Birmingham Capital Management Co. Inc. AL Lowers Position in Citigroup Inc. $C

Birmingham Capital Management Co. Inc. AL reduced its stake in Citigroup Inc. (NYSE:C) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,565 shares of the company’s stock after selling 500 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in Citigroup were worth $1,389,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in C. Private Advisory Group LLC raised its position in Citigroup by 20.8% in the first quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock valued at $4,940,000 after purchasing an additional 11,978 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Citigroup by 109.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company’s stock valued at $88,458,000 after purchasing an additional 649,807 shares during the period. Brighton Jones LLC increased its holdings in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after purchasing an additional 12,499 shares during the period. Onyx Bridge Wealth Group LLC acquired a new position in shares of Citigroup during the first quarter worth about $214,000. Finally, Pinnacle Financial Partners Inc raised its holdings in Citigroup by 495.1% in the first quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company’s stock valued at $1,317,000 after acquiring an additional 15,436 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on C shares. Morgan Stanley raised their price objective on shares of Citigroup from $103.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. UBS Group reissued a “neutral” rating and issued a $89.00 target price on shares of Citigroup in a report on Tuesday, July 15th. Dbs Bank upgraded Citigroup from a “hold” rating to a “moderate buy” rating in a research note on Thursday, July 17th. Evercore ISI set a $77.00 target price on shares of Citigroup in a research report on Monday, July 7th. Finally, 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 note on Wednesday, July 2nd. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $96.96.

Insider Activity

In related news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the sale, the director directly 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 Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by company insiders.

Citigroup Stock Performance

Shares of C opened at $97.27 on Thursday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $98.38. The stock 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. 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 company’s fifty day moving average is $93.21 and its two-hundred day moving average is $79.58.

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, topping analysts’ consensus estimates of $1.61 by $0.35. The business had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 earnings per share. 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 year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were given a $0.60 dividend. This is an increase from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 4th. Citigroup’s dividend payout ratio (DPR) is 35.45%.

Citigroup 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.