MBB Public Markets I LLC Takes Position in Citigroup Inc. $C

Key Points

• MBB Public Markets I LLC acquired a new stake in Citigroup by purchasing 4,558 shares, valued at approximately $324,000, during the first quarter of the year.
• Citigroup's recent quarterly earnings report showed earnings per share of $1.96, exceeding analyst expectations and marking an increase from last year's $1.52 EPS.
• The company announced an increased quarterly dividend of $0.60, up from the previous $0.56, resulting in an annualized yield of 2.5%.

MBB Public Markets I LLC acquired a new stake in Citigroup Inc. (NYSE:C - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,558 shares of the company's stock, valued at approximately $324,000.

Other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in shares of Citigroup in the 4th quarter valued at about $28,000. MorganRosel Wealth Management LLC acquired a new stake in Citigroup in the 1st quarter valued at about $28,000. American National Bank & Trust bought a new position in Citigroup during the first quarter worth about $29,000. Accent Capital Management LLC increased its position in Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company's stock worth $29,000 after buying an additional 212 shares during the last quarter. Finally, Truvestments Capital LLC raised its stake in Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company's stock valued at $31,000 after buying an additional 246 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Performance

Shares of Citigroup stock 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 company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The business's 50-day moving average price is $93.63 and its 200-day moving average price is $79.87. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $99.70. The firm has a market cap of $183.19 billion, a PE ratio of 14.70, a P/E/G ratio of 0.85 and a beta of 1.41.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping 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 business had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. During the same quarter in the previous year, the company earned $1.52 EPS. The business's revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Equities analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current 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 given a dividend of $0.60 per share. This is an increase from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup's dividend payout ratio (DPR) is currently 35.45%.

Insider Buying and Selling

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the firm's stock in a transaction 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 transaction, the director owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on C shares. Morgan Stanley lifted their target price on Citigroup from $103.00 to $107.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Piper Sandler lifted their price objective on shares of Citigroup from $84.00 to $104.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. TD Cowen upped 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 research report on Monday, July 7th. Finally, Dbs Bank raised shares of Citigroup from a "hold" rating to a "moderate buy" rating in a report on Thursday, July 17th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.96.

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.