4,910 Shares in Citigroup Inc. $C Acquired by Woodward Diversified Capital LLC

Key Points

• Woodward Diversified Capital LLC acquired 4,910 shares of Citigroup Inc., valued at approximately $418,000, during the second quarter.
• Goldman Sachs Group Inc. significantly increased its stake in Citigroup by 179.5%, owning over 14 million shares worth more than $1 billion.
• Citigroup recently raised its quarterly dividend from $0.56 to $0.60 per share, representing a yield of 2.4%.

Woodward Diversified Capital LLC acquired a new position in Citigroup Inc. (NYSE:C - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,910 shares of the company's stock, valued at approximately $418,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in Citigroup by 179.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company's stock worth $1,031,790,000 after buying an additional 9,334,038 shares during the period. Nuveen LLC purchased a new position in shares of Citigroup during the 1st quarter worth approximately $578,100,000. Amundi boosted its position in shares of Citigroup by 78.4% during the 1st quarter. Amundi now owns 13,713,517 shares of the company's stock worth $973,523,000 after purchasing an additional 6,026,268 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Citigroup by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company's stock worth $2,917,794,000 after purchasing an additional 2,539,769 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG boosted its position in shares of Citigroup by 2,230.8% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company's stock worth $186,726,000 after purchasing an additional 2,517,459 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on C shares. Barclays raised their price target on Citigroup from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. UBS Group restated a "neutral" rating and set a $89.00 target price on shares of Citigroup in a report on Tuesday, July 15th. Zacks Research cut Citigroup from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. TD Cowen raised their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a research note on Wednesday, July 16th. Finally, Morgan Stanley raised their price objective on shares of Citigroup from $107.00 to $129.00 and gave the company an "overweight" rating in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Citigroup currently has an average rating of "Moderate Buy" and an average target price of $99.68.

Insider Transactions at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup 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 completion of the sale, the director directly owned 2,140 shares of the company's stock, valued at $193,456. The trade was a 58.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by company insiders.

Citigroup Stock Performance

Shares of C opened at $98.72 on Thursday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The stock has a 50-day simple moving average of $96.72 and a 200-day simple moving average of $82.52. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $181.74 billion, a PE ratio of 14.58, a PEG ratio of 0.87 and a beta of 1.37.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 company had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The firm's quarterly revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

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

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