Greenleaf Trust Sells 5,411 Shares of Citigroup Inc. $C

Key Points

• Greenleaf Trust has reduced its holdings in Citigroup Inc. by 20.4%, selling 5,411 shares during the second quarter, leaving them with a total worth of approximately $1.8 million.
• Citigroup's recent financial results showed they reported $1.96 EPS for the quarter, exceeding estimates by $0.35, along with revenues of $21.67 billion, reflecting an 8.2% increase year-over-year.
• Citigroup has increased its quarterly dividend to $0.60, up from $0.56, representing a 2.4% yield and a payout ratio of 35.45%.

Greenleaf Trust lessened its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 20.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 21,165 shares of the company's stock after selling 5,411 shares during the period. Greenleaf Trust's holdings in Citigroup were worth $1,802,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Private Advisory Group LLC grew its holdings in shares of Citigroup by 20.8% during the first quarter. Private Advisory Group LLC now owns 69,581 shares of the company's stock worth $4,940,000 after purchasing an additional 11,978 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after purchasing an additional 12,499 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Citigroup by 109.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company's stock valued at $88,458,000 after acquiring an additional 649,807 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new position in Citigroup in the first quarter valued at about $214,000. Finally, Hayek Kallen Investment Management boosted its holdings in Citigroup by 125.0% in the first quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company's stock valued at $1,103,000 after acquiring an additional 8,630 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Insider Transactions at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred 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 sale, the director owned 2,140 shares of the company's stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on C shares. Barclays raised their price target on Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Piper Sandler raised their price target on Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Zacks Research cut Citigroup from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. Morgan Stanley raised their price target on Citigroup from $107.00 to $129.00 and gave the company an "overweight" rating in a report on Monday. Finally, UBS Group restated a "neutral" rating and set a $89.00 target price on shares of Citigroup in a report on Tuesday, July 15th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $99.68.

Citigroup Trading Down 1.6%

NYSE C opened at $101.52 on Wednesday. The firm has a market cap of $186.89 billion, a P/E ratio of 15.00, a P/E/G ratio of 0.88 and a beta of 1.41. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. The stock's 50-day moving average is $96.66 and its 200-day moving average is $82.41. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. The company had revenue of $21.67 billion for 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%.Citigroup's revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Sell-side analysts anticipate 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 given a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. This is a boost from Citigroup's previous quarterly dividend of $0.56. Citigroup's payout ratio is 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.

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