Vanguard Personalized Indexing Management LLC Purchases 25,303 Shares of Citigroup Inc. $C

Key Points

• Vanguard Personalized Indexing Management LLC increased its shareholding in Citigroup by 11.9%, acquiring an additional 25,303 shares in the second quarter, raising its total to 238,276 shares valued at $20.29 million.
• Citigroup's recent quarterly earnings surpassed estimates, with an EPS of $1.96 compared to a consensus of $1.61, and reported a revenue of $21.67 billion, up 8.2% year-over-year.
• The company recently raised its quarterly dividend to $0.60 per share from $0.56, yielding 2.6% annually, with a dividend payout ratio of 35.45%.

Vanguard Personalized Indexing Management LLC raised its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 11.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 238,276 shares of the company's stock after acquiring an additional 25,303 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Citigroup were worth $20,292,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of C. Private Advisory Group LLC boosted its position in shares of Citigroup by 20.8% during the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company's stock worth $4,940,000 after purchasing an additional 11,978 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Citigroup by 166.9% during the 4th 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 in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Citigroup by 109.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company's stock worth $88,458,000 after purchasing an additional 649,807 shares in the last quarter. Onyx Bridge Wealth Group LLC bought a new position in shares of Citigroup during the 1st quarter worth about $214,000. Finally, Hayek Kallen Investment Management boosted its position in shares of Citigroup by 125.0% during the 1st quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company's stock worth $1,103,000 after purchasing an additional 8,630 shares in the last quarter. Institutional investors own 71.72% of the company's stock.

Citigroup Trading Down 2.1%

NYSE:C opened at $93.87 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $172.81 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 0.82 and a beta of 1.37. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59. The firm has a 50-day moving average price of $97.00 and a two-hundred day moving average price of $83.78.

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, beating the consensus estimate of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, equities 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. Shareholders of record on Monday, August 4th were paid a $0.60 dividend. This is a positive change from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. This represents a $2.40 annualized dividend and a yield of 2.6%. Citigroup's dividend payout ratio (DPR) is 35.45%.

Insider Buying and Selling

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the sale, the director owned 2,140 shares in the company, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on C shares. Dbs Bank cut shares of Citigroup from a "moderate buy" rating to a "hold" rating in a research report on Monday, September 22nd. Keefe, Bruyette & Woods reissued a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. Bank of America upped their target price on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. 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 report on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of Citigroup from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock 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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