Fort Washington Investment Advisors Inc. OH Buys 152,435 Shares of Citigroup Inc. $C

Fort Washington Investment Advisors Inc. OH increased its stake in shares of Citigroup Inc. (NYSE:C) by 39.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 543,019 shares of the company’s stock after buying an additional 152,435 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Citigroup were worth $46,222,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Private Advisory Group LLC boosted its holdings in Citigroup by 20.8% in the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock valued at $4,940,000 after purchasing an additional 11,978 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Citigroup by 109.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company’s stock valued at $88,458,000 after purchasing an additional 649,807 shares during the period. Brighton Jones LLC boosted its holdings in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,499 shares during the period. Onyx Bridge Wealth Group LLC bought a new stake in Citigroup in the 1st quarter valued at about $214,000. Finally, Pinnacle Financial Partners Inc boosted its holdings in Citigroup by 495.1% in the 1st quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company’s stock valued at $1,317,000 after purchasing an additional 15,436 shares during the period. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on C shares. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Oppenheimer reduced their price target on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Truist Financial increased their price target on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, UBS Group reiterated a “neutral” rating and set a $89.00 price target on shares of Citigroup in a research report on Tuesday, July 15th. Ten investment analysts have rated the stock with a Buy rating and seven have issued 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 $98.11.

Citigroup Price Performance

C stock opened at $103.41 on Friday. The company has a market capitalization of $190.37 billion, a P/E ratio of 15.27, a PEG ratio of 0.89 and a beta of 1.41. The company has a fifty day moving average price of $96.30 and a 200-day moving average price of $81.93. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. The company had revenue of $21.67 billion for 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%. Citigroup’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. Citigroup’s dividend payout ratio (DPR) is presently 35.45%.

Insider Activity at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction 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 in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

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.