Stance Capital LLC Makes New Investment in Citigroup Inc. $C

Key Points

• Stance Capital LLC acquired a new stake in Citigroup Inc., purchasing 22,730 shares valued at approximately $1,614,000 during the first quarter.
• Citigroup recently increased its quarterly dividend from $0.56 to $0.60, representing an annualized yield of 2.5% with a payout ratio of 35.45%.
• The company's latest earnings report showed Citigroup beating estimates with an EPS of $1.96 and revenue of $21.67 billion, reflecting an 8.2% increase compared to the same quarter last year.

Stance Capital LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 22,730 shares of the company's stock, valued at approximately $1,614,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in C. Goldman Sachs Group Inc. grew its stake 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 acquiring an additional 9,334,038 shares during the period. Nuveen LLC bought a new position in shares of Citigroup during the 1st quarter valued at approximately $578,100,000. Amundi raised its holdings in 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 buying an additional 6,026,268 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in 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 buying an additional 2,539,769 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG raised its holdings in 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 buying an additional 2,517,459 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Insiders Place Their Bets

In other Citigroup 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.08% of the company's stock.

Citigroup Stock Down 1.7%

Shares of C stock opened at $95.44 on Friday. The stock has a 50 day moving average of $92.56 and a 200 day moving average of $79.23. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The stock has a market cap of $175.69 billion, a P/E ratio of 14.10, a P/E/G ratio of 0.82 and a beta of 1.41. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $97.98.

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

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were paid a $0.60 dividend. This is a boost from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup's dividend payout ratio is presently 35.45%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on C. Evercore ISI set a $77.00 target price on Citigroup in a research note on Monday, July 7th. Oppenheimer raised their price objective on Citigroup from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. UBS Group reaffirmed a "neutral" rating and set a $89.00 price objective on shares of Citigroup in a research report on Tuesday, July 15th. Cowen initiated coverage on Citigroup in a report on Wednesday, May 14th. They issued a "hold" rating for the company. Finally, Piper Sandler raised their price target on Citigroup from $84.00 to $104.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.

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