Trilogy Capital Inc. Takes Position in Citigroup Inc. $C

Key Points

• Trilogy Capital Inc. acquired a new position in Citigroup Inc. by purchasing 2,776 shares valued at approximately $236,000 during the 2nd quarter.
• Citigroup recently increased its quarterly dividend from $0.56 to $0.60, resulting in an annualized dividend yield of 2.5%.
• Analysts are bullish on Citigroup with ten analysts rating it as a Buy and a consensus price target of $99.68, while TD Cowen raised their target price from $85.00 to $95.00.

Trilogy Capital Inc. purchased a new position in Citigroup Inc. (NYSE:C - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,776 shares of the company's stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of C. Brighton Jones LLC raised its position in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after purchasing an additional 12,499 shares in the last quarter. NBC Securities Inc. increased its stake in shares of Citigroup by 108,133.3% in the first quarter. NBC Securities Inc. now owns 3,247 shares of the company's stock worth $230,000 after buying an additional 3,244 shares during the last quarter. Merit Financial Group LLC raised its holdings in Citigroup by 131.1% in the first quarter. Merit Financial Group LLC now owns 63,470 shares of the company's stock valued at $4,506,000 after acquiring an additional 36,001 shares in the last quarter. ST Germain D J Co. Inc. boosted its stake in Citigroup by 25.1% during the 1st quarter. ST Germain D J Co. Inc. now owns 2,351 shares of the company's stock valued at $167,000 after acquiring an additional 472 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its holdings in Citigroup by 79.2% during the 1st quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock worth $40,000 after acquiring an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Analysts Set New Price Targets

C has been the topic of a number of recent analyst reports. TD Cowen upped their target price on shares of Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a research note on Wednesday, July 16th. Oppenheimer cut their price objective on Citigroup from $124.00 to $123.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 23rd. Bank of America increased their target price on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, Morgan Stanley raised their price objective on Citigroup from $107.00 to $129.00 and gave the stock an "overweight" rating in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $99.68.

Citigroup Stock Down 1.5%

Shares of Citigroup stock opened at $97.25 on Friday. The stock has a market capitalization of $179.02 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 0.85 and a beta of 1.37. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. 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 business's 50 day simple moving average is $96.76 and its 200-day simple moving average is $82.71.

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, topping 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 during the quarter, compared to the consensus estimate of $20.75 billion. During the same period in the prior year, the business earned $1.52 EPS. The firm's revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

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

Insiders Place Their Bets

In related news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the sale, the director directly owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by corporate 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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