Groupama Asset Managment Grows Stock Holdings in Citigroup Inc. $C

Key Points

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Groupama Asset Managment grew its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 9.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 416,789 shares of the company's stock after purchasing an additional 35,259 shares during the period. Groupama Asset Managment's holdings in Citigroup were worth $29,313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in C. Orion Capital Management LLC purchased a new position in Citigroup in the fourth quarter worth about $28,000. MorganRosel Wealth Management LLC purchased a new position in Citigroup during the first quarter worth $28,000. American National Bank & Trust bought a new stake in shares of Citigroup in the 1st quarter worth about $29,000. Accent Capital Management LLC grew its holdings in Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after purchasing an additional 212 shares during the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of Citigroup during the fourth quarter valued at approximately $34,000. 71.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following 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 at this link. 0.08% of the stock is currently owned by company insiders.

Citigroup Stock Down 0.7%

Shares of NYSE:C traded down $0.6350 during trading on Thursday, reaching $92.5350. The stock had a trading volume of 17,633,063 shares, compared to its average volume of 14,261,821. The firm's 50-day simple moving average is $89.04 and its 200 day simple moving average is $78.20. 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 one year low of $55.51 and a one year high of $96.90. The company has a market capitalization of $170.35 billion, a P/E ratio of 13.67, a PEG ratio of 0.80 and a beta of 1.38.

Citigroup (NYSE:C - Get Free Report) last posted 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. The firm 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 revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, August 4th. This is a positive change from Citigroup's previous quarterly dividend of $0.56. Citigroup's payout ratio is 35.45%.

Analysts Set New Price Targets

C has been the topic of several research analyst reports. Dbs Bank raised Citigroup from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. Piper Sandler lifted their price target on shares of Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Bank of America increased their price objective on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Truist Financial lifted their target price on Citigroup from $93.00 to $99.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, The Goldman Sachs Group increased their price target on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and an average price target of $96.54.

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.