Banque Transatlantique SA Makes New Investment in Citigroup Inc. $C

Key Points

• Banque Transatlantique SA made a new investment in Citigroup, purchasing 64,084 shares valued at approximately $4.2 million during the first quarter.
• Citigroup's recently reported quarterly earnings showed $1.96 earnings per share, surpassing the consensus estimate of $1.61, with revenues up 8.2% year-over-year.
• The company also announced an increase in its quarterly dividend from $0.56 to $0.60 per share, translating to an annualized yield of 2.5%.

Banque Transatlantique SA purchased a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 64,084 shares of the company's stock, valued at approximately $4,204,000.

A number of other large investors also recently bought and sold shares of C. Brighton Jones LLC raised its stake in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after purchasing an additional 12,499 shares during the last quarter. Algert Global LLC raised its stake in shares of Citigroup by 7.1% in the fourth quarter. Algert Global LLC now owns 63,247 shares of the company's stock worth $4,452,000 after purchasing an additional 4,200 shares during the last quarter. Benjamin Edwards Inc. raised its stake in shares of Citigroup by 4.4% in the fourth quarter. Benjamin Edwards Inc. now owns 12,073 shares of the company's stock worth $850,000 after purchasing an additional 512 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of Citigroup by 3.9% in the fourth quarter. Baird Financial Group Inc. now owns 362,669 shares of the company's stock worth $25,528,000 after purchasing an additional 13,518 shares during the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of Citigroup by 3.6% in the fourth quarter. Brown Advisory Inc. now owns 392,304 shares of the company's stock worth $27,614,000 after purchasing an additional 13,661 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Oppenheimer boosted their price target on Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. TD Cowen upped their price objective on Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a research report on Wednesday, July 16th. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Piper Sandler upped 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. Finally, Morgan Stanley upped their price objective on Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and a consensus price target of $96.96.

Insider Buying and Selling at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the transaction, the director directly owned 2,140 shares of the company's stock, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company's stock.

Citigroup Trading Down 1.7%

Shares of C stock traded down $1.64 during mid-day trading on Friday, reaching $95.44. The company's stock had a trading volume of 17,018,341 shares, compared to its average volume of 12,488,161. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $97.98. The firm has a market capitalization of $175.69 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 0.82 and a beta of 1.41. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The company's 50 day simple moving average is $92.56 and its 200-day simple moving average is $79.23.

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

Citigroup Increases Dividend

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

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.