Rise Advisors LLC Raises Stock Position in Citigroup Inc. $C

Key Points

• Rise Advisors LLC significantly increased its stake in Citigroup Inc. by 644.1% during the second quarter, owning a total of 8,096 shares valued at approximately $689,000.
• Several large institutional investors, including Goldman Sachs and Amundi, also boosted their holdings in Citigroup during the first quarter, highlighting strong investor interest.
• Citigroup's recent earnings report exceeded analysts' expectations, with an EPS of $1.96 and revenue of $21.67 billion, marking a year-over-year revenue increase of 8.2%.

Rise Advisors LLC boosted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 644.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,096 shares of the company's stock after buying an additional 7,008 shares during the period. Rise Advisors LLC's holdings in Citigroup were worth $689,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in shares of Citigroup by 179.5% during 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 purchasing an additional 9,334,038 shares during the last quarter. Nuveen LLC bought a new position in shares of Citigroup during the 1st quarter valued at about $578,100,000. Amundi boosted its holdings in shares of Citigroup by 78.4% during the 1st quarter. Amundi now owns 13,713,517 shares of the company's stock valued at $973,523,000 after purchasing an additional 6,026,268 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Citigroup by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company's stock valued at $2,917,794,000 after purchasing an additional 2,539,769 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Citigroup by 2,230.8% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company's stock valued at $186,726,000 after purchasing an additional 2,517,459 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Keefe, Bruyette & Woods reissued a "buy" rating on shares of Citigroup in a report on Wednesday, July 16th. Truist Financial increased their price target on shares of Citigroup from $99.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. UBS Group reaffirmed a "neutral" rating and issued a $89.00 price target on shares of Citigroup in a report on Tuesday, July 15th. Bank of America increased their price target on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Finally, Morgan Stanley increased 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. 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.com, Citigroup has a consensus rating of "Moderate Buy" and an average target price of $96.96.

Citigroup Stock Performance

Shares of C stock opened at $99.51 on Monday. The firm has a market cap of $183.19 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 0.85 and a beta of 1.41. The company's 50 day moving average is $93.63 and its 200 day moving average is $79.88. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $99.70.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.35. The company had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. Citigroup's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

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

Insider Transactions at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of Citigroup 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 transaction, the director directly owned 2,140 shares of the company's stock, valued at $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is currently owned by insiders.

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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