OneAscent Financial Services LLC Grows Holdings in Citigroup Inc. (NYSE:C)

OneAscent Financial Services LLC increased its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 115.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,544 shares of the company's stock after buying an additional 5,119 shares during the period. OneAscent Financial Services LLC's holdings in Citigroup were worth $674,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in shares of Citigroup by 3.4% during the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock worth $24,844,000 after purchasing an additional 11,674 shares during the period. Invesco Ltd. grew its holdings in Citigroup by 13.8% in the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock valued at $1,143,633,000 after buying an additional 1,970,300 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Citigroup by 109.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company's stock valued at $88,458,000 after buying an additional 649,807 shares in the last quarter. Brighton Jones LLC lifted its stake in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after purchasing an additional 12,499 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC acquired a new position in shares of Citigroup in the 1st quarter valued at $214,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Analyst Ratings Changes

C has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Truist Financial upped their target price on Citigroup from $93.00 to $99.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Oppenheimer upped their target price on Citigroup from $107.00 to $123.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Barclays upped their target price on Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, The Goldman Sachs Group increased their price objective on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Citigroup currently has an average rating of "Moderate Buy" and a consensus price target of $96.46.

Citigroup Price Performance

Shares of NYSE:C opened at $92.57 on Tuesday. The company's fifty day moving average is $80.43 and its two-hundred day moving average is $75.52. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $94.08. The company has a market cap of $172.90 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 earnings per share. Equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Monday, August 4th. This is a positive change from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio is 33.09%.

Insider Activity

In related news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director owned 13,048 shares of the company's stock, valued at $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Peter B. Henry sold 3,000 shares of the firm's 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 completion of the sale, the director directly owned 2,140 shares of the company's stock, valued at approximately $193,456. This represents a 58.37% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company's stock.

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.

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