Citigroup Inc. $C Shares Sold by Vident Advisory LLC

Key Points

• Vident Advisory LLC reduced its stake in Citigroup Inc. by 15.1%, selling 12,606 shares to hold a total of 70,732 shares valued at approximately $5 million.
• Goldman Sachs significantly increased its investment in Citigroup by 179.5%, acquiring an additional 9.3 million shares, and now owns 14.5 million shares valued at over $1 billion.
• Citigroup reported earnings of $1.96 per share for the last quarter, surpassing expectations and showing an 8.2% year-over-year revenue increase.

Vident Advisory LLC lowered its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 15.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,732 shares of the company's stock after selling 12,606 shares during the period. Vident Advisory LLC's holdings in Citigroup were worth $5,021,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in C. Brighton Jones LLC lifted its position in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after acquiring an additional 12,499 shares during the last quarter. AXA S.A. raised its position in Citigroup by 20.5% during the 4th quarter. AXA S.A. now owns 360,901 shares of the company's stock worth $25,404,000 after buying an additional 61,505 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in Citigroup by 17.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 189,599 shares of the company's stock worth $13,346,000 after acquiring an additional 28,061 shares during the period. American Trust Investment Advisors LLC increased its holdings in shares of Citigroup by 26.3% during the 4th quarter. American Trust Investment Advisors LLC now owns 11,250 shares of the company's stock valued at $792,000 after purchasing an additional 2,345 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Citigroup in the 4th quarter valued at $52,953,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction on 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 directly owned 2,140 shares in the company, valued at $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on C. Evercore ISI set a $77.00 price objective on Citigroup in a research report on Monday, July 7th. Bank of America upped their price target on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Wells Fargo & Company lifted their price objective on Citigroup from $110.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. TD Cowen raised their target price on Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a research report on Wednesday, July 16th. Finally, The Goldman Sachs Group boosted their price target on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $96.96.

Citigroup Trading Up 2.2%

C traded up $2.08 during trading hours on Thursday, reaching $97.11. The company's stock had a trading volume of 9,012,456 shares, compared to its average volume of 15,572,563. The business's 50-day moving average is $92.09 and its 200-day moving average is $79.10. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $178.76 billion, a PE ratio of 14.34, a P/E/G ratio of 0.83 and a beta of 1.41. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $97.49.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. The business 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 company's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

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