Aberdeen Group plc Has $134.13 Million Position in Citigroup Inc. $C

Key Points

• Aberdeen Group plc increased its stake in Citigroup Inc. by 7.1%, now owning 1,575,805 shares valued at approximately $134.13 million.
• Citigroup recently declared a quarterly dividend of $0.60 per share, reflecting a positive increase from the previous $0.56, with an annualized yield of 2.6%.
• Analysts have mixed reviews on Citigroup, with eleven giving a Buy rating and seven a Hold rating, while Morgan Stanley raised its price target for the stock from $107 to $129.

Aberdeen Group plc increased its stake in Citigroup Inc. (NYSE:C - Free Report) by 7.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,575,805 shares of the company's stock after purchasing an additional 105,108 shares during the quarter. Aberdeen Group plc owned approximately 0.08% of Citigroup worth $134,133,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in C. MorganRosel Wealth Management LLC bought a new position in Citigroup in the 1st quarter worth approximately $28,000. Accent Capital Management LLC increased its position in 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 period. Truvestments Capital LLC increased its position in 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 period. DHJJ Financial Advisors Ltd. increased its position in Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company's stock worth $35,000 after buying an additional 253 shares during the period. Finally, HHM Wealth Advisors LLC increased its position in Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company's stock worth $37,000 after buying an additional 467 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the company'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 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 legal filing with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on C. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Dbs Bank downgraded Citigroup from a "moderate buy" rating to a "hold" rating in a research report on Monday, September 22nd. Zacks Research downgraded Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. Weiss Ratings restated a "buy (b)" rating on shares of Citigroup in a research report on Wednesday. Finally, Morgan Stanley boosted their price objective on Citigroup from $107.00 to $129.00 and gave the company an "overweight" rating in a research report on Monday, September 29th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $99.68.

Citigroup Stock Performance

Shares of NYSE:C opened at $93.87 on Friday. The business's fifty day moving average price is $97.00 and its two-hundred day moving average price is $83.71. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The stock has a market capitalization of $172.81 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99.

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 analysts' consensus estimates 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 business's revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts predict 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. Shareholders of record on Monday, August 4th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. This is a positive change from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. Citigroup's dividend payout ratio (DPR) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.