Citigroup Inc. $C Shares Acquired by AMF Tjanstepension AB

AMF Tjanstepension AB grew its holdings in shares of Citigroup Inc. (NYSE:C) by 44.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 855,305 shares of the company’s stock after buying an additional 261,476 shares during the quarter. AMF Tjanstepension AB’s holdings in Citigroup were worth $72,835,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in C. MorganRosel Wealth Management LLC acquired a new stake in Citigroup in the 1st quarter valued at $28,000. Accent Capital Management LLC boosted its position in shares of Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after buying an additional 212 shares during the period. Truvestments Capital LLC boosted its position in shares of Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after buying an additional 246 shares during the period. DHJJ Financial Advisors Ltd. raised its holdings in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after buying an additional 253 shares during the period. Finally, HHM Wealth Advisors LLC lifted its position in Citigroup by 805.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after acquiring an additional 467 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on C. Evercore ISI set a $77.00 price objective on shares of Citigroup in a research report on Monday, July 7th. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Dbs Bank downgraded shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. UBS Group reissued a “neutral” rating and issued a $89.00 price objective on shares of Citigroup in a research report on Tuesday, July 15th. Finally, Morgan Stanley lifted their target price on Citigroup from $107.00 to $129.00 and gave the stock an “overweight” rating in a research report on Monday. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $99.68.

Citigroup Stock Up 0.2%

C stock opened at $97.58 on Friday. The firm has a market cap of $179.64 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59. The firm has a fifty day moving average price of $96.79 and a two-hundred day moving average price of $82.89. 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 quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS 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 during the quarter, compared to analyst estimates of $20.75 billion. During the same period in the previous year, the business posted $1.52 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 4th. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s payout ratio is currently 35.45%.

Insider Activity

In related news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 2,140 shares in the company, valued at $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.