Bourgeon Capital Management LLC Has $11.56 Million Stock Position in Citigroup Inc. $C

Key Points

• Bourgeon Capital Management LLC increased its stake in Citigroup Inc. by 100%, owning 135,800 shares valued at approximately $11.56 million, representing 2.3% of its investment portfolio.
• Citigroup recently announced a quarterly dividend increase from $0.56 to $0.60 per share, with a dividend yield of 2.3% and a payout ratio of 35.45%.
• Wall Street analysts maintain a mixed outlook on Citigroup, with ten analysts rating it as a "Buy" and an average target price of approximately $99.68.

Bourgeon Capital Management LLC raised its holdings in Citigroup Inc. (NYSE:C - Free Report) by 100.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 135,800 shares of the company's stock after buying an additional 67,888 shares during the quarter. Citigroup accounts for about 2.3% of Bourgeon Capital Management LLC's investment portfolio, making the stock its 18th largest position. Bourgeon Capital Management LLC's holdings in Citigroup were worth $11,559,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MorganRosel Wealth Management LLC acquired a new stake in shares of Citigroup during the 1st quarter worth approximately $28,000. American National Bank & Trust acquired a new stake in shares of Citigroup during the 1st quarter worth approximately $29,000. Accent Capital Management LLC grew its holdings in shares of Citigroup by 106.0% during 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 in the last quarter. Truvestments Capital LLC grew its holdings in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after purchasing an additional 246 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its stake in Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company's stock valued at $37,000 after buying an additional 467 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Buying and Selling at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the company'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 of the company's stock, valued at $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.

Citigroup Stock Down 0.3%

NYSE:C opened at $103.11 on Tuesday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. 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 stock has a market cap of $189.82 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 0.89 and a beta of 1.41. The stock has a 50-day moving average price of $96.52 and a two-hundred day moving average price of $82.27.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) 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 firm had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. The company's revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on C. Evercore ISI set a $77.00 price target on Citigroup in a research note on Monday, July 7th. Bank of America boosted their price target on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. UBS Group reiterated a "neutral" rating and issued a $89.00 price objective on shares of Citigroup in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods reiterated a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company lifted their price objective on Citigroup from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Tuesday, September 16th. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $99.68.

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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