Aptus Capital Advisors LLC Purchases 20,978 Shares of Citigroup Inc. $C

Key Points

• Aptus Capital Advisors LLC increased its stake in Citigroup Inc. by 11.1%, acquiring an additional 20,978 shares to reach a total of 210,577 shares valued at approximately $14.95 million.
• Institutional investors control about 71.72% of Citigroup's stock, with various other firms also increasing their positions during the quarter.
• Citigroup has increased its quarterly dividend from $0.56 to $0.60 per share, implying a 2.5% yield and indicating a strong financial position.

Aptus Capital Advisors LLC increased its holdings in Citigroup Inc. (NYSE:C - Free Report) by 11.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 210,577 shares of the company's stock after purchasing an additional 20,978 shares during the period. Aptus Capital Advisors LLC's holdings in Citigroup were worth $14,949,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in Citigroup in the 4th quarter valued at $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Citigroup during the first quarter valued at $28,000. American National Bank & Trust acquired a new stake in shares of Citigroup in the 1st quarter valued at $29,000. Accent Capital Management LLC grew its holdings in shares of 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 purchasing an additional 212 shares during the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of Citigroup during the 4th quarter worth about $34,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Truist Financial boosted their price target on shares of Citigroup from $93.00 to $99.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Dbs Bank upgraded Citigroup from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. The Goldman Sachs Group lifted their price objective on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Evercore ISI set a $77.00 target price on Citigroup in a report on Monday, July 7th. Finally, Bank of America lifted their price target on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Ten 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.54.

Citigroup Trading Down 0.7%

C stock traded down $0.6350 during midday trading on Thursday, reaching $92.5350. The company's stock had a trading volume of 17,633,063 shares, compared to its average volume of 14,261,821. The business's 50-day simple moving average is $89.04 and its 200-day simple moving average is $78.20. The company has a quick ratio of 0.99, a current 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 $96.90. The stock has a market cap of $170.35 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 0.80 and a beta of 1.38.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. The company had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. This is an increase from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. Citigroup's dividend payout ratio (DPR) is 35.45%.

Insider Activity

In other news, Director Peter B. Henry sold 3,000 shares of the business's 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 completion of the transaction, the director directly owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.