Citigroup Inc. $C Shares Bought by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV raised its stake in Citigroup Inc. (NYSE:C) by 0.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 236,009 shares of the company’s stock after purchasing an additional 855 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Citigroup were worth $16,754,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on C shares. Oppenheimer increased their price target on shares of Citigroup from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Cowen started coverage on shares of Citigroup in a research report on Wednesday, May 14th. They set a “hold” rating on the stock. Truist Financial increased their price target on shares of Citigroup from $99.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group increased their price target on shares of Citigroup from $85.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Dbs Bank raised shares of Citigroup from a “hold” rating to a “moderate buy” rating in a report on Thursday, July 17th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.96.

Insider Buying and Selling

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.

Citigroup Stock Down 1.7%

Shares of NYSE:C opened at $95.44 on Friday. The firm’s 50 day moving average price is $92.56 and its 200 day moving average price is $79.26. The stock has a market cap of $175.69 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 0.84 and a beta of 1.41. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $97.98. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, equities 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 declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were paid a $0.60 dividend. This is an increase from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, August 4th. Citigroup’s payout ratio is currently 35.45%.

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.