Beverly Hills Private Wealth LLC Sells 212 Shares of Citigroup Inc. $C

Beverly Hills Private Wealth LLC lessened its stake in shares of Citigroup Inc. (NYSE:C) by 4.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,782 shares of the company’s stock after selling 212 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Citigroup were worth $407,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Balboa Wealth Partners grew its holdings in Citigroup by 39.4% during the 2nd quarter. Balboa Wealth Partners now owns 3,955 shares of the company’s stock valued at $337,000 after buying an additional 1,117 shares in the last quarter. Calamos Wealth Management LLC grew its holdings in Citigroup by 22.1% during the 2nd quarter. Calamos Wealth Management LLC now owns 4,893 shares of the company’s stock valued at $416,000 after buying an additional 886 shares in the last quarter. Salomon & Ludwin LLC grew its holdings in Citigroup by 115.8% during the 2nd quarter. Salomon & Ludwin LLC now owns 671 shares of the company’s stock valued at $58,000 after buying an additional 360 shares in the last quarter. Forvis Mazars Wealth Advisors LLC purchased a new position in Citigroup during the 2nd quarter valued at about $201,000. Finally, Chicago Partners Investment Group LLC grew its holdings in Citigroup by 16.8% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 22,140 shares of the company’s stock valued at $1,885,000 after buying an additional 3,190 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the subject of a number of recent analyst reports. Cowen reaffirmed a “hold” rating and set a $110.00 target price on shares of Citigroup in a report on Wednesday, October 15th. The Goldman Sachs Group reissued a “buy” rating and set a $118.00 price objective on shares of Citigroup in a report on Tuesday, October 14th. Wells Fargo & Company upped their price objective 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. Oppenheimer dropped their target price on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Finally, UBS Group reissued a “neutral” rating and issued a $89.00 price target on shares of Citigroup in a research note on Tuesday, July 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $107.63.

Citigroup Stock Up 2.2%

Shares of C opened at $99.18 on Tuesday. The firm has a market cap of $182.58 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.82 and a beta of 1.37. The stock has a 50 day simple moving average of $97.72 and a two-hundred day simple moving average of $85.15. 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 Inc. has a 1 year low of $55.51 and a 1 year high of $105.59.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.03). The firm had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be paid a $0.60 dividend. 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 is currently 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.