Vestmark Advisory Solutions Inc. Has $475,000 Stock Holdings in Citigroup Inc. $C

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Citigroup Inc. by 124.4% in Q1, now holding 6,686 shares valued at $475,000.
• Citigroup plans to pay a quarterly dividend of $0.60 per share, up from the previous $0.56, indicating a healthy dividend yield of 2.6%.
• Analysts have revised their price targets for Citigroup, with Wells Fargo raising it from $110.00 to $115.00 and Piper Sandler from $84.00 to $104.00, reflecting strong positive sentiments towards the stock.

Vestmark Advisory Solutions Inc. raised its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 124.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,686 shares of the company's stock after buying an additional 3,707 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Citigroup were worth $475,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of C. Sit Investment Associates Inc. increased its stake in shares of Citigroup by 0.5% during the 1st quarter. Sit Investment Associates Inc. now owns 112,645 shares of the company's stock worth $7,997,000 after purchasing an additional 570 shares during the last quarter. William B. Walkup & Associates Inc. increased its stake in shares of Citigroup by 6.2% during the 1st quarter. William B. Walkup & Associates Inc. now owns 4,285 shares of the company's stock worth $304,000 after purchasing an additional 250 shares during the last quarter. E Fund Management Co. Ltd. increased its stake in shares of Citigroup by 6.0% during the 1st quarter. E Fund Management Co. Ltd. now owns 4,863 shares of the company's stock worth $345,000 after purchasing an additional 277 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Citigroup by 5.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 57,488 shares of the company's stock worth $4,081,000 after purchasing an additional 2,904 shares during the last quarter. Finally, Triglav Skladi D.O.O. increased its stake in shares of Citigroup by 132.1% during the 1st quarter. Triglav Skladi D.O.O. now owns 110,674 shares of the company's stock worth $7,857,000 after purchasing an additional 63,000 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

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 transaction of $271,200.00. Following the transaction, the director owned 2,140 shares in the company, 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 hyperlink. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

C has been the topic of several analyst reports. Wall Street Zen upgraded shares of Citigroup from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Oppenheimer upped their price objective on shares of Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Piper Sandler upped their price objective on shares of Citigroup from $84.00 to $104.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. UBS Group reaffirmed a "neutral" rating and set a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Finally, The Goldman Sachs Group upped their price objective on shares of Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $96.54.

Citigroup Trading Down 0.7%

Shares of Citigroup stock traded down $0.6350 during trading on Thursday, hitting $92.5350. 17,633,063 shares of the company were exchanged, compared to its average volume of 15,728,550. The firm has a market capitalization of $170.35 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 0.81 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 firm's fifty day moving average price is $88.75 and its 200 day moving average price is $78.11. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same period in the previous year, the company earned $1.52 EPS. The company's revenue for the quarter 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 expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently disclosed 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 is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. Citigroup's dividend payout ratio (DPR) is presently 35.45%.

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.