APG Asset Management N.V. Has $68.30 Million Holdings in Citigroup Inc. $C

Key Points

• APG Asset Management N.V. decreased its stake in Citigroup Inc. by 1.2%, holding approximately 1,039,200 shares valued at $68.3 million after selling 13,000 shares in the first quarter.
• Multiple institutional investors, including Pinnacle Financial Partners Inc., significantly increased their stakes in Citigroup, with Pinnacle growing its holdings by 495.1% in the same quarter.
• Citigroup recently raised its quarterly dividend to $0.60, signaling a positive change from the previous dividend, representing an annualized yield of 2.5%.

APG Asset Management N.V. lowered its holdings in Citigroup Inc. (NYSE:C - Free Report) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,039,200 shares of the company's stock after selling 13,000 shares during the period. APG Asset Management N.V. owned about 0.06% of Citigroup worth $68,296,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in C. Private Advisory Group LLC lifted its position in shares of Citigroup by 20.8% in the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company's stock valued at $4,940,000 after acquiring an additional 11,978 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Citigroup by 109.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company's stock worth $88,458,000 after purchasing an additional 649,807 shares during the period. Brighton Jones LLC boosted its stake in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after purchasing an additional 12,499 shares during the period. Onyx Bridge Wealth Group LLC acquired a new position in Citigroup in the 1st quarter worth approximately $214,000. Finally, Pinnacle Financial Partners Inc boosted its stake in Citigroup by 495.1% in the 1st quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company's stock worth $1,317,000 after purchasing an additional 15,436 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Stock Performance

Shares of Citigroup stock traded up $1.26 on Wednesday, reaching $96.98. The stock had a trading volume of 11,234,018 shares, compared to its average volume of 15,697,839. The business's 50-day moving average price is $90.12 and its two-hundred day moving average price is $78.49. 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 fifty-two week low of $55.51 and a fifty-two week high of $97.45. The stock has a market cap of $178.52 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 0.82 and a beta of 1.38.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. The business had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. Citigroup'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 earned $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

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

Insider Activity

In other news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction on 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 approximately $193,456. This represents a 58.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Keefe, Bruyette & Woods reissued a "buy" rating on shares of Citigroup in a research note on Wednesday, July 16th. UBS Group reissued a "neutral" rating and set a $89.00 target price on shares of Citigroup in a research note on Tuesday, July 15th. Oppenheimer lifted their target price on shares of Citigroup from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Bank of America lifted their target price on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. 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 company has a consensus rating of "Moderate Buy" and a consensus price target of $96.54.

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.