Meiji Yasuda Life Insurance Co Lowers Position in Citigroup Inc. $C

Meiji Yasuda Life Insurance Co cut its stake in Citigroup Inc. (NYSE:C) by 3.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 37,953 shares of the company’s stock after selling 1,321 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Citigroup were worth $2,694,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in C. Orion Capital Management LLC bought a new position in shares of Citigroup during the fourth quarter valued at approximately $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Citigroup during the first quarter valued at approximately $28,000. American National Bank & Trust bought a new position in shares of Citigroup during the first quarter valued at approximately $29,000. Accent Capital Management LLC increased its stake in shares of Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares in the last quarter. Finally, Truvestments Capital LLC increased its stake in shares of Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Evercore ISI set a $77.00 target price on shares of Citigroup in a research note on Monday, July 7th. Oppenheimer raised their target price on shares of Citigroup from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Wells Fargo & Company raised their target price on shares of Citigroup from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Truist Financial raised their price target on shares of Citigroup from $99.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Finally, Barclays raised their price target on shares of Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.96.

Insider Buying and Selling at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction on Wednesday, July 16th. The shares were 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 in the company, valued at $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Citigroup Trading Down 1.7%

Shares of C stock opened at $95.44 on Monday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $97.98. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The firm’s 50 day moving average is $92.56 and its 200 day moving average is $79.22. The stock has a market capitalization of $175.69 billion, a P/E ratio of 14.10, a P/E/G ratio of 0.82 and a beta of 1.41.

Citigroup (NYSE:C) last issued its quarterly earnings results 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. The business had revenue of $21.67 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. Research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current 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 dividend of $0.60 per share. The ex-dividend date was Monday, August 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. This is a boost from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio 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.