MetLife Investment Management LLC Sells 12,785 Shares of Citigroup Inc. $C

Key Points

• MetLife Investment Management LLC decreased its stake in Citigroup by 2.6%, selling 12,785 shares and retaining a total of 487,828 shares valued at approximately $34.6 million.
• Recent analyst reports reflect a positive outlook, with multiple firms adjusting price targets upward, indicating a consensus rating of "Moderate Buy" for Citigroup.
• Citigroup recently increased its quarterly dividend to $0.60 per share, leading to a 2.5% dividend yield and signaling the company's continued financial health.

MetLife Investment Management LLC trimmed its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 487,828 shares of the company's stock after selling 12,785 shares during the period. MetLife Investment Management LLC's holdings in Citigroup were worth $34,631,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Orion Capital Management LLC acquired a new stake in shares of Citigroup during the fourth quarter worth $28,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Citigroup during the first quarter worth $28,000. Accent Capital Management LLC raised its holdings in shares of 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 purchasing an additional 212 shares during the period. American National Bank & Trust acquired a new stake in shares of Citigroup during the first quarter worth $29,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of Citigroup during the fourth quarter worth $34,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Performance

C stock traded up $0.63 during midday trading on Tuesday, hitting $95.63. The stock had a trading volume of 11,030,318 shares, compared to its average volume of 14,154,227. The firm has a market capitalization of $176.05 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of 0.82 and a beta of 1.38. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $96.90. The stock has a 50-day simple moving average of $90.12 and a 200 day simple moving average of $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.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results 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 firm had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. During the same period last year, the business earned $1.52 earnings per share. Citigroup's quarterly revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate 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. Shareholders of record on Monday, August 4th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. This is a positive change from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. Citigroup's dividend payout ratio (DPR) is currently 35.45%.

Insiders Place Their Bets

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 stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the sale, the director directly owned 2,140 shares in the company, valued at $193,456. This represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on C shares. Morgan Stanley boosted their price target on shares of Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a report on Friday, July 18th. UBS Group reissued a "neutral" rating and set a $89.00 price target on shares of Citigroup in a report on Tuesday, July 15th. Oppenheimer boosted their price target on shares of Citigroup from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company boosted their price target on shares of Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $96.54.

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.