Anson Funds Management LP Invests $710,000 in Citigroup Inc. $C

Key Points

• Anson Funds Management LP invested approximately $710,000 in Citigroup Inc., acquiring 10,000 shares during the first quarter of the year.
• Citigroup recently reported $1.96 EPS for the quarter, exceeding expectations, with a year-over-year revenue increase of 8.2%.
• The company announced a quarterly dividend increase, raising it from $0.56 to $0.60 per share, which corresponds to an annualized yield of 2.5%.

Anson Funds Management LP acquired a new stake in Citigroup Inc. (NYSE:C - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,000 shares of the company's stock, valued at approximately $710,000.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after purchasing an additional 12,499 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in shares of Citigroup by 0.7% in the 4th quarter. Gotham Asset Management LLC now owns 47,770 shares of the company's stock valued at $3,363,000 after buying an additional 344 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Citigroup by 6.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,233 shares of the company's stock valued at $18,881,000 after buying an additional 16,000 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in Citigroup by 50.9% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 99,377 shares of the company's stock valued at $6,995,000 after acquiring an additional 33,532 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in shares of Citigroup by 0.3% during the fourth quarter. Nuveen Asset Management LLC now owns 13,454,775 shares of the company's stock valued at $947,082,000 after purchasing an additional 46,646 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Insiders Place Their Bets

In other news, Director Peter B. Henry sold 3,000 shares of the firm'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 completion of the transaction, the director owned 2,140 shares in the company, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Piper Sandler boosted their price objective on Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. 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. Evercore ISI set a $77.00 price objective on shares of Citigroup in a report on Monday, July 7th. Bank of America boosted their target price on shares of 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 target on shares of 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 issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $96.96.

Citigroup Stock Down 0.1%

C stock opened at $97.27 on Thursday. The firm's 50-day moving average is $93.21 and its two-hundred day moving average is $79.58. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $179.06 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 0.84 and a beta of 1.41. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $98.38.

Citigroup (NYSE:C - Get Free Report) last announced its 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. The firm had revenue of $21.67 billion for the quarter, compared to analysts' expectations of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 4th. This is an increase from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Citigroup's dividend payout ratio is presently 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.

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