12,863 Shares in Citigroup Inc. $C Purchased by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC purchased 12,863 shares of Citigroup Inc. for approximately $913,000, marking a new position in the company during the first quarter.
• Several hedge funds, including Pinnacle Financial Partners Inc. and OVERSEA CHINESE BANKING Corp Ltd., have significantly increased their positions in Citigroup, with Pinnacle lifting its stake by 495.1%.
• Citigroup announced a quarterly dividend increase, now at $0.60 per share, reflecting a positive change from its previous $0.56, resulting in a 2.4% dividend yield.

Integrity Alliance LLC. bought a new position in Citigroup Inc. (NYSE:C - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,863 shares of the company's stock, valued at approximately $913,000.

Other hedge funds also recently made changes to their positions in the company. Private Advisory Group LLC lifted its position in shares of Citigroup by 20.8% in the first quarter. Private Advisory Group LLC now owns 69,581 shares of the company's stock worth $4,940,000 after buying an additional 11,978 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Citigroup by 109.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company's stock worth $88,458,000 after buying an additional 649,807 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after buying an additional 12,499 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new stake in shares of Citigroup in the first quarter worth about $214,000. Finally, Pinnacle Financial Partners Inc lifted its position in shares of Citigroup by 495.1% in the first quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company's stock worth $1,317,000 after buying an additional 15,436 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Citigroup

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 value of $271,200.00. Following the transaction, the director owned 2,140 shares of the company's stock, valued at $193,456. This represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on C shares. Barclays upped their price objective on Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Evercore ISI set a $77.00 price objective on Citigroup in a research report on Monday, July 7th. Keefe, Bruyette & Woods restated a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. The Goldman Sachs Group upped their price objective on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, TD Cowen upped their price objective on Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a research report on Wednesday, July 16th. Ten equities 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.96.

Citigroup Trading Up 1.7%

C opened at $98.79 on Friday. The stock has a market cap of $181.86 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 0.83 and a beta of 1.41. The stock's 50 day moving average price is $93.41 and its 200-day moving average price is $79.72. Citigroup Inc. has a one year low of $55.51 and a one year high of $99.04. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.35. The firm had revenue of $21.67 billion for the quarter, compared to analysts' expectations of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 earnings per share. 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 year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were paid a dividend of $0.60 per share. This is a positive change from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup's payout ratio is currently 35.45%.

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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