111 Capital Grows Position in Citigroup Inc. $C

111 Capital boosted its position in shares of Citigroup Inc. (NYSE:C) by 88.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,463 shares of the company’s stock after buying an additional 9,144 shares during the period. 111 Capital’s holdings in Citigroup were worth $1,657,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. MorganRosel Wealth Management LLC purchased a new stake in Citigroup in the 1st quarter valued at $28,000. Accent Capital Management LLC increased its stake in Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares during the period. Truvestments Capital LLC raised its holdings in shares of Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after buying an additional 246 shares during the last quarter. DHJJ Financial Advisors Ltd. raised its holdings in shares of Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after buying an additional 253 shares during the last quarter. Finally, HHM Wealth Advisors LLC boosted its stake in shares of Citigroup by 805.2% during the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after buying an additional 467 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on C. UBS Group restated a “neutral” rating and issued a $89.00 price target on shares of Citigroup in a research report on Tuesday, July 15th. Oppenheimer dropped their target price on Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Barclays increased their price target on Citigroup from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Evercore ISI set a $77.00 price objective on shares of Citigroup in a research note on Monday, July 7th. Finally, Truist Financial raised their target price on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $99.68.

Insiders Place Their Bets

In other news, Director Peter B. Henry sold 3,000 shares of the firm’s stock in a transaction on 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 in the company, valued at $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.08% of the company’s stock.

Citigroup Stock Up 0.2%

C stock opened at $97.58 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The company’s 50-day moving average price is $96.79 and its 200 day moving average price is $82.89. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59. The company has a market cap of $179.64 billion, a P/E ratio of 14.41, a P/E/G ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. The company had revenue of $21.67 billion during the quarter, compared to the consensus estimate 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 period last year, the firm earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, research analysts expect 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 given a dividend of $0.60 per share. The ex-dividend date was Monday, August 4th. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Citigroup’s dividend payout ratio (DPR) is presently 35.45%.

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.