Intrinsic Value Partners LLC Decreases Stake in Citigroup Inc. $C

Intrinsic Value Partners LLC lowered its position in Citigroup Inc. (NYSE:C) by 9.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,275 shares of the company’s stock after selling 631 shares during the quarter. Intrinsic Value Partners LLC’s holdings in Citigroup were worth $534,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in C. Brighton Jones LLC increased its holdings in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares during the last quarter. NBC Securities Inc. grew its holdings in Citigroup by 108,133.3% during the 1st quarter. NBC Securities Inc. now owns 3,247 shares of the company’s stock valued at $230,000 after buying an additional 3,244 shares in the last quarter. Matrix Trust Co grew its holdings in Citigroup by 55.9% during the 1st quarter. Matrix Trust Co now owns 2,113 shares of the company’s stock valued at $150,000 after buying an additional 758 shares in the last quarter. Vest Financial LLC grew its holdings in Citigroup by 73.5% during the 1st quarter. Vest Financial LLC now owns 15,482 shares of the company’s stock valued at $1,099,000 after buying an additional 6,559 shares in the last quarter. Finally, Armstrong Fleming & Moore Inc purchased a new position in Citigroup during the 1st quarter valued at about $470,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE:C opened at $97.58 on Friday. The business has a 50 day moving average of $96.79 and a 200 day moving average of $82.89. The company has a market capitalization of $179.64 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last released its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. The company had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.Citigroup’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company 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%. The ex-dividend date was Monday, August 4th. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio is presently 35.45%.

Insiders Place Their Bets

In related news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction that occurred 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 owned 2,140 shares in the company, valued at $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Barclays lifted their target price on Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Piper Sandler lifted their target price on Citigroup from $84.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. TD Cowen boosted their price objective on Citigroup from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Wednesday, July 16th. Finally, Truist Financial boosted their price objective on Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $99.68.

About Citigroup

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.