Clarius Group LLC Has $1.60 Million Position in Citigroup Inc. $C

Clarius Group LLC lowered its holdings in Citigroup Inc. (NYSE:C) by 6.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,774 shares of the company’s stock after selling 1,390 shares during the quarter. Clarius Group LLC’s holdings in Citigroup were worth $1,598,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in C. Brighton Jones LLC increased its stake in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares during the period. NBC Securities Inc. increased its stake in Citigroup by 108,133.3% in the first quarter. NBC Securities Inc. now owns 3,247 shares of the company’s stock valued at $230,000 after acquiring an additional 3,244 shares during the period. Vest Financial LLC increased its stake in Citigroup by 73.5% in the first quarter. Vest Financial LLC now owns 15,482 shares of the company’s stock valued at $1,099,000 after acquiring an additional 6,559 shares during the period. Signal Advisors Wealth LLC bought a new stake in Citigroup in the first quarter valued at about $256,000. Finally, Procyon Advisors LLC increased its stake in Citigroup by 16.4% in the first quarter. Procyon Advisors LLC now owns 12,176 shares of the company’s stock valued at $864,000 after acquiring an additional 1,712 shares during the period. Institutional investors own 71.72% of the company’s stock.

Insiders Place Their Bets

In related news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, the director directly owned 2,140 shares in the company, valued at $193,456. This represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on C shares. Bank of America upped their target price on shares of Citigroup from $89.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, June 26th. UBS Group reaffirmed a “neutral” rating and set a $89.00 price objective on shares of Citigroup in a research note on Tuesday, July 15th. Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Barclays upped 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. Finally, Piper Sandler upped their price objective on shares of Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.68.

Citigroup Trading Up 0.2%

Shares of NYSE C opened at $97.58 on Friday. The company’s 50 day simple moving average is $96.79 and its 200 day simple moving average is $82.97. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The firm has a market capitalization of $179.64 billion, a P/E ratio of 14.41, a P/E/G ratio of 0.84 and a beta of 1.37. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same period in the prior year, the business posted $1.52 earnings per share. Citigroup’s revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. On average, 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. Investors of record on Monday, August 4th were issued a $0.60 dividend. This is an increase from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, August 4th. Citigroup’s dividend payout ratio (DPR) is currently 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.