UniSuper Management Pty Ltd Grows Position in Citigroup Inc. $C

Key Points

• UniSuper Management Pty Ltd increased its stake in Citigroup Inc. by 1.2%, holding over 1.1 million shares valued at approximately $80.9 million, making Citigroup its 25th largest investment.
• Research analysts have shown positive sentiment with multiple firms raising their price targets for Citigroup stock, indicating a consensus average target price of $96.96 and a "Moderate Buy" rating.
• Citigroup recently declared a quarterly dividend of $0.60, up from $0.56, reflecting a solid 2.5% dividend yield, reinforcing the company's commitment to returning value to shareholders.

UniSuper Management Pty Ltd boosted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,139,423 shares of the company's stock after acquiring an additional 13,705 shares during the quarter. Citigroup comprises approximately 0.6% of UniSuper Management Pty Ltd's portfolio, making the stock its 25th biggest holding. UniSuper Management Pty Ltd owned about 0.06% of Citigroup worth $80,888,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Richwood Investment Advisors LLC raised its position in Citigroup by 13.8% in the first quarter. Richwood Investment Advisors LLC now owns 4,817 shares of the company's stock worth $342,000 after acquiring an additional 585 shares in the last quarter. Parkwood LLC purchased a new position in shares of Citigroup in the first quarter valued at $6,693,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of Citigroup in the first quarter valued at $10,436,000. Plancorp LLC purchased a new position in shares of Citigroup in the first quarter valued at $223,000. Finally, Nissay Asset Management Corp Japan ADV increased its position in shares of Citigroup by 0.4% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 236,009 shares of the company's stock valued at $16,754,000 after buying an additional 855 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group raised their price target on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Oppenheimer lifted their price objective on Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Piper Sandler lifted their price objective on Citigroup from $84.00 to $104.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Wells Fargo & Company lifted their price objective on Citigroup from $110.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, Bank of America lifted their price objective on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $96.96.

Insider Buying and Selling at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.08% of the stock is owned by corporate insiders.

Citigroup Stock Down 1.7%

Shares of NYSE:C opened at $95.44 on Friday. The stock's 50-day moving average price is $92.56 and its two-hundred day moving average price is $79.23. 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 Inc. has a 12-month low of $55.51 and a 12-month high of $97.98. The firm has a market cap of $175.69 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 0.82 and a beta of 1.41.

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

Citigroup Increases Dividend

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

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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