Round Hill Asset Management Has $2.39 Million Stock Position in Citigroup Inc. $C

Key Points

• Round Hill Asset Management increased its holdings in Citigroup by 17.5%, reaching a total of 33,725 shares valued at approximately $2.4 million.
• Several institutional investors, including Pinnacle Financial Partners and OVERSEA CHINESE BANKING Corp, also significantly increased their stakes in Citigroup during the 1st quarter of the year.
• Citigroup recently declared a quarterly dividend of $0.60, up from $0.56, with an annual yield of 2.6% and a payout ratio of 35.45%.

Round Hill Asset Management increased its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 17.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,725 shares of the company's stock after acquiring an additional 5,026 shares during the period. Citigroup comprises 1.7% of Round Hill Asset Management's holdings, making the stock its 18th largest holding. Round Hill Asset Management's holdings in Citigroup were worth $2,394,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in C. Orion Capital Management LLC acquired a new stake in shares of Citigroup in the 4th quarter valued at $28,000. MorganRosel Wealth Management LLC acquired a new position in shares of Citigroup during the 1st quarter worth $28,000. Accent Capital Management LLC lifted its position in shares of Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company's stock worth $29,000 after buying an additional 212 shares during the last quarter. American National Bank & Trust acquired a new stake in Citigroup in the first quarter valued at about $29,000. Finally, Mascagni Wealth Management Inc. bought a new position in Citigroup in the fourth quarter valued at about $34,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Trading Down 0.7%

NYSE C traded down $0.6580 on Wednesday, reaching $93.0820. The company had a trading volume of 13,446,380 shares, compared to its average volume of 15,760,574. The firm has a market cap of $171.35 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 0.81 and a beta of 1.38. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $96.90. The business has a 50 day moving average of $88.46 and a two-hundred day moving average of $78.01.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the previous year, the company posted $1.52 EPS. The business's revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be given a $0.60 dividend. This is an increase from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.6%. Citigroup's dividend payout ratio is presently 35.45%.

Insider Activity at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction 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 in the company, valued at $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.08% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Oppenheimer increased their target price on shares of Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Morgan Stanley increased their price objective on shares of Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Wells Fargo & Company upped their price target on shares of Citigroup from $110.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. UBS Group reissued a "neutral" rating and set a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Finally, Bank of America boosted their price objective on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Ten 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 currently has an average rating of "Moderate Buy" and an average target price of $96.54.

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.