Citigroup Inc. $C Shares Sold by UMB Bank n.a.

Key Points

• UMB Bank n.a. has reduced its stake in Citigroup Inc. by 25%, selling 5,264 shares during the second quarter, leaving them with 15,788 shares valued at approximately $1.34 million.
• Citigroup recently reported earnings of $1.96 per share for the last quarter, exceeding analysts' expectations and showing an 8.2% increase in quarterly revenue year-over-year.
• The company's quarterly dividend was raised from $0.56 to $0.60 per share, representing a 2.3% dividend yield with a payout ratio of 35.45%.

UMB Bank n.a. trimmed its position in Citigroup Inc. (NYSE:C - Free Report) by 25.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 15,788 shares of the company's stock after selling 5,264 shares during the period. UMB Bank n.a.'s holdings in Citigroup were worth $1,344,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its stake 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 during the period. State of Wyoming acquired a new stake in shares of Citigroup in the fourth quarter valued at about $145,000. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of Citigroup in the fourth quarter valued at about $232,000. GF Fund Management CO. LTD. acquired a new stake in shares of Citigroup in the fourth quarter valued at about $66,000. Finally, North Star Asset Management Inc. increased its position in shares of Citigroup by 4.9% in the fourth quarter. North Star Asset Management Inc. now owns 3,698 shares of the company's stock valued at $260,000 after acquiring an additional 172 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Up 0.9%

Shares of C traded up $0.88 during mid-day trading on Monday, hitting $103.56. The company's stock had a trading volume of 11,434,353 shares, compared to its average volume of 12,393,878. 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 firm has a market capitalization of $190.64 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.88 and a beta of 1.41. The company's 50-day moving average is $95.45 and its 200-day moving average is $81.05. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $103.81.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data 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 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 analysts' expectations of $20.75 billion. During the same quarter last year, the firm earned $1.52 EPS. The business's quarterly revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal 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 2.3%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup's dividend payout ratio is presently 35.45%.

Insider Buying and Selling

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. Insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on C. The Goldman Sachs Group lifted their target price on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods reiterated a "buy" rating on shares of Citigroup in a report on Wednesday, July 16th. Dbs Bank upgraded Citigroup from a "hold" rating to a "moderate buy" rating in a report on Thursday, July 17th. TD Cowen boosted their price target on Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a report on Wednesday, July 16th. Finally, UBS Group reissued a "neutral" rating and set a $89.00 price target on shares of Citigroup in a report on Tuesday, July 15th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $97.68.

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.