Brasada Capital Management LP Makes New $710,000 Investment in Citigroup Inc. $C

Key Points

• Brasada Capital Management LP has made a new investment of approximately $710,000 in Citigroup Inc., acquiring 10,000 shares during the first quarter.
• A recent report highlights that analysts have raised price targets for Citigroup, with Bank of America setting a new target at $100.00 and Wells Fargo raising it to $115.00.
• Citigroup has announced an increase in its quarterly dividend to $0.60 per share, representing an annual yield of 2.5%.

Brasada Capital Management LP bought a new position in shares of Citigroup Inc. (NYSE:C - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,000 shares of the company's stock, valued at approximately $710,000.

A number of other institutional investors have also recently bought and sold shares of C. Orion Capital Management LLC acquired a new stake in Citigroup during the 4th quarter worth $28,000. MorganRosel Wealth Management LLC acquired a new stake in Citigroup during the 1st quarter worth $28,000. American National Bank & Trust acquired a new stake in Citigroup during the 1st quarter worth $29,000. Accent Capital Management LLC grew its holdings in 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 acquiring an additional 212 shares during the period. Finally, Truvestments Capital LLC grew its holdings in Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after acquiring an additional 246 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on C shares. Cowen started coverage on shares of Citigroup in a report on Wednesday, May 14th. They set a "hold" rating for the company. Bank of America lifted their target price on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Piper Sandler boosted their price target on shares of Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Dbs Bank upgraded shares of Citigroup from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. Finally, Wells Fargo & Company upped their price objective on shares of Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.54.

Citigroup Price Performance

Shares of NYSE C opened at $96.54 on Friday. The firm has a market cap of $177.72 billion, a PE ratio of 14.26, a PEG ratio of 0.83 and a beta of 1.38. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $97.49. The company has a fifty day moving average price of $91.23 and a 200 day moving average price of $78.84.

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, topping analysts' consensus estimates of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. Research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

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

Insiders Place Their Bets

In related news, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction on 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. This represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.08% of the company's stock.

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.

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