Citigroup Inc. $C Shares Sold by Trustmark Bank Trust Department

Trustmark Bank Trust Department trimmed its position in shares of Citigroup Inc. (NYSE:C) by 4.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,807 shares of the company’s stock after selling 5,614 shares during the quarter. Trustmark Bank Trust Department’s holdings in Citigroup were worth $9,517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Onyx Bridge Wealth Group LLC grew its holdings in shares of Citigroup by 3.6% in the second quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock valued at $265,000 after purchasing an additional 109 shares in the last quarter. Fullcircle Wealth LLC boosted its position in Citigroup by 0.9% in the 2nd quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock valued at $1,206,000 after buying an additional 111 shares during the period. Secure Asset Management LLC grew its stake in shares of Citigroup by 3.7% in the second quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock worth $280,000 after acquiring an additional 118 shares in the last quarter. Golden State Equity Partners grew its stake in shares of Citigroup by 0.6% in the second quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock worth $1,842,000 after acquiring an additional 122 shares in the last quarter. Finally, Altman Advisors Inc. increased its position in shares of Citigroup by 0.4% during the second quarter. Altman Advisors Inc. now owns 30,979 shares of the company’s stock worth $2,673,000 after acquiring an additional 127 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Price Performance

C stock opened at $103.84 on Friday. The business has a 50 day moving average price of $99.79 and a 200 day moving average price of $92.04. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The stock has a market cap of $185.79 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating the consensus estimate of $1.89 by $0.35. The company 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 revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is currently 33.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on C shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $118.00 target price on shares of Citigroup in a report on Tuesday, October 14th. UBS Group reiterated a “neutral” rating and issued a $108.00 price objective on shares of Citigroup in a research note on Monday, November 24th. Barclays upped their target price on shares of Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Cowen reiterated a “hold” rating and issued a $110.00 price target on shares of Citigroup in a research note on Wednesday, October 15th. Finally, Morgan Stanley boosted their price target on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $108.70.

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.