Lansforsakringar Fondforvaltning AB publ Lowers Stock Holdings in Citigroup Inc. $C

Lansforsakringar Fondforvaltning AB publ trimmed its stake in Citigroup Inc. (NYSE:C) by 0.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 730,817 shares of the company’s stock after selling 1,714 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Citigroup were worth $51,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Private Advisory Group LLC lifted its position 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 worth $4,940,000 after purchasing an additional 11,978 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its position in Citigroup by 109.0% during 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 acquiring an additional 649,807 shares during the last quarter. Brighton Jones LLC lifted its position in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares during the last quarter. Onyx Bridge Wealth Group LLC purchased a new stake in Citigroup during the first quarter valued at approximately $214,000. Finally, Pinnacle Financial Partners Inc lifted its position in Citigroup by 495.1% during the first quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company’s stock valued at $1,317,000 after acquiring an additional 15,436 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

C opened at $96.98 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The company has a market cap of $178.52 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 0.83 and a beta of 1.38. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $97.45. The firm’s fifty day simple moving average is $90.50 and its two-hundred day simple moving average is $78.62.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating 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 company’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared 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 an increase from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s payout ratio is 35.45%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Truist Financial increased their target price on shares of Citigroup from $93.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Barclays increased their price objective on shares of Citigroup from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. The Goldman Sachs Group increased their price objective 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. Oppenheimer increased their price objective on shares of Citigroup from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Cowen began coverage on shares of Citigroup in a research report on Wednesday, May 14th. They set a “hold” rating on the stock. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $96.54.

Insider Buying and Selling at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, the director directly owned 2,140 shares of the company’s stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.08% of the company’s stock.

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.