Van Lanschot Kempen Investment Management N.V. Acquires 445,438 Shares of Citigroup Inc. $C

Key Points

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Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 18.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,905,124 shares of the company's stock after acquiring an additional 445,438 shares during the period. Citigroup makes up approximately 2.2% of Van Lanschot Kempen Investment Management N.V.'s portfolio, making the stock its 10th biggest holding. Van Lanschot Kempen Investment Management N.V. owned 0.15% of Citigroup worth $206,235,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in shares of Citigroup in the 4th quarter valued at about $28,000. MorganRosel Wealth Management LLC acquired a new position in Citigroup during the first quarter worth about $28,000. American National Bank & Trust purchased a new position in Citigroup in the first quarter valued at about $29,000. Accent Capital Management LLC increased its holdings in Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after buying an additional 212 shares in the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of Citigroup during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Price Performance

Shares of NYSE C traded down $0.6350 during trading on Thursday, reaching $92.5350. The company had a trading volume of 17,633,063 shares, compared to its average volume of 14,261,821. 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 twelve month low of $55.51 and a twelve month high of $96.90. The stock has a 50-day moving average price of $89.04 and a two-hundred day moving average price of $78.20. The stock has a market capitalization of $170.35 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 0.80 and a beta of 1.38.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS 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 business posted $1.52 EPS. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. Citigroup's payout ratio is presently 35.45%.

Analyst Ratings Changes

C has been the topic of a number of research reports. Wells Fargo & Company upped their price target on Citigroup from $110.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. The Goldman Sachs Group boosted their target price on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Truist Financial upped their target price on Citigroup from $93.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Finally, Dbs Bank upgraded shares of Citigroup from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $96.54.

Insider Buying and Selling at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by corporate insiders.

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.