Board of the Pension Protection Fund Invests $1.02 Million in Citigroup Inc. $C

Board of the Pension Protection Fund bought a new position in Citigroup Inc. (NYSE:C) in the second quarter, Holdings Channel.com reports. The firm bought 12,000 shares of the company’s stock, valued at approximately $1,021,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Private Advisory Group LLC lifted its stake in shares of Citigroup by 20.8% in the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock valued at $4,940,000 after acquiring an additional 11,978 shares during the last quarter. Brighton Jones LLC raised its position 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 purchasing an additional 12,499 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in Citigroup by 109.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company’s stock valued at $88,458,000 after purchasing an additional 649,807 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new position in Citigroup in the first quarter valued at about $214,000. Finally, Hayek Kallen Investment Management raised its holdings in Citigroup by 125.0% in the 1st quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock valued at $1,103,000 after buying an additional 8,630 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on C. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Evercore ISI set a $77.00 price target on shares of Citigroup in a research note on Monday, July 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research report on Wednesday. Oppenheimer lowered their target price on Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Finally, Truist Financial raised their target price on Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $99.68.

Citigroup Price Performance

Shares of NYSE C opened at $93.87 on Friday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The firm has a fifty day simple moving average of $97.00 and a 200 day simple moving average of $83.78. The company has a market capitalization of $172.81 billion, a PE ratio of 13.87, a P/E/G ratio of 0.82 and a beta of 1.37. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61.

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

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were issued a $0.60 dividend. The ex-dividend date 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 2.6%. Citigroup’s dividend payout ratio is presently 35.45%.

Insiders Place Their Bets

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the sale, the director directly owned 2,140 shares in the company, valued at approximately $193,456. The trade was 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.