IFM Investors Pty Ltd Sells 3,396 Shares of Citigroup Inc. $C

Key Points

• IFM Investors Pty Ltd reduced its stake in Citigroup Inc. by 0.9%, owning 354,724 shares valued at approximately $25.18 million as of the latest SEC filing.
• Analysts' ratings on Citigroup have improved, with Barclays raising its price target to $100 and a consensus target price of $96.96, indicating a general sentiment of moderate buy among analysts.
• Citigroup recently announced a dividend increase to $0.60 per share, resulting in an annualized yield of 2.5% and reflecting a positive outlook in terms of its financial performance.

IFM Investors Pty Ltd lessened its position in Citigroup Inc. (NYSE:C - Free Report) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 354,724 shares of the company's stock after selling 3,396 shares during the period. IFM Investors Pty Ltd's holdings in Citigroup were worth $25,182,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after buying an additional 12,499 shares during the period. Gotham Asset Management LLC raised its position in Citigroup by 0.7% during the fourth quarter. Gotham Asset Management LLC now owns 47,770 shares of the company's stock valued at $3,363,000 after acquiring an additional 344 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Citigroup by 6.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,233 shares of the company's stock valued at $18,881,000 after acquiring an additional 16,000 shares in the last quarter. Mubadala Investment Co PJSC bought a new position in Citigroup during the fourth quarter valued at approximately $4,241,000. Finally, OMERS ADMINISTRATION Corp raised its position in shares of Citigroup by 50.9% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 99,377 shares of the company's stock valued at $6,995,000 after purchasing an additional 33,532 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Analyst Upgrades and Downgrades

C has been the topic of a number of research reports. UBS Group reaffirmed a "neutral" rating and set a $89.00 target price on shares of Citigroup in a research report on Tuesday, July 15th. TD Cowen upped their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a research report on Wednesday, July 16th. Dbs Bank upgraded shares of Citigroup from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. Oppenheimer boosted their price objective on Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group boosted their price objective on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. 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.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $96.96.

Insiders Place Their Bets

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the 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 completion of the sale, the director owned 2,140 shares in the company, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.08% of the company's stock.

Citigroup Price Performance

NYSE C traded up $0.69 during trading on Friday, reaching $99.51. The company's stock had a trading volume of 9,502,253 shares, compared to its average volume of 12,405,087. The stock has a market capitalization of $183.19 billion, a PE ratio of 14.70, a P/E/G ratio of 0.85 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 firm has a fifty day moving average of $93.63 and a 200 day moving average of $79.86. Citigroup Inc. has a one year low of $55.51 and a one year high of $99.70.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating 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 firm had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same period in the prior year, the company earned $1.52 EPS. The company's revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. 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 was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were issued a $0.60 dividend. 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 2.4%. Citigroup's dividend payout ratio (DPR) is 35.45%.

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.