Citigroup Inc. $C Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 33.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,500 shares of the company’s stock after selling 3,726 shares during the quarter. Focus Financial Network Inc.’s holdings in Citigroup were worth $638,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. MorganRosel Wealth Management LLC acquired a new position in shares of Citigroup during the first quarter valued at $28,000. Accent Capital Management LLC boosted its position in Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares during the period. American National Bank & Trust acquired a new stake in shares of Citigroup during the 1st quarter valued at about $29,000. Truvestments Capital LLC lifted its holdings in shares of Citigroup by 131.6% during the 1st 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. Finally, Mascagni Wealth Management Inc. bought a new position in shares of Citigroup in the 4th quarter valued at approximately $34,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Trading Up 0.2%

NYSE:C opened at $102.64 on Friday. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $103.13. The business’s 50-day moving average price is $95.12 and its two-hundred day moving average price is $80.75. The firm has a market capitalization of $188.95 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 0.88 and a beta of 1.41. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 4th. This is an increase from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. Citigroup’s payout ratio is presently 35.45%.

Analyst Ratings Changes

C has been the topic of several recent analyst reports. Bank of America lifted their price target on Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, June 26th. Piper Sandler boosted their price objective on Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Wells Fargo & Company boosted their price objective on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Citigroup in a research note on Wednesday, July 16th. Finally, Morgan Stanley boosted their price objective on Citigroup from $103.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $97.68.

Insider Activity

In related news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the transaction, the director directly owned 2,140 shares in the company, valued at approximately $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.08% of the company’s stock.

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.