Citigroup Inc. $C is Adams Asset Advisors LLC's 10th Largest Position

Key Points

• Adams Asset Advisors LLC reduced its stake in Citigroup Inc. by 11.0%, selling 18,809 shares during the 2nd quarter, and now holds 152,433 shares, representing about 1.8% of its portfolio.
• Citigroup recently reported a strong quarterly earnings of $1.96 per share, exceeding analysts' expectations, and announced an increase in its quarterly dividend from $0.56 to $0.60.
• Analyst ratings for Citigroup have been positive, with multiple firms upgrading their ratings and target prices in recent reports, indicating strong market confidence in the stock.

Adams Asset Advisors LLC reduced its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 11.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 152,433 shares of the company's stock after selling 18,809 shares during the period. Citigroup makes up about 1.8% of Adams Asset Advisors LLC's portfolio, making the stock its 10th biggest holding. Adams Asset Advisors LLC's holdings in Citigroup were worth $12,975,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in C. Orion Capital Management LLC acquired a new position in Citigroup in the 4th quarter valued at $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Citigroup in the 1st quarter valued at $28,000. American National Bank & Trust bought a new position in shares of Citigroup in the 1st quarter valued at $29,000. Accent Capital Management LLC increased its stake in shares of Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after purchasing an additional 212 shares during the last quarter. Finally, Truvestments Capital LLC increased its stake in shares of Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company's stock valued at $31,000 after purchasing an additional 246 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Up 0.9%

C stock traded up $0.92 during trading on Tuesday, reaching $100.71. 12,302,837 shares of the stock were exchanged, compared to its average volume of 12,372,174. The firm has a market cap of $185.40 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 0.86 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. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $100.85. The firm's 50 day moving average is $94.18 and its 200 day moving average is $80.16.

Citigroup (NYSE:C - Get Free Report) last released its quarterly 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 business had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.Citigroup's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors 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 2.4%. The ex-dividend date of this dividend was Monday, August 4th. This is an increase from Citigroup's previous quarterly dividend of $0.56. Citigroup's payout ratio is currently 35.45%.

Analysts Set New Price Targets

C has been the topic of a number of research reports. Oppenheimer boosted their price objective on Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Wells Fargo & Company upped their price target on Citigroup from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Tuesday. Bank of America upped their price target on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Truist Financial upped their price target on Citigroup from $99.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Citigroup currently has an average rating of "Moderate Buy" and an average price target of $97.68.

Insider Buying and Selling

In related news, Director Peter B. Henry sold 3,000 shares of the 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 completion of the sale, the director directly owned 2,140 shares of the company's stock, valued at approximately $193,456. This represents a 58.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.08% of the company's stock.

Citigroup Company 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.