Ascent Group LLC Acquires 5,341 Shares of Citigroup Inc. $C

Ascent Group LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 12.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,426 shares of the company’s stock after buying an additional 5,341 shares during the quarter. Ascent Group LLC’s holdings in Citigroup were worth $4,122,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. New Century Financial Group LLC lifted its holdings in shares of Citigroup by 140.3% in the 2nd quarter. New Century Financial Group LLC now owns 24,678 shares of the company’s stock worth $2,101,000 after acquiring an additional 14,408 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Citigroup by 5.6% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 20,063 shares of the company’s stock valued at $1,708,000 after purchasing an additional 1,056 shares during the last quarter. DHJJ Financial Advisors Ltd. grew its holdings in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after purchasing an additional 253 shares during the last quarter. Hudson Edge Investment Partners Inc. lifted its stake in Citigroup by 2.4% in the second quarter. Hudson Edge Investment Partners Inc. now owns 107,160 shares of the company’s stock worth $9,121,000 after purchasing an additional 2,526 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in Citigroup in the second quarter worth $68,000. Institutional investors own 71.72% of the company’s stock.

Insider Transactions at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the 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 completion of the transaction, the director directly owned 2,140 shares of the company’s stock, valued at $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

C has been the subject of several recent research reports. Evercore ISI set a $77.00 price target on shares of Citigroup in a research note on Monday, July 7th. The Goldman Sachs Group boosted 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. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Truist Financial boosted their price target on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Finally, Piper Sandler boosted their price target on shares of Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.68.

Citigroup Stock Up 0.2%

Shares of NYSE C opened at $97.58 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The firm has a market capitalization of $179.64 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. The firm has a fifty day simple moving average of $96.79 and a two-hundred day simple moving average of $82.97.

Citigroup (NYSE:C) last released 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. 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 the consensus estimate of $20.75 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. Citigroup’s revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 4th. 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 yield of 2.5%. Citigroup’s payout ratio is currently 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.