AG2R LA Mondiale Gestion D Actifs Makes New $5.27 Million Investment in Citigroup Inc. $C

Key Points

• AG2R LA Mondiale Gestion D Actifs has invested approximately $5.27 million in Citigroup Inc., acquiring 69,962 shares in the first quarter.
• Citigroup recently reported an EPS of $1.96 for the last quarter, exceeding estimates and indicating a year-over-year revenue increase of 8.2%.
• The company has increased its quarterly dividend from $0.56 to $0.60 per share, reflecting confidence in its financial stability.

AG2R LA Mondiale Gestion D Actifs bought a new position in shares of Citigroup Inc. (NYSE:C - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 69,962 shares of the company's stock, valued at approximately $5,270,000.

Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in Citigroup during the 4th quarter worth $28,000. MorganRosel Wealth Management LLC acquired a new stake in Citigroup during the 1st quarter worth $28,000. American National Bank & Trust acquired a new stake in Citigroup during the 1st quarter worth $29,000. Accent Capital Management LLC grew its holdings in Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company's stock worth $29,000 after acquiring an additional 212 shares during the period. Finally, Truvestments Capital LLC grew its holdings 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 buying an additional 246 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Trading Up 1.7%

C opened at $98.79 on Friday. The stock has a market capitalization of $181.86 billion, a P/E ratio of 14.59, a P/E/G ratio of 0.83 and a beta of 1.41. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $99.04. The firm's fifty day simple moving average is $93.41 and its 200 day simple moving average is $79.72. 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 (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. 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 previous year, the firm posted $1.52 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Citigroup Inc. will post 7.53 EPS 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 given a dividend of $0.60 per share. This is a boost 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 annualized dividend and a yield of 2.4%. Citigroup's payout ratio is presently 35.45%.

Insider Buying and Selling

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following 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 SEC, which is available through this link. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

C has been the subject of several research analyst reports. Bank of America boosted their price target on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. UBS Group reissued a "neutral" rating and issued a $89.00 price target on shares of Citigroup in a report on Tuesday, July 15th. Evercore ISI set a $77.00 price target on shares of Citigroup in a report on Monday, July 7th. TD Cowen boosted their price target on shares of Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a report on Wednesday, July 16th. Finally, Piper Sandler boosted their price objective on shares of Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Citigroup has an average rating of "Moderate Buy" and an average price target of $96.96.

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.

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