Focus Partners Wealth Increases Holdings in Citigroup Inc. $C

Key Points

• Focus Partners Wealth increased its holdings in Citigroup Inc. by 6.4%, now owning 304,288 shares valued at approximately $21.6 million.
• Citigroup reported $1.96 earnings per share for the quarter, exceeding analysts' expectations, with a revenue of $21.67 billion.
• The company announced a quarterly dividend increase to $0.60, representing a yield of 2.4% with a dividend payout ratio of 35.45%.

Focus Partners Wealth lifted its position in Citigroup Inc. (NYSE:C - Free Report) by 6.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 304,288 shares of the company's stock after purchasing an additional 18,428 shares during the period. Focus Partners Wealth's holdings in Citigroup were worth $21,601,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Flaharty Asset Management LLC purchased a new stake in shares of Citigroup in the first quarter valued at approximately $43,000. Integrity Alliance LLC. purchased a new stake in Citigroup during the first quarter worth $913,000. Ransom Advisory Ltd purchased a new stake in Citigroup during the first quarter worth $1,080,000. Glenview Trust co lifted its holdings in Citigroup by 9.4% during the first quarter. Glenview Trust co now owns 246,937 shares of the company's stock worth $17,530,000 after buying an additional 21,262 shares during the period. Finally, Aspen Investment Management Inc lifted its holdings in Citigroup by 39.8% during the first quarter. Aspen Investment Management Inc now owns 4,039 shares of the company's stock worth $287,000 after buying an additional 1,150 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on C. Evercore ISI set a $77.00 target price on Citigroup in a report on Monday, July 7th. Barclays upped their target price on Citigroup from $95.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. TD Cowen upped their target price on Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a report on Wednesday, July 16th. UBS Group reiterated a "neutral" rating and set a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Finally, Bank of America increased their price objective on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.96.

Citigroup Stock Performance

Shares of C opened at $98.79 on Friday. The firm has a market cap of $181.86 billion, a PE ratio of 14.59, a P/E/G ratio of 0.83 and a beta of 1.41. 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 stock has a fifty day moving average price of $93.41 and a 200-day moving average price of $79.72. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $99.04.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) 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 analyst estimates 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 last year, the business posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts predict 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. Investors of record on Monday, August 4th were paid a $0.60 dividend. This is a positive change from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. Citigroup's dividend payout ratio (DPR) is 35.45%.

Insider Transactions at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the transaction, the director owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.08% of the stock is owned by company insiders.

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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