7,111 Shares in Citigroup Inc. $C Acquired by Kaufman Rossin Wealth LLC

Kaufman Rossin Wealth LLC bought a new stake in Citigroup Inc. (NYSE:C) in the 1st quarter, HoldingsChannel reports. The fund bought 7,111 shares of the company’s stock, valued at approximately $505,000.

Several other institutional investors and hedge funds have also bought and sold shares of C. Price T Rowe Associates Inc. MD lifted its holdings in shares of Citigroup by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after purchasing an additional 2,539,769 shares during the last quarter. Candriam S.C.A. raised its stake in Citigroup by 8.9% in the first quarter. Candriam S.C.A. now owns 218,775 shares of the company’s stock valued at $15,531,000 after buying an additional 17,915 shares during the last quarter. Banco BTG Pactual S.A. boosted its holdings in Citigroup by 167.1% in the first quarter. Banco BTG Pactual S.A. now owns 80,126 shares of the company’s stock worth $5,688,000 after acquiring an additional 50,126 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Citigroup by 2.1% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 6,902 shares of the company’s stock worth $490,000 after acquiring an additional 142 shares during the last quarter. Finally, Capital Analysts LLC increased its holdings in shares of Citigroup by 2.1% during the first quarter. Capital Analysts LLC now owns 231,071 shares of the company’s stock valued at $16,404,000 after acquiring an additional 4,643 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Down 0.7%

Citigroup stock opened at $93.0820 on Thursday. The firm has a market cap of $171.35 billion, a PE ratio of 13.75, a P/E/G ratio of 0.81 and a beta of 1.38. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $96.90. The stock’s 50 day simple moving average is $88.75 and its two-hundred day simple moving average is $78.11. 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 posted its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to analysts’ expectations of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. Analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be paid a $0.60 dividend. The ex-dividend date is Monday, August 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. This is a boost from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio (DPR) is presently 35.45%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Evercore ISI set a $77.00 target price on shares of Citigroup in a research note on Monday, July 7th. Barclays lifted their price objective on shares of Citigroup from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. TD Cowen raised their target price on Citigroup from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Wednesday, July 16th. Piper Sandler lifted their price target on Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Finally, UBS Group reiterated a “neutral” rating and set a $89.00 price target on shares of Citigroup in a research note on Tuesday, July 15th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.54.

Insiders Place Their Bets

In other Citigroup 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 transaction of $271,200.00. Following the transaction, the director owned 2,140 shares in the company, valued at approximately $193,456. This represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.