Academy Capital Management Sells 9,826 Shares of Citigroup Inc. $C

Key Points

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Academy Capital Management lowered its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 13.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,788 shares of the company's stock after selling 9,826 shares during the period. Citigroup accounts for about 0.8% of Academy Capital Management's investment portfolio, making the stock its 18th largest position. Academy Capital Management's holdings in Citigroup were worth $4,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC boosted its holdings in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after purchasing an additional 12,499 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Citigroup by 57.6% in the fourth quarter. First Trust Advisors LP now owns 1,463,015 shares of the company's stock worth $102,982,000 after buying an additional 534,884 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Citigroup by 3.3% in the fourth quarter. MML Investors Services LLC now owns 255,485 shares of the company's stock worth $17,984,000 after buying an additional 8,107 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in Citigroup by 29.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 541,592 shares of the company's stock valued at $38,133,000 after buying an additional 122,302 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. grew its holdings in Citigroup by 1.5% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,459,686 shares of the company's stock valued at $173,137,000 after buying an additional 35,197 shares in the last quarter. Institutional investors own 71.72% of the company's stock.

Insider Activity

In other news, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the transaction, the director owned 2,140 shares of the company's stock, valued at approximately $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by company insiders.

Citigroup Trading Down 0.7%

NYSE C traded down $0.6350 on Thursday, hitting $92.5350. 17,633,063 shares of the stock were exchanged, compared to its average volume of 14,261,821. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $96.90. The firm has a market capitalization of $170.35 billion, a P/E ratio of 13.67, a P/E/G ratio of 0.80 and a beta of 1.38. The stock has a fifty day moving average price of $89.04 and a two-hundred day moving average price of $78.20.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share 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 for the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. 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. Research 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 will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. This is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. Citigroup's dividend payout ratio (DPR) is presently 35.45%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Citigroup from $110.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. The Goldman Sachs Group boosted their price target on shares of Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Evercore ISI set a $77.00 price objective on shares of Citigroup in a research report on Monday, July 7th. Morgan Stanley lifted their price objective on shares of Citigroup from $103.00 to $107.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods restated a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $96.54.

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.