Citigroup Inc. $C Shares Bought by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC has increased its holdings in Citigroup by 60.8% in Q1, now owning 29,773 shares worth approximately $2.1 million.
• Analysts have raised their price targets for Citigroup, with Goldman Sachs increasing it from $85 to $96 and Morgan Stanley from $103 to $107, indicating strong market confidence.
• Citigroup recently announced a quarterly dividend increase to $0.60 per share, representing a 2.5% annual yield, which reflects a positive trend in their financial performance.

Focus Partners Advisor Solutions LLC boosted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 60.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,773 shares of the company's stock after acquiring an additional 11,260 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Citigroup were worth $2,114,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. True Wealth Design LLC lifted its stake in Citigroup by 11.1% during the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after acquiring an additional 119 shares in the last quarter. Continuum Advisory LLC lifted its stake in Citigroup by 1.9% during the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock worth $459,000 after acquiring an additional 120 shares in the last quarter. Solitude Financial Services lifted its stake in Citigroup by 0.9% during the 1st quarter. Solitude Financial Services now owns 16,496 shares of the company's stock worth $1,171,000 after acquiring an additional 140 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Citigroup by 2.1% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 6,902 shares of the company's stock worth $490,000 after acquiring an additional 142 shares in the last quarter. Finally, Insight Inv LLC lifted its stake in Citigroup by 0.5% during the 1st quarter. Insight Inv LLC now owns 27,268 shares of the company's stock worth $1,936,000 after acquiring an additional 146 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Dbs Bank raised Citigroup from a "hold" rating to a "moderate buy" rating in a research note on Thursday, July 17th. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Wells Fargo & Company upped their price target on Citigroup from $110.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Evercore ISI set a $77.00 price target on Citigroup in a report on Monday, July 7th. Finally, Piper Sandler upped their price target on Citigroup from $84.00 to $104.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $96.96.

Citigroup Stock Down 1.7%

Shares of C traded down $1.64 during mid-day trading on Friday, reaching $95.44. The company's stock had a trading volume of 17,018,341 shares, compared to its average volume of 12,488,161. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $97.98. The stock has a market cap of $175.69 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 0.82 and a beta of 1.41. 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 company's 50 day moving average is $92.56 and its 200 day moving average is $79.23.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating 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 business 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 posted $1.52 EPS. The business's revenue for the quarter was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Equities analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal 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 $0.60 dividend. This is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. Citigroup's payout ratio is currently 35.45%.

Insider Activity

In related 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 completion of the sale, the director directly owned 2,140 shares of the company's stock, valued at $193,456. This represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.

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.