Caxton Associates LLP Buys New Position in Citigroup Inc. $C

Key Points

• Caxton Associates LLP has purchased a new stake in Citigroup Inc., acquiring 34,093 shares valued at approximately $2.42 million in the first quarter.
• Citigroup recently announced a quarterly dividend increase to $0.60 per share, reflecting a 2.5% yield and a payout ratio of 35.45%.
• The company's stock has demonstrated a year-over-year earnings growth, with a reported EPS of $1.96 for the last quarter, surpassing expectations by $0.35.

Caxton Associates LLP bought a new stake 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 & Exchange Commission. The firm bought 34,093 shares of the company's stock, valued at approximately $2,420,000.

Other large investors have also bought and sold shares of the company. Orion Capital Management LLC bought a new position in Citigroup during the fourth quarter valued at about $28,000. MorganRosel Wealth Management LLC bought a new position in Citigroup during the first quarter valued at about $28,000. American National Bank & Trust bought a new position in Citigroup during the first quarter valued at about $29,000. Accent Capital Management LLC boosted its stake in Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after buying an additional 212 shares in the last quarter. Finally, Truvestments Capital LLC boosted its stake in Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company's stock valued at $31,000 after buying an additional 246 shares in the last quarter. Institutional investors own 71.72% of the company's stock.

Insider Transactions at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company's stock.

Citigroup Stock Up 0.5%

Shares of Citigroup stock opened at $95.88 on Tuesday. The stock has a 50-day moving average price of $92.78 and a 200 day moving average price of $79.33. The company has a market cap of $176.50 billion, a P/E ratio of 14.16, a P/E/G ratio of 0.82 and a beta of 1.41. 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 $97.98.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

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

Analyst Upgrades and Downgrades

C has been the subject of several research reports. Bank of America raised their target price on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Cowen assumed coverage on Citigroup in a research report on Wednesday, May 14th. They issued a "hold" rating for the company. Keefe, Bruyette & Woods reiterated a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. Finally, Morgan Stanley increased their price target on Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and a consensus price target of $96.96.

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.

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