EJF Capital LLC Decreases Position in Citigroup Inc. $C

Key Points

• EJF Capital LLC reduced its holdings in Citigroup Inc. by 21.5%, selling 7,500 shares, bringing its total ownership to 27,334 shares valued at $1.94 million.
• Various institutional investors increased their stakes in Citigroup, with Goldman Sachs Group boosting its ownership by 179.5% and Price T Rowe Associates increasing its stake by 6.6%.
• Citigroup announced a quarterly dividend increase from $0.56 to $0.60 per share, reflecting a 2.5% yield, and reported a net margin of 8.44% for the last quarter.

EJF Capital LLC cut its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 21.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,334 shares of the company's stock after selling 7,500 shares during the period. EJF Capital LLC's holdings in Citigroup were worth $1,940,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in 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 valued at $84,000 after purchasing an additional 119 shares during the last quarter. Continuum Advisory LLC grew its holdings in shares of Citigroup by 1.9% during the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock valued at $459,000 after purchasing an additional 120 shares during the last quarter. Solitude Financial Services grew its holdings in shares of Citigroup by 0.9% during the 1st quarter. Solitude Financial Services now owns 16,496 shares of the company's stock valued at $1,171,000 after purchasing an additional 140 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Citigroup by 2.1% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 6,902 shares of the company's stock valued at $490,000 after purchasing an additional 142 shares during the last quarter. Finally, Insight Inv LLC grew its holdings in shares of Citigroup by 0.5% during the 1st quarter. Insight Inv LLC now owns 27,268 shares of the company's stock valued at $1,936,000 after purchasing an additional 146 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Trading Up 0.5%

Shares of NYSE:C traded up $0.48 on Monday, hitting $95.88. The company had a trading volume of 11,394,371 shares, compared to its average volume of 15,580,999. The firm's 50-day simple moving average is $92.56 and its two-hundred day simple moving average is $79.22. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $97.98. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $176.50 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 0.82 and a beta of 1.41.

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, topping the consensus estimate of $1.61 by $0.35. The company had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. Citigroup's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. Equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, August 4th. This is a positive change from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio (DPR) is 35.45%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Bank of America increased their target price on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Cowen began coverage on shares of Citigroup in a research report on Wednesday, May 14th. They set a "hold" rating for the company. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods reissued a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. Finally, Piper Sandler increased their price target on shares of Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a research report 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $96.96.

Insider Activity

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the sale, the director directly owned 2,140 shares in the company, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by insiders.

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.