Citigroup Inc. $C Shares Acquired by Glenview Trust co

Key Points

• Glenview Trust Co. increased its stake in Citigroup Inc. by 9.4% in the first quarter, bringing its total shares to 246,937, with a reported value of $17.53 million.
• Insider activity included Director Peter B. Henry selling 3,000 shares, reducing his holdings by 58.37%, while institutional investors own 71.72% of Citigroup's stock.
• Citigroup recently announced a quarterly dividend increase from $0.56 to $0.60 per share, with an annualized yield of 2.5%.

Glenview Trust co increased its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 9.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,937 shares of the company's stock after buying an additional 21,262 shares during the period. Glenview Trust co's holdings in Citigroup were worth $17,530,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in C. Goldman Sachs Group Inc. grew its stake in Citigroup by 179.5% in the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company's stock valued at $1,031,790,000 after purchasing an additional 9,334,038 shares during the last quarter. Nuveen LLC purchased a new position in Citigroup in the first quarter valued at about $578,100,000. Amundi grew its stake in Citigroup by 78.4% in the first quarter. Amundi now owns 13,713,517 shares of the company's stock valued at $973,523,000 after purchasing an additional 6,026,268 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Citigroup by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company's stock valued at $2,917,794,000 after purchasing an additional 2,539,769 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG grew its stake in Citigroup by 2,230.8% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company's stock valued at $186,726,000 after purchasing an additional 2,517,459 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

Citigroup stock traded up $0.69 during mid-day trading on Friday, hitting $99.51. The company had a trading volume of 9,502,253 shares, compared to its average volume of 12,405,087. The company has a current ratio of 0.99, a quick 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 $99.70. The company's fifty day moving average is $93.63 and its 200-day moving average is $79.86. The company has a market capitalization of $183.19 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 0.85 and a beta of 1.41.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The business had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the prior year, the firm posted $1.52 EPS. The business's quarterly revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have issued reports on C shares. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Morgan Stanley raised their price target on Citigroup from $103.00 to $107.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. The Goldman Sachs Group raised their price target on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. UBS Group reissued a "neutral" rating and issued a $89.00 price target on shares of Citigroup in a report on Tuesday, July 15th. Finally, Oppenheimer raised 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. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company 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 company's stock in a transaction that occurred 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 transaction, the director directly owned 2,140 shares of the company's stock, valued at $193,456. This represents a 58.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is currently owned by insiders.

About Citigroup

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.