Hager Investment Management Services LLC Increases Stock Holdings in Citigroup Inc. $C

Hager Investment Management Services LLC increased its holdings in shares of Citigroup Inc. (NYSE:C) by 602.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 941 shares of the company’s stock after buying an additional 807 shares during the period. Hager Investment Management Services LLC’s holdings in Citigroup were worth $80,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new position in shares of Citigroup during the 1st quarter valued at approximately $28,000. Accent Capital Management LLC lifted its position in shares of Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after buying an additional 212 shares in the last quarter. Truvestments Capital LLC lifted its position in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after buying an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. lifted its position 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 buying an additional 253 shares in the last quarter. Finally, HHM Wealth Advisors LLC lifted its position in shares of Citigroup by 805.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after buying an additional 467 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 1.2%

Shares of C opened at $96.67 on Thursday. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59. The company has a market capitalization of $177.96 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37. The stock has a fifty day simple moving average of $96.92 and a two-hundred day simple moving average of $83.43. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The business had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. During the same period last year, the company earned $1.52 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, equities analysts forecast 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 paid a $0.60 dividend. This is a boost from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. Citigroup’s dividend payout ratio is 35.45%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on C. Piper Sandler raised their price objective on Citigroup from $84.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. TD Cowen raised their price objective on Citigroup from $85.00 to $95.00 and gave the company a “hold” rating in a report on Wednesday, July 16th. Keefe, Bruyette & Woods restated a “buy” rating on shares of Citigroup in a report on Wednesday, July 16th. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, The Goldman Sachs Group raised their price objective on Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.68.

Insider Activity

In related news, Director Peter B. Henry sold 3,000 shares of the firm’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 sale, the director directly owned 2,140 shares of the company’s stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.08% of the company’s stock.

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.