Dark Forest Capital Management LP Has $5.45 Million Holdings in Citigroup Inc. $C

Key Points

• Dark Forest Capital Management LP increased its holdings in Citigroup by 239.5%, purchasing an additional 54,114 shares, bringing its total to 76,709 shares valued at $5.45 million.
• Citigroup's recent earnings beat expectations with reported Earning Per Share (EPS) of $1.96, exceeding analyst forecasts of $1.61, and showing an 8.2% revenue increase year-over-year.
• The company announced a quarterly dividend increase from $0.56 to $0.60 per share, representing an annualized yield of 2.5% and a payout ratio of 35.45%.

Dark Forest Capital Management LP lifted its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 239.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,709 shares of the company's stock after purchasing an additional 54,114 shares during the quarter. Dark Forest Capital Management LP's holdings in Citigroup were worth $5,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. True Wealth Design LLC grew its holdings in shares of 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 purchasing an additional 119 shares in the last quarter. Continuum Advisory LLC boosted its stake in Citigroup by 1.9% in the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock valued at $459,000 after buying an additional 120 shares in the last quarter. Solitude Financial Services boosted its stake in Citigroup by 0.9% in the 1st quarter. Solitude Financial Services now owns 16,496 shares of the company's stock valued at $1,171,000 after buying an additional 140 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in Citigroup by 2.1% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 6,902 shares of the company's stock valued at $490,000 after buying an additional 142 shares in the last quarter. Finally, Insight Inv LLC boosted its stake in Citigroup by 0.5% in the 1st quarter. Insight Inv LLC now owns 27,268 shares of the company's stock valued at $1,936,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Morgan Stanley boosted their price target on Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Oppenheimer boosted their price target on Citigroup from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Dbs Bank raised Citigroup from a "hold" rating to a "moderate buy" rating in a research note on Thursday, July 17th. Finally, Barclays lifted their price objective on Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.96.

Insider Buying and Selling at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the business's stock in a transaction 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 completion of the sale, the director owned 2,140 shares in the company, valued at $193,456. The trade was a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.08% of the stock is currently owned by insiders.

Citigroup Price Performance

C traded down $1.64 during trading on Friday, hitting $95.44. The company's stock had a trading volume of 17,018,341 shares, compared to its average volume of 12,488,161. The firm's 50 day moving average price is $92.56 and its two-hundred day moving average price is $79.26. 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 12 month low of $55.51 and a 12 month high of $97.98. The stock has a market capitalization of $175.69 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 0.84 and a beta of 1.41.

Citigroup (NYSE:C - Get Free Report) last released its earnings results 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 company 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 firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

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

Citigroup Company 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.