United Asset Strategies Inc. Invests $9.28 Million in Citigroup Inc. $C

United Asset Strategies Inc. acquired a new position in Citigroup Inc. (NYSE:C) during the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 130,672 shares of the company’s stock, valued at approximately $9,276,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Citigroup by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock worth $2,917,794,000 after buying an additional 2,539,769 shares in the last quarter. Northern Trust Corp grew its position in shares of Citigroup by 1.0% during the first quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock valued at $1,450,153,000 after purchasing an additional 195,013 shares in the last quarter. Invesco Ltd. grew its position in shares of Citigroup by 3.6% during the first quarter. Invesco Ltd. now owns 16,839,915 shares of the company’s stock valued at $1,195,466,000 after purchasing an additional 592,820 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Citigroup by 179.5% in the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after purchasing an additional 9,334,038 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Citigroup by 0.3% during the fourth quarter. Nuveen Asset Management LLC now owns 13,454,775 shares of the company’s stock valued at $947,082,000 after buying an additional 46,646 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Price Performance

C opened at $93.0820 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 business has a fifty day moving average of $88.75 and a 200 day moving average of $78.11. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $96.90. The stock has a market cap of $171.35 billion, a P/E ratio of 13.75, a PEG ratio of 0.81 and a beta of 1.38.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. The firm 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 business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be paid a dividend of $0.60 per share. 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 2.6%. The ex-dividend date is Monday, August 4th. Citigroup’s payout ratio is 35.45%.

Insider Buying and Selling at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the sale, the director directly owned 2,140 shares in the company, valued at $193,456. The trade was a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

C has been the subject of a number of recent research reports. 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 report on Wednesday, July 16th. Oppenheimer upped their target price on shares of Citigroup from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Evercore ISI set a $77.00 price target on Citigroup in a research report on Monday, July 7th. Bank of America upped their price objective on Citigroup from $89.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, June 26th. Finally, UBS Group reissued a “neutral” rating and set a $89.00 target price on shares of Citigroup in a research report on Tuesday, July 15th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $96.54.

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.