Citigroup (NYSE:C) Sets New 12-Month High - Here's Why

Key Points

• Citigroup Inc. reached a new 52-week high at $103.81, with a significant trading volume of over 11 million shares.
• Analysts have generally upgraded their price targets for Citigroup, with Wells Fargo setting a new target of $125, while the consensus rating is "Moderate Buy."
• The firm recently increased its quarterly dividend from $0.56 to $0.60 per share, reflecting a commitment to returning value to shareholders.

Citigroup Inc. (NYSE:C - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $103.81 and last traded at $103.56, with a volume of 11434353 shares. The stock had previously closed at $102.68.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wells Fargo & Company boosted their price objective on Citigroup from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 16th. TD Cowen boosted their price objective on Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a research report on Wednesday, July 16th. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. UBS Group reaffirmed a "neutral" rating and issued a $89.00 price target on shares of Citigroup in a report on Tuesday, July 15th. Finally, Dbs Bank raised Citigroup from a "hold" rating to a "moderate buy" rating in a report on Thursday, July 17th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $97.68.

Citigroup Trading Up 0.9%

The company has a 50 day moving average of $95.45 and a 200 day moving average of $81.05. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The firm has a market cap of $190.64 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 0.88 and a beta of 1.41.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. The business had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.Citigroup's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were given a dividend of $0.60 per share. This is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. Citigroup's dividend payout ratio is currently 35.45%.

Insider Buying and Selling

In related news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director directly owned 2,140 shares in the company, valued at $193,456. This represents a 58.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Citigroup

Large investors have recently bought and sold shares of the business. MorganRosel Wealth Management LLC bought a new stake in Citigroup during the 1st quarter worth approximately $28,000. American National Bank & Trust bought a new position in Citigroup in the 1st quarter valued at $29,000. Accent Capital Management LLC boosted its position in Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after buying an additional 212 shares during the last quarter. Truvestments Capital LLC boosted its position in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company's stock valued at $31,000 after buying an additional 246 shares during the last quarter. Finally, Mascagni Wealth Management Inc. bought a new position in Citigroup in the 4th quarter valued at $34,000. 71.72% of the stock is currently owned by institutional investors.

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.

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