Citigroup Inc. $C is Causeway Capital Management LLC's 7th Largest Position

Key Points

• Causeway Capital Management LLC increased its stake in Citigroup Inc. by 9.4%, making the stock the firm's 7th largest position, with a total worth of approximately $95.9 million.
• Citigroup recently posted earnings exceeding analysts' expectations, reporting $1.96 EPS for the quarter, which is an improvement from the previous year.
• The company announced a quarterly dividend increase to $0.60 per share, representing a 2.5% yield and a boost from the previous dividend of $0.56.

Causeway Capital Management LLC increased its stake in Citigroup Inc. (NYSE:C - Free Report) by 9.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,350,907 shares of the company's stock after buying an additional 116,032 shares during the quarter. Citigroup comprises 2.0% of Causeway Capital Management LLC's portfolio, making the stock its 7th largest position. Causeway Capital Management LLC owned about 0.07% of Citigroup worth $95,901,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Orion Capital Management LLC purchased a new position in Citigroup in the fourth quarter valued at about $28,000. MorganRosel Wealth Management LLC bought a new position in 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 raised its position 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 during the period. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of Citigroup during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Insiders Place Their Bets

In related news, Director Peter B. Henry sold 3,000 shares of Citigroup 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 sale, the director directly owned 2,140 shares of the company's stock, valued at $193,456. This trade 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 through this hyperlink. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

C has been the topic of several analyst reports. Dbs Bank upgraded Citigroup from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. Morgan Stanley raised their target price on Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Oppenheimer lifted their price target on Citigroup from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Evercore ISI set a $77.00 price target on Citigroup in a research report on Monday, July 7th. Finally, Cowen began coverage on Citigroup in a research report on Wednesday, May 14th. They set a "hold" rating on the stock. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Citigroup currently has a consensus rating of "Moderate Buy" and an average price target of $96.54.

Citigroup Trading Down 0.3%

Citigroup stock opened at $95.00 on Tuesday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. The business's 50-day simple moving average is $89.76 and its 200-day simple moving average is $78.37. The firm has a market capitalization of $174.89 billion, a PE ratio of 14.03, a PEG ratio of 0.82 and a beta of 1.38. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $96.90.

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

Citigroup Increases Dividend

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

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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