Pallas Capital Advisors LLC Has $2.54 Million Stock Holdings in Citigroup Inc. $C

Pallas Capital Advisors LLC lessened its position in Citigroup Inc. (NYSE:C) by 3.6% during the second quarter, Holdings Channel reports. The institutional investor owned 29,836 shares of the company’s stock after selling 1,128 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Citigroup were worth $2,540,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in C. Brighton Jones LLC boosted its stake 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 acquiring an additional 12,499 shares during the period. State of Wyoming bought a new stake in shares of Citigroup during the 4th quarter valued at $145,000. Zurich Insurance Group Ltd FI bought a new stake in shares of Citigroup during the 4th quarter valued at $25,580,000. Woodline Partners LP bought a new stake in shares of Citigroup during the 4th quarter valued at $7,995,000. Finally, Waverly Advisors LLC lifted its position in shares of Citigroup by 65.7% during the 4th quarter. Waverly Advisors LLC now owns 30,600 shares of the company’s stock valued at $2,154,000 after acquiring an additional 12,130 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Transactions at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the company’s stock in a transaction dated 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 transaction, the director owned 2,140 shares of the company’s stock, valued at $193,456. This represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is currently owned by insiders.

Citigroup Price Performance

Shares of C opened at $101.71 on Thursday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $102.21. The business has a 50-day simple moving average of $94.50 and a two-hundred day simple moving average of $80.31. 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 stock has a market cap of $187.24 billion, a PE ratio of 15.02, a PEG ratio of 0.86 and a beta of 1.41.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (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 business had revenue of $21.67 billion during the quarter, compared to analysts’ expectations of $20.75 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The business’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. Analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, August 4th. This is a boost from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s payout ratio is currently 35.45%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group upped their target price on Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Oppenheimer boosted their price target on Citigroup from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. UBS Group reissued a “neutral” rating and set a $89.00 price target on shares of Citigroup in a report on Tuesday, July 15th. Finally, TD Cowen boosted their price target on Citigroup from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Wednesday, July 16th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $97.68.

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.