Symmetry Partners LLC Makes New Investment in Citigroup Inc. $C

Key Points

• Symmetry Partners LLC has acquired 3,115 shares of Citigroup Inc., valued at approximately $265,000, during the 2nd quarter.
• Citigroup recently reported an EPS of $1.96 for the last quarter, surpassing estimates, and its annualized dividend has increased to $2.40 per share.
• Several institutional investors have recently adjusted their stakes in Citigroup, with 71.72% of the stock currently owned by hedge funds and other institutional investors.

Symmetry Partners LLC acquired a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,115 shares of the company's stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new position in shares of Citigroup during the 1st quarter valued at $28,000. Accent Capital Management LLC lifted its position in 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 acquiring an additional 212 shares during the last quarter. American National Bank & Trust acquired a new position in shares of Citigroup during the first quarter valued at about $29,000. Truvestments Capital LLC grew its holdings in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after purchasing an additional 246 shares in the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of Citigroup in the 4th quarter valued at $34,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Trading Up 1.3%

Shares of C stock opened at $103.41 on Friday. The company has a market capitalization of $190.37 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 0.89 and a beta of 1.41. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50-day simple moving average of $96.30 and a two-hundred day simple moving average of $81.93.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate 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 net margin of 8.44% and a return on equity of 7.29%. Citigroup's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. Research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were given a dividend of $0.60 per share. The ex-dividend date was Monday, August 4th. This is an increase from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. Citigroup's dividend payout ratio (DPR) is 35.45%.

Insider Activity

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 shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the sale, the director directly owned 2,140 shares of the company's stock, valued at $193,456. The trade was a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Dbs Bank downgraded Citigroup from a "moderate buy" rating to a "hold" rating in a research report on Monday, September 22nd. Piper Sandler boosted their price objective on shares of Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Truist Financial upped their price objective on Citigroup from $105.00 to $112.00 and gave the stock a "buy" rating in a research note on Wednesday. TD Cowen upped their price objective on Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a report on Wednesday, July 16th. Finally, Oppenheimer dropped their target price on shares of Citigroup from $124.00 to $123.00 and set an "outperform" rating for the company in a research report on Tuesday, September 23rd. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $98.11.

Citigroup Company 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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