Bank Hapoalim BM Sells 401 Shares of Citigroup Inc. $C

Bank Hapoalim BM lowered its holdings in Citigroup Inc. (NYSE:C) by 4.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,624 shares of the company’s stock after selling 401 shares during the quarter. Bank Hapoalim BM’s holdings in Citigroup were worth $734,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of C. Brighton Jones LLC increased its holdings in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares during the period. NBC Securities Inc. increased its holdings in Citigroup by 108,133.3% during the 1st quarter. NBC Securities Inc. now owns 3,247 shares of the company’s stock worth $230,000 after acquiring an additional 3,244 shares during the period. Matrix Trust Co increased its holdings in Citigroup by 55.9% during the 1st quarter. Matrix Trust Co now owns 2,113 shares of the company’s stock worth $150,000 after acquiring an additional 758 shares during the period. Vest Financial LLC increased its holdings in Citigroup by 73.5% during the 1st quarter. Vest Financial LLC now owns 15,482 shares of the company’s stock worth $1,099,000 after acquiring an additional 6,559 shares during the period. Finally, Armstrong Fleming & Moore Inc bought a new stake in Citigroup during the 1st quarter worth approximately $470,000. Institutional investors own 71.72% of the company’s stock.

Insider Activity

In other news, Director Peter B. Henry sold 3,000 shares of the company’s stock in a transaction 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 completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

C has been the topic of a number of analyst reports. Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Piper Sandler upped their target price on shares of Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. The Goldman Sachs Group boosted their price target on shares of Citigroup from $85.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Truist Financial boosted their price target on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of Citigroup in a research note on Wednesday, July 16th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.68.

Citigroup Price Performance

Shares of Citigroup stock opened at $97.58 on Friday. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59. The stock has a market capitalization of $179.64 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a fifty day moving average of $96.79 and a 200-day moving average of $82.89. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current 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 (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 company had revenue of $21.67 billion during the quarter, compared to analysts’ expectations of $20.75 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts expect 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. Stockholders of record on Monday, August 4th were paid a $0.60 dividend. 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. Citigroup’s dividend payout ratio 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.