Texas Permanent School Fund Corp Lowers Stake in Citigroup Inc. $C

by · The Markets Daily

Texas Permanent School Fund Corp cut its holdings in Citigroup Inc. (NYSE:C – Free Report) by 35.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 147,982 shares of the company’s stock after selling 80,323 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Citigroup were worth $12,596,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Truvestments Capital LLC raised its stake in Citigroup by 131.6% during the 1st 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. Howard Hughes Medical Institute acquired a new position in shares of Citigroup in the second quarter valued at approximately $34,000. 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 worth $35,000 after purchasing an additional 253 shares during the last quarter. WPG Advisers LLC purchased a new position in Citigroup in the 1st quarter valued at $38,000. Finally, Legacy Investment Solutions LLC acquired a new position in Citigroup in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on C. JPMorgan Chase & Co. upgraded shares of Citigroup from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $107.00 to $124.00 in a research note on Friday. Piper Sandler set a $118.00 price objective on shares of Citigroup in a research report on Wednesday. Morgan Stanley lifted their price objective on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. The Goldman Sachs Group reiterated a “buy” rating and set a $118.00 price target on shares of Citigroup in a research report on Tuesday, October 14th. Finally, Truist Financial lifted 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. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average target price of $112.47.

View Our Latest Stock Analysis on C

Citigroup Price Performance

C opened at $111.82 on Monday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $113.43. The company’s 50 day simple moving average is $101.21 and its 200 day simple moving average is $94.53. The stock has a market capitalization of $200.07 billion, a PE ratio of 15.70, a P/E/G ratio of 0.56 and a beta of 1.21. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C – Get Free Report) last issued its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, topping the consensus estimate of $1.89 by $0.35. The firm had revenue of $22.09 billion during 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%. Citigroup’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.51 earnings per share. As a group, sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s dividend payout ratio is 33.71%.

Citigroup Company Profile

(Free Report)

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.

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