KLP Kapitalforvaltning AS Has $76.18 Million Stake in Citigroup Inc. $C

KLP Kapitalforvaltning AS grew its holdings in Citigroup Inc. (NYSE:C) by 3.3% during the second quarter, Holdings Channel.com reports. The firm owned 894,941 shares of the company’s stock after buying an additional 28,400 shares during the period. KLP Kapitalforvaltning AS’s holdings in Citigroup were worth $76,177,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in C. MorganRosel Wealth Management LLC acquired a new position in shares of Citigroup in the 1st quarter valued at about $28,000. Accent Capital Management LLC increased its holdings in Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after buying an additional 212 shares during the last quarter. Truvestments Capital LLC increased its holdings in Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after buying an additional 246 shares during the last quarter. DHJJ Financial Advisors Ltd. increased its holdings in Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after buying an additional 253 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its holdings in Citigroup by 805.2% in 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 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 the stock in a transaction that occurred 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 sale, the director directly owned 2,140 shares of the company’s stock, valued at approximately $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Citigroup Trading Up 0.3%

Shares of C stock opened at $98.02 on Tuesday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. 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 business’s 50 day moving average is $96.84 and its two-hundred day moving average is $83.23. The company has a market cap of $180.45 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37.

Citigroup (NYSE:C) 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. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter last year, the company posted $1.52 earnings per share. 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. Equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were given a $0.60 dividend. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s dividend payout ratio (DPR) is currently 35.45%.

Wall Street Analyst Weigh In

A number of research firms recently commented on C. The Goldman Sachs Group increased their price objective on Citigroup from $85.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. UBS Group restated a “neutral” rating and issued a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Evercore ISI set a $77.00 price objective on Citigroup in a report on Monday, July 7th. Finally, Wells Fargo & Company increased their price objective on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus target price of $99.68.

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.