Citigroup Inc. $C is Thompson Investment Management Inc.'s 7th Largest Position

Key Points

• Thompson Investment Management Inc. reduced its position in Citigroup Inc. by 6.2%, holding 154,089 shares worth approximately $13.12 million, making it the 7th largest position in its portfolio.
• Citigroup recently reported $1.96 EPS for the last quarter, exceeding estimates of $1.61, with a revenue increase of 8.2% year-over-year, amounting to $21.67 billion.
• The company increased its quarterly dividend to $0.60 per share, raising the annualized yield to 2.5% and the payout ratio to 35.45%.

Thompson Investment Management Inc. lessened its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 6.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 154,089 shares of the company's stock after selling 10,235 shares during the period. Citigroup comprises 1.9% of Thompson Investment Management Inc.'s investment portfolio, making the stock its 7th biggest holding. Thompson Investment Management Inc.'s holdings in Citigroup were worth $13,116,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new position in Citigroup in the first quarter valued at $28,000. 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 acquiring an additional 212 shares in the last quarter. DHJJ Financial Advisors Ltd. raised its position in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company's stock worth $35,000 after acquiring an additional 253 shares in the last quarter. Truvestments Capital LLC raised its position in shares of 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 in the last quarter. Finally, HHM Wealth Advisors LLC raised its position in shares of Citigroup by 805.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company's stock worth $37,000 after acquiring an additional 467 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Stock Performance

NYSE:C opened at $95.85 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $176.45 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.84 and a beta of 1.37. The firm's fifty day simple moving average is $96.96 and its 200 day simple moving average is $83.58. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

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

Wall Street Analysts Forecast Growth

C has been the subject of several recent analyst reports. Evercore ISI set a $77.00 price objective on shares of Citigroup in a research report on Monday, July 7th. Keefe, Bruyette & Woods restated a "buy" rating on shares of Citigroup in a research note on Wednesday, July 16th. Oppenheimer dropped their price target on Citigroup from $124.00 to $123.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 23rd. Truist Financial lifted their target price on shares of Citigroup from $105.00 to $112.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. Finally, TD Cowen lifted their target price on shares of Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a report on Wednesday, July 16th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $99.68.

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 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 owned 2,140 shares in the company, valued at $193,456. This represents a 58.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.08% of the company's stock.

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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