6,600 Shares in Citigroup Inc. $C Acquired by Bluefin Capital Management LLC

Key Points

• Bluefin Capital Management LLC has acquired a new position in Citigroup, purchasing 6,600 shares valued at approximately $469,000 during the first quarter.
• Citigroup has recently increased its quarterly dividend to $0.60, reflecting a positive change from the previous dividend of $0.56, resulting in a 2.5% yield.
• Analysts are optimistic about Citigroup, with Barclays raising their price target from $95.00 to $100.00 and maintaining an "overweight" rating.

Bluefin Capital Management LLC purchased a new position in shares of Citigroup Inc. (NYSE:C - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,600 shares of the company's stock, valued at approximately $469,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC raised its stake in shares of Citigroup by 11.1% during the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after buying an additional 119 shares during the last quarter. Continuum Advisory LLC increased its position in Citigroup by 1.9% during the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock worth $459,000 after purchasing an additional 120 shares in the last quarter. Solitude Financial Services increased its position in Citigroup by 0.9% during the 1st quarter. Solitude Financial Services now owns 16,496 shares of the company's stock worth $1,171,000 after purchasing an additional 140 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Citigroup by 2.1% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 6,902 shares of the company's stock worth $490,000 after purchasing an additional 142 shares in the last quarter. Finally, Insight Inv LLC increased its position in Citigroup by 0.5% during the 1st quarter. Insight Inv LLC now owns 27,268 shares of the company's stock worth $1,936,000 after purchasing an additional 146 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Trading Up 0.7%

C traded up $0.69 during midday trading on Friday, hitting $99.51. The company's stock had a trading volume of 9,502,253 shares, compared to its average volume of 12,405,087. 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 firm has a market cap of $183.19 billion, a P/E ratio of 14.70, a PEG ratio of 0.85 and a beta of 1.41. The firm has a 50-day moving average price of $93.63 and a two-hundred day moving average price of $79.86. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $99.70.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly 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 return on equity of 7.29% and a net margin of 8.44%.The firm's revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, August 4th. This is an increase from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio (DPR) is presently 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 sale, the director owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays lifted their price objective on Citigroup from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Oppenheimer lifted their price objective on Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Bank of America lifted their price objective on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. TD Cowen lifted their price objective on Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a research report on Wednesday, July 16th. Finally, Morgan Stanley lifted their price objective on Citigroup from $103.00 to $107.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $96.96.

About Citigroup

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.