Citigroup Inc. $C Shares Acquired by Brooklyn Investment Group

Key Points

• Brooklyn Investment Group increased its holdings in Citigroup Inc. by 92.1% in Q1, acquiring an additional 5,814 shares, bringing its total to 12,124 shares valued at $861,000.
• Several institutional investors boosted their stakes in Citigroup, with Pinnacle Financial Partners increasing its position by 495.1% in Q1.
• Citigroup recently declared a quarterly dividend of $0.60, up from the previous $0.56, representing a 2.6% yield.

Brooklyn Investment Group increased its position in Citigroup Inc. (NYSE:C - Free Report) by 92.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,124 shares of the company's stock after purchasing an additional 5,814 shares during the period. Brooklyn Investment Group's holdings in Citigroup were worth $861,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of C. Brighton Jones LLC grew 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 acquiring an additional 12,499 shares during the last quarter. GeoWealth Management LLC grew its stake in shares of Citigroup by 10.2% in the fourth quarter. GeoWealth Management LLC now owns 11,338 shares of the company's stock worth $798,000 after acquiring an additional 1,050 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Citigroup by 57.6% in the fourth quarter. First Trust Advisors LP now owns 1,463,015 shares of the company's stock worth $102,982,000 after acquiring an additional 534,884 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Citigroup by 16.6% in the fourth quarter. Capital Research Global Investors now owns 3,504,500 shares of the company's stock worth $246,682,000 after acquiring an additional 500,000 shares during the last quarter. Finally, Capital International Inc. CA grew its stake in shares of Citigroup by 423.4% in the fourth quarter. Capital International Inc. CA now owns 205,672 shares of the company's stock worth $14,477,000 after acquiring an additional 166,374 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Citigroup stock traded down $0.6350 during trading hours on Thursday, hitting $92.5350. 17,633,063 shares of the stock traded hands, compared to its average volume of 15,728,550. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. The firm's 50 day moving average price is $88.75 and its 200-day moving average price is $78.11. The stock has a market capitalization of $170.35 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 0.81 and a beta of 1.38. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $96.90.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter in the prior year, the business earned $1.52 earnings per share. The company's revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, equities analysts expect 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 will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be paid a $0.60 dividend. The ex-dividend date is 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 dividend yield of 2.6%. Citigroup's dividend payout ratio (DPR) is currently 35.45%.

Analyst Ratings Changes

C has been the topic of a number of research analyst reports. Dbs Bank raised Citigroup from a "hold" rating to a "moderate buy" rating in a report on Thursday, July 17th. UBS Group reaffirmed a "neutral" rating and set a $89.00 price target on shares of Citigroup in a report on Tuesday, July 15th. Piper Sandler upped their price target on Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Wells Fargo & Company upped their price target on Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Finally, Cowen initiated coverage on Citigroup in a report on Wednesday, May 14th. They set a "hold" rating on the stock. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and an average price target of $96.54.

Insider Activity 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 value of $271,200.00. Following the sale, the director owned 2,140 shares in the company, valued at $193,456. This represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is 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.