Plato Investment Management Ltd Purchases 206 Shares of Citigroup Inc. $C

Plato Investment Management Ltd increased its position in shares of Citigroup Inc. (NYSE:C) by 0.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,872 shares of the company’s stock after purchasing an additional 206 shares during the period. Plato Investment Management Ltd’s holdings in Citigroup were worth $4,512,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Orion Capital Management LLC bought a new stake in Citigroup in the 4th quarter valued at $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Citigroup during the 1st quarter worth about $28,000. American National Bank & Trust acquired a new stake in shares of Citigroup during the 1st quarter valued at about $29,000. Accent Capital Management LLC increased its stake in Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the period. Finally, Truvestments Capital LLC increased its stake in Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after acquiring an additional 246 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on C. Wells Fargo & Company raised their price target on shares of Citigroup from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Evercore ISI set a $77.00 target price on Citigroup in a report on Monday, July 7th. The Goldman Sachs Group boosted their price target on Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Piper Sandler upped their price target on Citigroup from $84.00 to $104.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Finally, Bank of America lifted their price objective on Citigroup from $89.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, June 26th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.96.

Insiders Place Their Bets

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

Citigroup Stock Performance

Shares of NYSE:C opened at $97.31 on Wednesday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $98.14. The firm has a market cap of $179.14 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 0.83 and a beta of 1.41. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. The business has a fifty day moving average of $93.00 and a 200-day moving average of $79.45.

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

Citigroup Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s dividend payout ratio (DPR) is 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.