Intrua Financial LLC Sells 9,534 Shares of Citigroup Inc. $C

Key Points

• Intrua Financial LLC reduced its holdings in Citigroup Inc. by 54.2%, selling 9,534 shares in the first quarter, leaving them with 8,068 shares valued at $573,000.
• Citigroup recently reported earnings of $1.96 per share, surpassing estimates and showing an 8.2% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.60 per share, up from $0.56, with a current annualized yield of 2.4%.

Intrua Financial LLC lessened its position in Citigroup Inc. (NYSE:C - Free Report) by 54.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,068 shares of the company's stock after selling 9,534 shares during the period. Intrua Financial LLC's holdings in Citigroup were worth $573,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Addison Capital Co grew its position in shares of Citigroup by 23.6% in the 1st quarter. Addison Capital Co now owns 3,765 shares of the company's stock valued at $267,000 after acquiring an additional 719 shares during the period. Advisors Capital Management LLC lifted its stake in shares of Citigroup by 20.1% during the 1st quarter. Advisors Capital Management LLC now owns 917,359 shares of the company's stock worth $65,123,000 after buying an additional 153,777 shares during the last quarter. Westbourne Investments Inc. acquired a new stake in shares of Citigroup during the 1st quarter worth about $374,000. MBL Wealth LLC acquired a new stake in shares of Citigroup during the 1st quarter worth about $247,000. Finally, McAdam LLC lifted its stake in shares of Citigroup by 19.4% during the 1st quarter. McAdam LLC now owns 4,427 shares of the company's stock worth $314,000 after buying an additional 719 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Analyst Ratings Changes

C has been the subject of a number of research reports. Wells Fargo & Company raised their target price on shares of Citigroup from $110.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Oppenheimer raised their target price on shares of Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Evercore ISI set a $77.00 price objective on shares of Citigroup in a research note on Monday, July 7th. TD Cowen lifted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a research note on Wednesday, July 16th. Finally, Morgan Stanley lifted their price objective on shares of Citigroup from $103.00 to $107.00 and gave the stock 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.96.

Citigroup Price Performance

Shares of NYSE:C opened at $98.79 on Friday. The stock has a market capitalization of $181.86 billion, a PE ratio of 14.59, a PEG ratio of 0.83 and a beta of 1.41. 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 firm has a 50 day moving average of $93.41 and a 200-day moving average of $79.72. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $99.04.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 8.44% and a return on equity of 7.29%. The firm's revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were issued a dividend of $0.60 per share. This is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. Citigroup's payout ratio is presently 35.45%.

Insider Activity

In related news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director directly owned 2,140 shares of the company's stock, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.08% of the company's stock.

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.

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.