Addison Capital Co Increases Stake in Citigroup Inc. $C

Addison Capital Co lifted its position in Citigroup Inc. (NYSE:C) by 23.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 3,765 shares of the company’s stock after acquiring an additional 719 shares during the period. Addison Capital Co’s holdings in Citigroup were worth $267,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in C. True Wealth Design LLC lifted its stake in Citigroup by 11.1% in the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock worth $84,000 after purchasing an additional 119 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of Citigroup by 1.9% in the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company’s stock worth $459,000 after buying an additional 120 shares during the period. Solitude Financial Services raised its holdings in shares of Citigroup by 0.9% in the first quarter. Solitude Financial Services now owns 16,496 shares of the company’s stock worth $1,171,000 after buying an additional 140 shares during the period. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Citigroup by 2.1% during the 1st 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, Insight Inv LLC boosted its holdings in Citigroup by 0.5% during the 1st quarter. Insight Inv LLC now owns 27,268 shares of the company’s stock valued at $1,936,000 after acquiring an additional 146 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on C shares. Barclays increased their target price on Citigroup from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Dbs Bank upgraded shares of Citigroup from a “hold” rating to a “moderate buy” rating in a report on Thursday, July 17th. Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. UBS Group reiterated a “neutral” rating and set a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Finally, Bank of America upped their target price on shares of Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.96.

Citigroup Stock Performance

C stock opened at $97.27 on Thursday. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $98.38. The business has a 50-day moving average price of $93.21 and a 200 day moving average price of $79.58. The company has a market capitalization of $179.06 billion, a P/E ratio of 14.37, a PEG ratio of 0.84 and a beta of 1.41. 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 posted its earnings results on Tuesday, July 15th. The company reported $1.96 EPS 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 business 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 firm posted $1.52 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal 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 paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s payout ratio is presently 35.45%.

Insiders Place Their Bets

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction 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 sale, the director owned 2,140 shares of the company’s stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

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.