Union Bancaire Privee UBP SA Has $9.09 Million Holdings in Citigroup Inc. $C

Key Points

• Union Bancaire Privee UBP SA reduced its holdings in Citigroup by 3.0% in Q2, owning 116,947 shares valued at approximately $9.09 million at the end of the reporting period.
• Citigroup reported earnings per share of $1.96 for the last quarter, exceeding analysts' expectations of $1.61, with revenues of $21.67 billion.
• The company recently increased its quarterly dividend to $0.60 per share, up from $0.56, representing a dividend yield of 2.3%.

Union Bancaire Privee UBP SA cut its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,947 shares of the company's stock after selling 3,585 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Citigroup were worth $9,093,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after purchasing an additional 12,499 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in Citigroup by 3.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 20,872 shares of the company's stock worth $1,482,000 after purchasing an additional 615 shares during the period. American National Bank & Trust acquired a new stake in Citigroup in the first quarter worth $29,000. Worth Asset Management LLC acquired a new stake in Citigroup in the first quarter worth $408,000. Finally, NBC Securities Inc. grew its holdings in 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 purchasing an additional 3,244 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Down 0.3%

Citigroup stock opened at $103.11 on Tuesday. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59. The firm has a market capitalization of $189.82 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 0.89 and a beta of 1.41. The firm's fifty day moving average price is $96.52 and its two-hundred day moving average price is $82.27. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating 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 firm had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same period last year, the firm 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. On average, equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were given a dividend of $0.60 per share. The ex-dividend date of this dividend 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 dividend yield of 2.3%. Citigroup's payout ratio is 35.45%.

Insider Buying and Selling at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the transaction, the director directly owned 2,140 shares of the company's stock, valued at $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on C. Oppenheimer reduced their price target on shares of Citigroup from $124.00 to $123.00 and set an "outperform" rating for the company in a report on Tuesday, September 23rd. Evercore ISI set a $77.00 price target on shares of Citigroup in a report on Monday, July 7th. Morgan Stanley raised their price target on shares of Citigroup from $107.00 to $129.00 and gave the stock an "overweight" rating in a report on Monday. Keefe, Bruyette & Woods restated a "buy" rating on shares of Citigroup in a report on Wednesday, July 16th. Finally, Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $99.68.

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.

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