Hotchkis & Wiley Capital Management LLC Sells 1,216,794 Shares of Citigroup Inc. $C

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its holdings in Citigroup Inc. by **8.8%**, now owning approximately **12.66 million shares** valued at around **$898.5 million**.
• Citigroup recently raised its quarterly dividend from **$0.56 to $0.60**, reflecting a **2.5% dividend yield** and a payout ratio of **35.45%**.
• Analysts currently have a consensus rating of **"Moderate Buy"** for Citigroup, with a target price of about **$96.54**, following several upgrades from investment banks.

Hotchkis & Wiley Capital Management LLC lowered its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 8.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,657,137 shares of the company's stock after selling 1,216,794 shares during the quarter. Citigroup makes up 3.0% of Hotchkis & Wiley Capital Management LLC's portfolio, making the stock its 2nd biggest holding. Hotchkis & Wiley Capital Management LLC owned approximately 0.67% of Citigroup worth $898,530,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. True Wealth Design LLC grew its position in shares of Citigroup by 11.1% during the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after purchasing an additional 119 shares in the last quarter. Continuum Advisory LLC grew its position in shares of Citigroup by 1.9% during the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock worth $459,000 after purchasing an additional 120 shares in the last quarter. Solitude Financial Services grew its position in shares of Citigroup by 0.9% during the first quarter. Solitude Financial Services now owns 16,496 shares of the company's stock worth $1,171,000 after purchasing an additional 140 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its position in shares of Citigroup by 2.1% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 6,902 shares of the company's stock worth $490,000 after purchasing an additional 142 shares in the last quarter. Finally, Insight Inv LLC grew its position in shares of Citigroup by 0.5% during the first quarter. Insight Inv LLC now owns 27,268 shares of the company's stock worth $1,936,000 after purchasing an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Truist Financial increased their price target on Citigroup from $93.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Dbs Bank raised Citigroup from a "hold" rating to a "moderate buy" rating in a research note on Thursday, July 17th. The Goldman Sachs Group increased their price target on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. TD Cowen increased their price target on Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company increased their price target on Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $96.54.

Insider Buying and Selling

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the business'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 sale, the director directly owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.08% of the company's stock.

Citigroup Price Performance

NYSE:C traded up $1.26 during trading hours on Wednesday, hitting $96.98. 11,240,392 shares of the stock were exchanged, compared to its average volume of 15,698,429. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $97.45. The firm's fifty day moving average price is $90.12 and its 200 day moving average price is $78.49. 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 company has a market cap of $178.52 billion, a P/E ratio of 14.32, a P/E/G ratio of 0.82 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. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same period in the previous year, the business earned $1.52 EPS. Citigroup's quarterly revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were paid a dividend of $0.60 per share. This is an increase from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. This represents a $2.40 annualized dividend and a yield of 2.5%. Citigroup's dividend payout ratio (DPR) is presently 35.45%.

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.