Stoneridge Investment Partners LLC trimmed its stake in Citigroup Inc. (NYSE:C - Free Report) by 46.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,511 shares of the company's stock after selling 51,529 shares during the period. Citigroup comprises approximately 3.6% of Stoneridge Investment Partners LLC's investment portfolio, making the stock its 4th biggest position. Stoneridge Investment Partners LLC's holdings in Citigroup were worth $4,225,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of C. Private Advisory Group LLC grew its holdings in Citigroup by 20.8% during the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company's stock worth $4,940,000 after acquiring an additional 11,978 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Citigroup by 109.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company's stock worth $88,458,000 after acquiring an additional 649,807 shares during the period. Brighton Jones LLC grew its holdings in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after acquiring an additional 12,499 shares during the period. Onyx Bridge Wealth Group LLC acquired a new stake in Citigroup during the 1st quarter worth about $214,000. Finally, Pinnacle Financial Partners Inc grew its holdings in Citigroup by 495.1% during the 1st quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company's stock worth $1,317,000 after acquiring an additional 15,436 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Citigroup
In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The shares were 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 $193,456. This trade represents a 58.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by corporate insiders.
Citigroup Stock Up 2.8%
C stock traded up $2.6140 during mid-day trading on Friday, reaching $95.2040. 20,110,841 shares of the company traded hands, compared to its average volume of 14,361,365. The stock has a market cap of $175.26 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 0.82 and a beta of 1.38. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $96.90. The firm's 50 day moving average price is $89.42 and its 200 day moving average price is $78.31.
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, beating analysts' consensus estimates of $1.61 by $0.35. The business had revenue of $21.67 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts predict 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. Shareholders of record on Monday, August 4th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. This is an increase from Citigroup's previous quarterly dividend of $0.56. Citigroup's payout ratio is 35.45%.
Analysts Set New Price Targets
C has been the subject of a number of recent analyst reports. Oppenheimer increased their price target on Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. UBS Group reiterated a "neutral" rating and set a $89.00 price target on shares of Citigroup in a report on Tuesday, July 15th. Barclays increased their price target on Citigroup from $95.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, Truist Financial raised their target price on Citigroup from $93.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $96.54.
Check Out Our Latest Stock Analysis on Citigroup
Citigroup Company Profile
(
Free Report)
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.
Further Reading

Before you consider Citigroup, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Citigroup wasn't on the list.
While Citigroup currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report