OMERS ADMINISTRATION Corp Has $8.94 Million Stock Holdings in Citigroup Inc. $C

OMERS ADMINISTRATION Corp raised its holdings in shares of Citigroup Inc. (NYSE:C) by 26.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 125,924 shares of the company’s stock after acquiring an additional 26,547 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Citigroup were worth $8,939,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Private Advisory Group LLC increased its holdings in Citigroup by 20.8% in the first quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock valued at $4,940,000 after purchasing an additional 11,978 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Citigroup by 109.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company’s stock worth $88,458,000 after buying an additional 649,807 shares during the period. Brighton Jones LLC increased its stake in shares of Citigroup by 166.9% in the 4th 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 acquired a new stake in shares of Citigroup in the 1st quarter valued at approximately $214,000. Finally, Pinnacle Financial Partners Inc boosted its stake in Citigroup by 495.1% during the 1st quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company’s stock worth $1,317,000 after acquiring an additional 15,436 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Up 1.3%

NYSE C opened at $96.98 on Thursday. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $97.45. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s 50 day moving average price is $90.50 and its two-hundred day moving average price is $78.62. The stock has a market capitalization 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 (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. 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 period last year, the business earned $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. As a group, analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. This is an increase from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s payout ratio is 35.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on C shares. Barclays upped their target price on shares of Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Dbs Bank raised Citigroup from a “hold” rating to a “moderate buy” rating in a research note on Thursday, July 17th. Oppenheimer boosted their target price on Citigroup from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Cowen began coverage on Citigroup in a report on Wednesday, May 14th. They issued a “hold” rating for the company. Finally, Morgan Stanley raised their price target on Citigroup from $103.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average price target of $96.54.

Insider Transactions at Citigroup

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