Intrinsic Value Partners LLC Has $490,000 Position in Citigroup Inc. (NYSE:C)

Key Points

• Intrinsic Value Partners LLC reduced its holdings in Citigroup by 52.5% in the 1st quarter, now owning shares valued at $490,000.
• Citigroup recently announced an increase in its quarterly dividend to $0.60 per share, representing a 2.50% yield, set to be paid on August 22nd.
• Citigroup reported earnings of $1.96 EPS, surpassing estimates, with an 8.2% increase in revenue compared to the same quarter last year.

Intrinsic Value Partners LLC cut its stake in Citigroup Inc. (NYSE:C - Free Report) by 52.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,906 shares of the company's stock after selling 7,619 shares during the period. Intrinsic Value Partners LLC's holdings in Citigroup were worth $490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of C. Orion Capital Management LLC acquired a new stake in shares of Citigroup during the 4th quarter worth approximately $28,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Citigroup during the 1st quarter worth approximately $28,000. American National Bank & Trust acquired a new stake in shares of Citigroup during the 1st quarter worth approximately $29,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Citigroup during the 4th quarter worth approximately $34,000. Finally, Whipplewood Advisors LLC grew its position in shares of Citigroup by 79.2% during the 1st quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock worth $40,000 after buying an additional 252 shares during the period. 71.72% of the stock is owned by institutional investors.

Insider Activity at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, the director directly owned 2,140 shares in the company, valued at $193,456. The trade was a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

C has been the subject of several analyst reports. Keefe, Bruyette & Woods reiterated a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. TD Cowen boosted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a report on Wednesday, July 16th. Evercore ISI set a $77.00 price objective on shares of Citigroup in a report on Monday, July 7th. Dbs Bank upgraded shares of Citigroup from a "hold" rating to a "moderate buy" rating in a report on Thursday, July 17th. Finally, Piper Sandler boosted their price objective on shares of Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.54.

Citigroup Stock Performance

NYSE C traded down $1.86 on Friday, hitting $91.84. 17,720,586 shares of the stock were exchanged, compared to its average volume of 15,836,717. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.98. The business's fifty day moving average is $84.36 and its 200 day moving average is $76.98. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $96.90. The company has a market capitalization of $171.53 billion, a PE ratio of 13.57, a P/E/G ratio of 0.81 and a beta of 1.38.

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, beating the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. During the same period in the previous year, the company earned $1.52 earnings per share. The company's quarterly revenue was up 8.2% on a year-over-year basis. Research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be issued a $0.60 dividend. This is an increase from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, August 4th. Citigroup's dividend payout ratio is presently 33.09%.

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.