130,672 Shares in Citigroup Inc. $C Bought by United Asset Strategies Inc.

Key Points

• United Asset Strategies Inc. has purchased a new stake in Citigroup Inc., acquiring 130,672 shares valued at approximately $9,276,000 during the 1st quarter of the year.
• Citigroup recently announced a quarterly dividend of $0.60 per share, an increase from its previous dividend, reflecting a commitment to returning value to shareholders.
• Analysts are optimistic about Citigroup's future performance, with the stock receiving a consensus rating of "Moderate Buy" and a price target of $96.54 from various investment firms.

United Asset Strategies Inc. purchased a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 130,672 shares of the company's stock, valued at approximately $9,276,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of C. Private Advisory Group LLC increased its stake in shares of Citigroup by 20.8% during the first quarter. Private Advisory Group LLC now owns 69,581 shares of the company's stock worth $4,940,000 after buying an additional 11,978 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Citigroup by 109.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company's stock worth $88,458,000 after buying an additional 649,807 shares during the period. Brighton Jones LLC increased its stake in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after buying an additional 12,499 shares during the period. Onyx Bridge Wealth Group LLC purchased a new stake in shares of Citigroup during the first quarter worth approximately $214,000. Finally, Pinnacle Financial Partners Inc increased its stake in shares of Citigroup by 495.1% during the first quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company's stock worth $1,317,000 after buying an additional 15,436 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Citigroup from $84.00 to $104.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Wall Street Zen upgraded shares of Citigroup from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Wells Fargo & Company upped their target price on shares of Citigroup from $110.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Cowen assumed coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating on the stock. Finally, TD Cowen increased their price target 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. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and an average target price of $96.54.

Insider Buying and Selling at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 2,140 shares of the company's stock, valued at approximately $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.08% of the company's stock.

Citigroup Stock Up 2.8%

Citigroup stock traded up $2.6140 during mid-day trading on Friday, hitting $95.2040. The company had a trading volume of 20,110,841 shares, compared to its average volume of 14,361,365. The stock has a market cap of $175.26 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.82 and a beta of 1.38. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $96.90. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The business has a fifty day moving average of $89.42 and a 200 day moving average of $78.31.

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, beating the consensus estimate of $1.61 by $0.35. The business had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company's revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal 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 issued a $0.60 dividend. 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 annualized dividend and a dividend yield of 2.5%. Citigroup's dividend payout ratio is currently 35.45%.

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.