Ransom Advisory Ltd Invests $1.08 Million in Citigroup Inc. $C

Key Points

• Ransom Advisory Ltd has invested approximately $1.08 million in Citigroup Inc., purchasing 15,214 shares during the first quarter.
• Citigroup reported earnings of $1.96 EPS for the latest quarter, surpassing analyst expectations, and achieved a quarterly revenue growth of 8.2% year-over-year.
• The company's quarterly dividend was increased to $0.60 per share, reflecting a 2.5% yield and a payout ratio of 35.45%.

Ransom Advisory Ltd bought a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 15,214 shares of the company's stock, valued at approximately $1,080,000.

Other institutional investors also recently modified their holdings of the company. True Wealth Design LLC lifted its position in Citigroup by 11.1% during the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock valued at $84,000 after buying an additional 119 shares during the period. Continuum Advisory LLC lifted its position in Citigroup by 1.9% during the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock valued at $459,000 after buying an additional 120 shares during the period. Solitude Financial Services raised its position in shares of Citigroup by 0.9% in the 1st quarter. Solitude Financial Services now owns 16,496 shares of the company's stock worth $1,171,000 after purchasing an additional 140 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of Citigroup by 2.1% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 6,902 shares of the company's stock worth $490,000 after purchasing an additional 142 shares during the last quarter. Finally, Insight Inv LLC raised its position in shares of Citigroup by 0.5% in the 1st quarter. Insight Inv LLC now owns 27,268 shares of the company's stock worth $1,936,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Activity

In related news, Director Peter B. Henry sold 3,000 shares of the business's stock in a transaction that occurred 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 directly owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.08% of the company's stock.

Citigroup Stock Performance

NYSE:C traded up $0.69 during mid-day 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 firm's fifty day moving average price is $93.63 and its two-hundred day moving average price is $79.86. The stock has a market cap of $183.19 billion, a P/E ratio of 14.70, a PEG ratio of 0.85 and a beta of 1.41. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $99.70. 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 announced 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 company had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm's revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

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

Analyst Ratings Changes

C has been the subject of several recent analyst reports. Barclays lifted their price target on Citigroup from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. UBS Group reaffirmed a "neutral" rating and issued a $89.00 price target on shares of Citigroup in a research report on Tuesday, July 15th. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. The Goldman Sachs Group lifted their price target on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Dbs Bank raised Citigroup from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $96.96.

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.