Citigroup Inc. $C Stock Position Raised by Capital Analysts LLC

Key Points

• Capital Analysts LLC increased its stake in Citigroup Inc. by 2.1%, holding 231,071 shares valued at $16.40 million as of the end of the first quarter.
• Goldman Sachs significantly raised its holdings by 179.5% to 14.5 million shares, while other investors such as Nuveen LLC and GAMMA Investing LLC also expanded their positions in Citigroup.
• Citigroup recently reported an EPS of $1.96 for the quarter, exceeding expectations, and announced a quarterly dividend increase to $0.60 per share.

Capital Analysts LLC grew its position in Citigroup Inc. (NYSE:C - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 231,071 shares of the company's stock after purchasing an additional 4,643 shares during the period. Capital Analysts LLC's holdings in Citigroup were worth $16,404,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in Citigroup in the 4th quarter worth about $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Citigroup in the first quarter valued at approximately $28,000. American National Bank & Trust bought a new position in shares of Citigroup in the first quarter valued at approximately $29,000. Accent Capital Management LLC boosted its holdings in shares of Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after acquiring an additional 212 shares in the last quarter. Finally, Mascagni Wealth Management Inc. bought a new position in shares of Citigroup in the fourth quarter valued at approximately $34,000. Institutional investors own 71.72% of the company's stock.

Citigroup Price Performance

C stock traded up $2.6140 on Friday, hitting $95.2040. 20,110,841 shares of the company's stock traded hands, compared to its average volume of 14,361,365. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $96.90. The stock has a market cap of $175.26 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 0.80 and a beta of 1.38. The stock has a fifty day moving average of $89.42 and a 200-day moving average of $78.32. 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 (NYSE:C - Get Free Report) last released its 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. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same period in the prior year, the business earned $1.52 earnings per share. The business's quarterly revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

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

Wall Street Analysts Forecast Growth

C has been the subject of several recent analyst reports. UBS Group reiterated a "neutral" rating and issued a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Morgan Stanley increased their price objective on shares of Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Barclays increased their price objective on shares of Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Keefe, Bruyette & Woods reiterated a "buy" rating on shares of Citigroup in a report on Wednesday, July 16th. Finally, Piper Sandler increased their price objective on shares of Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $96.54.

Insider Buying and Selling

In related news, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction that occurred 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 sale, the director owned 2,140 shares in the company, valued at approximately $193,456. This represents a 58.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate 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.