LGL Partners LLC Invests $219,000 in Citigroup Inc. $C

Key Points

• LGL Partners LLC has acquired 3,085 shares of Citigroup Inc., worth approximately $219,000, marking a new investment in the company.
• Several hedge funds have increased their stakes in Citigroup, with Focus Partners Advisor Solutions LLC raising theirs by 60.8% and Graham Capital Management L.P. by 341.9% in the first quarter.
• Analysts recently adjusted their price targets for Citigroup, with Wells Fargo raising it from $110 to $115, reflecting growing investor confidence in the stock.

LGL Partners LLC bought a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,085 shares of the company's stock, valued at approximately $219,000.

Other large investors have also bought and sold shares of the company. Orion Capital Management LLC purchased a new position in Citigroup during the fourth quarter worth about $28,000. MorganRosel Wealth Management LLC purchased a new position in shares of Citigroup in the 1st quarter worth approximately $28,000. American National Bank & Trust bought a new position in shares of Citigroup in the first quarter valued at approximately $29,000. Accent Capital Management LLC increased its position in shares of Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after acquiring an additional 212 shares during the last quarter. Finally, Truvestments Capital LLC lifted its holdings in Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after acquiring an additional 246 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Insider Transactions at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the transaction, the director owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.08% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. UBS Group reaffirmed a "neutral" rating and issued a $89.00 price objective on shares of Citigroup in a research report on Tuesday, July 15th. Truist Financial boosted their target price on shares of Citigroup from $99.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday. Bank of America raised their price target on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. 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 note 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $96.96.

Citigroup Stock Performance

Shares of NYSE C traded down $1.64 during midday trading on Friday, hitting $95.44. The company's stock had a trading volume of 17,018,341 shares, compared to its average volume of 12,488,161. The firm has a market capitalization of $175.69 billion, a price-to-earnings ratio of 14.10, a P/E/G ratio of 0.84 and a beta of 1.41. 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 stock has a fifty day moving average price of $92.56 and a 200 day moving average price of $79.26. Citigroup Inc. has a one year low of $55.51 and a one year high of $97.98.

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

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 4th. This is a positive change from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio is presently 35.45%.

Citigroup 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.