American Century Companies Inc. Grows Position in Citigroup Inc. $C

Key Points

• American Century Companies Inc. increased its stake in Citigroup by 5.0%, now owning 370,701 shares valued at approximately $26.32 million.
• Citigroup recently declared a quarterly dividend of $0.60 per share, representing an annualized amount of $2.40 and a dividend yield of 2.5%, increased from the previous dividend of $0.56.
• Analysts generally have a positive outlook on Citigroup, with a consensus rating of "Moderate Buy" and a price target of $96.54, as several firms have raised their price objectives on the stock.

American Century Companies Inc. raised its stake in Citigroup Inc. (NYSE:C - Free Report) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 370,701 shares of the company's stock after purchasing an additional 17,753 shares during the quarter. American Century Companies Inc.'s holdings in Citigroup were worth $26,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of C. Goldman Sachs Group Inc. grew its stake in shares of Citigroup by 179.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company's stock valued at $1,031,790,000 after purchasing an additional 9,334,038 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Citigroup in the first quarter valued at approximately $578,100,000. Northern Trust Corp boosted its stake in shares of Citigroup by 13.9% in the fourth quarter. Northern Trust Corp now owns 20,232,550 shares of the company's stock valued at $1,424,169,000 after buying an additional 2,467,958 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Citigroup by 7,899.8% in the first quarter. GAMMA Investing LLC now owns 2,430,414 shares of the company's stock valued at $172,535,000 after buying an additional 2,400,033 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Citigroup by 16.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,497,812 shares of the company's stock valued at $879,721,000 after buying an additional 1,794,597 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Peter B. Henry sold 3,000 shares of the 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 transaction, the director directly owned 2,140 shares in the company, valued at approximately $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on C. Oppenheimer lifted their price target on Citigroup from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Morgan Stanley lifted their price target on Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Bank of America lifted their price target on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Keefe, Bruyette & Woods restated a "buy" rating on shares of Citigroup in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company lifted their price target on Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. 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.com, Citigroup presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.54.

Citigroup Price Performance

Shares of NYSE:C traded up $1.45 on Wednesday, hitting $97.17. The company had a trading volume of 6,589,087 shares, compared to its average volume of 15,672,233. 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 52-week low of $55.51 and a 52-week high of $97.37. The business has a 50 day moving average of $90.12 and a 200 day moving average of $78.49. The company has a market cap of $178.87 billion, a PE ratio of 14.34, a PEG ratio of 0.82 and a beta of 1.38.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The business had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. During the same period in the prior year, the business earned $1.52 earnings per share. The business's revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were given a $0.60 dividend. This is an increase from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, August 4th. Citigroup's dividend payout ratio (DPR) is currently 35.45%.

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.