BDF Gestion Reduces Stake in Citigroup Inc. $C

Key Points

• BDF Gestion reduced its stake in Citigroup Inc. by 22.4%, owning 74,175 shares worth $6,314,000 after selling 21,389 shares in Q2.
• Citigroup reported a Q2 earnings per share (EPS) of $1.96, surpassing estimates by $0.35, with revenue increasing by 8.2% year-over-year to $21.67 billion.
• The company announced a quarterly dividend of $0.60 per share, an increase from the previous $0.56, representing an annual yield of 2.3%.

BDF Gestion trimmed its holdings in Citigroup Inc. (NYSE:C - Free Report) by 22.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,175 shares of the company's stock after selling 21,389 shares during the quarter. BDF Gestion's holdings in Citigroup were worth $6,314,000 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 added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings in shares of Citigroup by 179.5% in the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company's stock valued at $1,031,790,000 after acquiring an additional 9,334,038 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Citigroup during the first quarter worth $578,100,000. Amundi lifted its position in shares of Citigroup by 78.4% during the first quarter. Amundi now owns 13,713,517 shares of the company's stock worth $973,523,000 after acquiring an additional 6,026,268 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Citigroup by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company's stock worth $2,917,794,000 after acquiring an additional 2,539,769 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG raised its position in shares of Citigroup by 2,230.8% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company's stock worth $186,726,000 after buying an additional 2,517,459 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Insider Activity

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.08% of the company's stock.

Analyst Ratings Changes

C has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. UBS Group reissued a "neutral" rating and issued a $89.00 target price on shares of Citigroup in a research note on Tuesday, July 15th. TD Cowen raised their price objective on shares of Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a report on Wednesday, July 16th. Oppenheimer raised their price objective on shares of Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Piper Sandler boosted their price objective on shares of 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 six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Citigroup has an average rating of "Moderate Buy" and an average target price of $97.68.

Citigroup Stock Up 0.9%

Citigroup stock traded up $0.88 during trading hours on Monday, hitting $103.56. The company had a trading volume of 11,434,353 shares, compared to its average volume of 15,484,444. 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 firm has a market capitalization of $190.64 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 0.88 and a beta of 1.41. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $103.81. The firm's fifty day moving average is $95.12 and its 200-day moving average is $80.82.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.35. The firm 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 company's quarterly revenue was up 8.2% compared to the same quarter last year. 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. On average, research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The firm also recently announced 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 represents a $2.40 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, August 4th. This is a boost from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio (DPR) is currently 35.45%.

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.