86. Citigroup Inc. has a 12 month low of $55.51 and a 12 month 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.

Citigroup (NYSE:C) last issued its quarterly earnings data 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). The business had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

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

Analysts Set New Price Targets

C has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. The Goldman Sachs Group reiterated a “buy” rating and set a $118.00 price objective on shares of Citigroup in a research report on Tuesday, October 14th. UBS Group reiterated a “neutral” rating and set a $89.00 price objective on shares of Citigroup in a research report on Tuesday, July 15th. Piper Sandler increased their price objective on shares of Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Barclays increased their price objective on shares of Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.63.

Citigroup Company 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.