11,909 Shares in Citigroup Inc. $C Purchased by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC acquired 11,909 shares of Citigroup Inc. totaling approximately $845,000 in the first quarter, indicating continued interest from hedge funds in the company's stock.
• Citigroup recently increased its quarterly dividend from $0.56 to $0.60 per share, reflecting a commitment to returning value to shareholders.
• Piper Sandler and Wells Fargo boosted their price targets for Citigroup to $104.00 and $115.00 respectively, reflecting positive sentiment among analysts with a current average rating of "Moderate Buy."

Teza Capital Management LLC purchased a new position in Citigroup Inc. (NYSE:C - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,909 shares of the company's stock, valued at approximately $845,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in shares of Citigroup in the 4th quarter worth about $28,000. MorganRosel Wealth Management LLC purchased a new position in shares of Citigroup in the 1st quarter worth about $28,000. Accent Capital Management LLC boosted its holdings in shares of Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company's stock worth $29,000 after buying an additional 212 shares during the last quarter. American National Bank & Trust purchased a new position in shares of Citigroup in the 1st quarter worth about $29,000. Finally, Truvestments Capital LLC boosted its holdings in shares of Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after buying an additional 246 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.08% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

C has been the topic of a number of research reports. Piper Sandler boosted their price objective on Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Cowen initiated coverage on Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating on the stock. Wells Fargo & Company boosted their price objective on Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Oppenheimer boosted their price objective on Citigroup from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Barclays boosted their price objective on Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $96.96.

Citigroup Trading Down 1.7%

Shares of C opened at $95.44 on Friday. The business's 50-day moving average price is $92.56 and its 200-day moving average price is $79.23. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $97.98. The stock has a market cap of $175.69 billion, a PE ratio of 14.10, a P/E/G ratio of 0.82 and a beta of 1.41. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61.

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

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders 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. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, August 4th. Citigroup's dividend payout ratio (DPR) is currently 35.45%.

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.

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