Citigroup Inc. $C Position Boosted by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS AM increased its stake in Citigroup Inc. by 3.8%, acquiring 480,581 shares, bringing its total holdings to 12,978,393 shares valued at approximately $921.3 million.
• Citigroup reported earnings per share (EPS) of $1.96 for the last quarter, exceeding analysts' expectations of $1.61, and announced a quarterly dividend increase to $0.60 per share.
• Wall Street analysts have a generally positive outlook on Citigroup, with several raising their target prices, reflecting an average rating of "Moderate Buy" with a consensus price target of $96.96.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,978,393 shares of the company's stock after acquiring an additional 480,581 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.69% of Citigroup worth $921,336,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. True Wealth Design LLC lifted its holdings in shares of Citigroup by 11.1% during the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after acquiring an additional 119 shares during the period. Continuum Advisory LLC lifted its holdings in shares of Citigroup by 1.9% during the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock worth $459,000 after acquiring an additional 120 shares during the period. Solitude Financial Services increased its position in Citigroup by 0.9% during the 1st quarter. Solitude Financial Services now owns 16,496 shares of the company's stock worth $1,171,000 after purchasing an additional 140 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Citigroup by 2.1% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 6,902 shares of the company's stock worth $490,000 after purchasing an additional 142 shares in the last quarter. Finally, Insight Inv LLC increased its position in Citigroup by 0.5% during the 1st quarter. Insight Inv LLC now owns 27,268 shares of the company's stock worth $1,936,000 after purchasing an additional 146 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

C has been the subject of a number of research analyst reports. Dbs Bank raised shares of Citigroup from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. Barclays increased their target price on shares of Citigroup from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. The Goldman Sachs Group increased their price objective on shares of Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. UBS Group reaffirmed a "neutral" rating and issued a $89.00 price objective on shares of Citigroup in a research report on Tuesday, July 15th. Finally, Truist Financial increased their price objective on shares of Citigroup from $99.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $96.96.

Insider Transactions at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was 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 approximately $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.08% of the company's stock.

Citigroup Stock Up 0.7%

Shares of C stock traded up $0.69 during mid-day trading on Friday, reaching $99.51. 9,502,253 shares of the company were exchanged, compared to its average volume of 12,405,087. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $99.70. 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 market capitalization of $183.19 billion, a P/E ratio of 14.70, a P/E/G ratio of 0.85 and a beta of 1.41. The business's 50 day simple moving average is $93.63 and its 200 day simple moving average is $79.86.

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

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders 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. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup's dividend payout ratio is presently 35.45%.

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.