Acadian Asset Management LLC Has $410.65 Million Stake in Citigroup Inc. $C

Acadian Asset Management LLC decreased its stake in Citigroup Inc. (NYSE:C) by 1.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,784,909 shares of the company’s stock after selling 112,594 shares during the period. Citigroup comprises 1.2% of Acadian Asset Management LLC’s holdings, making the stock its 20th largest position. Acadian Asset Management LLC’s holdings in Citigroup were worth $410,652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in shares of Citigroup by 166.9% in the fourth 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 in the last quarter. Gotham Asset Management LLC increased its holdings in shares of Citigroup by 0.7% in the fourth quarter. Gotham Asset Management LLC now owns 47,770 shares of the company’s stock worth $3,363,000 after acquiring an additional 344 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Citigroup by 6.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,233 shares of the company’s stock worth $18,881,000 after acquiring an additional 16,000 shares in the last quarter. Mubadala Investment Co PJSC bought a new stake in shares of Citigroup in the fourth quarter worth about $4,241,000. Finally, OMERS ADMINISTRATION Corp increased its holdings in shares of Citigroup by 50.9% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 99,377 shares of the company’s stock worth $6,995,000 after acquiring an additional 33,532 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

C has been the subject of a number of research reports. Wells Fargo & Company increased their price objective on Citigroup from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. UBS Group reiterated a “neutral” rating and set a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Bank of America raised their price target on Citigroup from $89.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, June 26th. Keefe, Bruyette & Woods restated a “buy” rating on shares of Citigroup in a research note on Wednesday, July 16th. Finally, Barclays raised their price target on Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $96.96.

Insiders Place Their Bets

In related news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.

Citigroup Trading Up 1.5%

Shares of C opened at $97.31 on Wednesday. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $98.14. The business’s fifty day moving average is $93.00 and its 200-day moving average is $79.45. 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 firm has a market cap of $179.14 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 0.83 and a beta of 1.41.

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 company had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. Equities analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were given a dividend of $0.60 per share. The ex-dividend date was Monday, August 4th. 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. Citigroup’s dividend payout ratio is presently 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.