Argentarii LLC Has $611,000 Position in Citigroup Inc. $C

Key Points

• Argentarii LLC reduced its position in Citigroup by 52.7% during the second quarter, owning 7,181 shares valued at $611,000 after selling nearly 8,000 shares.
• Citigroup's recent earnings report indicated an earnings per share of $1.96, surpassing analyst expectations, with revenues of $21.67 billion and an annualized dividend yield of 2.3%.
• Analysts' ratings for Citigroup are largely positive, with a consensus rating of "Moderate Buy" and price targets ranging from $77 to $124.

Argentarii LLC lowered its position in Citigroup Inc. (NYSE:C - Free Report) by 52.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,181 shares of the company's stock after selling 7,998 shares during the period. Argentarii LLC's holdings in Citigroup were worth $611,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Golden State Equity Partners grew its holdings in Citigroup by 0.6% during the second quarter. Golden State Equity Partners now owns 21,634 shares of the company's stock valued at $1,842,000 after purchasing an additional 122 shares during the last quarter. Oliver Luxxe Assets LLC lifted its position in Citigroup by 2.0% in the second quarter. Oliver Luxxe Assets LLC now owns 116,464 shares of the company's stock worth $9,913,000 after purchasing an additional 2,265 shares during the period. GAMMA Investing LLC lifted its position in Citigroup by 16.4% in the second quarter. GAMMA Investing LLC now owns 39,851 shares of the company's stock worth $3,392,000 after purchasing an additional 5,615 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in Citigroup by 5.3% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 37,155 shares of the company's stock worth $3,163,000 after purchasing an additional 1,886 shares during the period. Finally, Farmers & Merchants Investments Inc. lifted its position in Citigroup by 3.2% in the second quarter. Farmers & Merchants Investments Inc. now owns 91,159 shares of the company's stock worth $7,759,000 after purchasing an additional 2,864 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Stock Performance

Shares of NYSE:C opened at $103.56 on Tuesday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $103.81. The firm has a market cap of $190.64 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 0.88 and a beta of 1.41. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. The business has a fifty day moving average of $95.45 and a 200-day moving average of $81.05.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same period last year, the company posted $1.52 earnings per share. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were given a $0.60 dividend. The ex-dividend date was Monday, August 4th. This is a positive change from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. Citigroup's dividend payout ratio is 35.45%.

Analyst Ratings Changes

A number of research analysts have issued reports on C shares. Oppenheimer lifted their price objective on Citigroup from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Morgan Stanley lifted their price objective on Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Evercore ISI set a $77.00 price objective on Citigroup in a report on Monday, July 7th. UBS Group reissued a "neutral" rating and set a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Finally, Truist Financial lifted their price objective on Citigroup from $99.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and a consensus target price of $97.68.

Insider Buying and Selling

In related news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction dated 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 in the company, valued at $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is currently owned by insiders.

Citigroup 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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