Quantbot Technologies LP Buys Shares of 67,086 Citigroup Inc. $C

Key Points

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Quantbot Technologies LP purchased a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 67,086 shares of the company's stock, valued at approximately $4,762,000.

Several other institutional investors have also recently made changes to their positions in C. Goldman Sachs Group Inc. boosted its holdings in shares of Citigroup by 179.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company's stock valued at $1,031,790,000 after buying an additional 9,334,038 shares during the last quarter. Nuveen LLC acquired a new position in shares of Citigroup during the 1st quarter worth about $578,100,000. Northern Trust Corp increased its stake in shares of Citigroup by 13.9% during the 4th quarter. Northern Trust Corp now owns 20,232,550 shares of the company's stock worth $1,424,169,000 after purchasing an additional 2,467,958 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Citigroup by 7,899.8% in the 1st quarter. GAMMA Investing LLC now owns 2,430,414 shares of the company's stock valued at $172,535,000 after purchasing an additional 2,400,033 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Citigroup by 16.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,497,812 shares of the company's stock valued at $879,721,000 after purchasing an additional 1,794,597 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Stock Performance

Shares of C stock traded down $0.6350 on Thursday, hitting $92.5350. The company's stock had a trading volume of 17,633,063 shares, compared to its average volume of 14,261,821. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $96.90. The company has a market capitalization of $170.35 billion, a PE ratio of 13.67, a PEG ratio of 0.80 and a beta of 1.38. The stock's 50 day moving average is $89.04 and its 200-day moving average is $78.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99.

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. The business had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business's revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. Equities research 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. Stockholders of record on Monday, August 4th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, August 4th. This is a positive change from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio is 35.45%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Piper Sandler upped their price objective on Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Barclays lifted their price objective on shares of Citigroup from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Cowen assumed coverage on shares of Citigroup in a report on Wednesday, May 14th. They issued a "hold" rating on the stock. UBS Group restated a "neutral" rating and set a $89.00 target price on shares of Citigroup in a research note on Tuesday, July 15th. Finally, Truist Financial lifted their target price on shares of Citigroup from $93.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Citigroup presently has a consensus rating of "Moderate Buy" and an average target price of $96.54.

Insider Activity at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the business'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 completion of the transaction, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.08% of the company's stock.

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.