E. Ohman J or Asset Management AB Cuts Stock Holdings in Citigroup Inc. $C

Key Points

• E. Ohman J or Asset Management AB has reduced its stake in Citigroup Inc. by 4.6%, bringing its total holdings to 79,819 shares valued at approximately $6,794,000.
• Citigroup's stock price has recently increased to $99.51, reflecting a market cap of $183.19 billion and a price-to-earnings ratio of 14.70.
• The company has increased its quarterly dividend to $0.60, representing a 2.4% dividend yield, up from its previous dividend of $0.56.

E. Ohman J or Asset Management AB reduced its stake in Citigroup Inc. (NYSE:C - Free Report) by 4.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 79,819 shares of the company's stock after selling 3,811 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Citigroup were worth $6,794,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in shares of Citigroup in the 4th quarter worth about $28,000. MorganRosel Wealth Management LLC bought a new stake in Citigroup in the 1st quarter valued at about $28,000. Accent Capital Management LLC raised its stake in Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after acquiring an additional 212 shares during the period. American National Bank & Trust bought a new stake in Citigroup in the 1st quarter valued at about $29,000. Finally, Truvestments Capital LLC raised its stake in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company's stock valued at $31,000 after acquiring an additional 246 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Up 0.7%

C stock opened at $99.51 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The company's 50 day moving average is $93.63 and its 200 day moving average is $79.88. The stock has a market cap of $183.19 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 0.85 and a beta of 1.41. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $99.70.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.35. The company had revenue of $21.67 billion for 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. This is a positive change from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. Citigroup's dividend payout ratio (DPR) is currently 35.45%.

Analyst Upgrades and Downgrades

C has been the topic of a number of research reports. Truist Financial boosted their price objective on Citigroup from $99.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. TD Cowen upped their price target on Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a research report on Wednesday, July 16th. Evercore ISI set a $77.00 price target on Citigroup in a research report on Monday, July 7th. Oppenheimer upped their price target on Citigroup from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company upped their price target on Citigroup from $110.00 to $115.00 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 assigned a Hold rating to the stock. According to MarketBeat.com, Citigroup has an average rating of "Moderate Buy" and a consensus price target of $96.96.

Insider Buying and Selling at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the company'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 transaction, the director directly owned 2,140 shares in the company, valued at approximately $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.08% of the company's stock.

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.

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