Anson Funds Management LP Invests $710,000 in Citigroup Inc. $C

Anson Funds Management LP bought a new position in shares of Citigroup Inc. (NYSE:C) during the first quarter, Holdings Channel reports. The fund bought 10,000 shares of the company’s stock, valued at approximately $710,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. True Wealth Design LLC lifted its position in shares of Citigroup by 11.1% in the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock worth $84,000 after acquiring an additional 119 shares during the period. Continuum Advisory LLC raised its position in Citigroup by 1.9% in the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company’s stock worth $459,000 after purchasing an additional 120 shares in the last quarter. Solitude Financial Services lifted its stake in Citigroup by 0.9% during the first quarter. Solitude Financial Services now owns 16,496 shares of the company’s stock worth $1,171,000 after purchasing an additional 140 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in Citigroup by 2.1% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 6,902 shares of the company’s stock valued at $490,000 after purchasing an additional 142 shares in the last quarter. Finally, Insight Inv LLC grew its stake in shares of Citigroup by 0.5% in the 1st quarter. Insight Inv LLC now owns 27,268 shares of the company’s stock valued at $1,936,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Transactions at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the transaction, the director directly owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Citigroup in a research note on Wednesday, July 16th. Piper Sandler upped their target price on shares of Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. The Goldman Sachs Group lifted their price target on shares of Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Bank of America upped their price objective on shares of Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. Finally, Morgan Stanley lifted their target price on shares of Citigroup from $103.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.96.

Citigroup Trading Down 0.1%

Shares of NYSE C opened at $97.27 on Thursday. The company’s 50 day simple moving average is $93.21 and its 200 day simple moving average is $79.58. 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 Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $98.38. The firm has a market capitalization of $179.06 billion, a P/E ratio of 14.37, a P/E/G ratio of 0.84 and a beta of 1.41.

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

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were issued a dividend of $0.60 per share. 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. The ex-dividend date was Monday, August 4th. Citigroup’s dividend payout ratio (DPR) is 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.