94,278 Shares in Citigroup Inc. $C Bought by Parkwood LLC

Key Points

• Parkwood LLC acquired 94,278 shares of Citigroup Inc., valued at approximately $6.7 million, during the first quarter, as per their Form 13F filing with the SEC.
• Citigroup recently announced a quarterly dividend of $0.60 per share, marking an increase from the previous $0.56, resulting in a 2.5% yield.
• In their latest report, Citigroup reported $1.96 EPS for the quarter, exceeding analyst expectations of $1.61, with a revenue of $21.67 billion compared to estimates of $20.75 billion.

Parkwood LLC bought a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 94,278 shares of the company's stock, valued at approximately $6,693,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. True Wealth Design LLC boosted its position in shares of Citigroup by 11.1% in the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after acquiring an additional 119 shares during the last quarter. Continuum Advisory LLC boosted its position in shares of Citigroup by 1.9% in the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock worth $459,000 after acquiring an additional 120 shares during the last quarter. Solitude Financial Services increased its stake in Citigroup by 0.9% during the first quarter. Solitude Financial Services now owns 16,496 shares of the company's stock worth $1,171,000 after acquiring an additional 140 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in Citigroup by 2.1% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 6,902 shares of the company's stock worth $490,000 after acquiring an additional 142 shares during the last quarter. Finally, Insight Inv LLC increased its stake in Citigroup by 0.5% during the first quarter. Insight Inv LLC now owns 27,268 shares of the company's stock worth $1,936,000 after acquiring an additional 146 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Activity at Citigroup

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

Citigroup Stock Performance

Citigroup stock traded up $0.88 during mid-day trading on Tuesday, hitting $96.75. 1,928,455 shares of the company's stock traded hands, compared to its average volume of 15,495,294. The firm has a 50 day moving average price of $92.78 and a 200 day moving average price of $79.33. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The company has a market cap of $178.10 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.82 and a beta of 1.41. 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 announced its 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. The firm had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 EPS. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio (DPR) is presently 35.45%.

Analyst Ratings Changes

Several brokerages have commented on C. The Goldman Sachs Group upped their price target on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. UBS Group restated a "neutral" rating and set a $89.00 price objective on shares of Citigroup in a research note on Tuesday, July 15th. TD Cowen raised 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. Bank of America raised their price objective on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Finally, Morgan Stanley raised their price objective on Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $96.96.

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.