ASR Vermogensbeheer N.V. Has $16.10 Million Stake in Citigroup Inc. $C

ASR Vermogensbeheer N.V. trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 13.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,158 shares of the company’s stock after selling 28,217 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Citigroup were worth $16,100,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of C. Goldman Sachs Group Inc. increased its holdings in Citigroup by 179.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock valued at $1,031,790,000 after purchasing an additional 9,334,038 shares in the last quarter. Nuveen LLC bought a new position in Citigroup in the 1st quarter valued at $578,100,000. Amundi boosted its position in Citigroup by 78.4% in the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock valued at $973,523,000 after buying an additional 6,026,268 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Citigroup by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after buying an additional 2,539,769 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG boosted its position in Citigroup by 2,230.8% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock valued at $186,726,000 after buying an additional 2,517,459 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on C. The Goldman Sachs Group increased their price objective on Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Truist Financial increased their price objective on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Barclays increased their price objective on Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Wall Street Zen upgraded Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Finally, Keefe, Bruyette & Woods restated a “buy” rating on shares of Citigroup in a research report on Wednesday, July 16th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $99.68.

Insiders Place Their Bets

In related news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction on 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. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by insiders.

Citigroup Trading Down 2.7%

Shares of C stock opened at $98.72 on Thursday. 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 stock has a market cap of $181.74 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 0.87 and a beta of 1.37. The stock has a 50 day simple moving average of $96.72 and a 200 day simple moving average of $82.52. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59.

Citigroup (NYSE:C) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were issued a $0.60 dividend. The ex-dividend date was Monday, August 4th. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is currently 35.45%.

Citigroup Company 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.