Citigroup Inc. $C Shares Acquired by Nissay Asset Management Corp Japan ADV

by · The Cerbat Gem

Nissay Asset Management Corp Japan ADV raised its holdings in shares of Citigroup Inc. (NYSE:C – Free Report) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 236,009 shares of the company’s stock after acquiring an additional 855 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Citigroup were worth $16,754,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in shares of Citigroup during the 4th quarter valued at approximately $28,000. MorganRosel Wealth Management LLC purchased a new position in shares of Citigroup during the 1st quarter valued at approximately $28,000. American National Bank & Trust purchased a new position in shares of Citigroup during the 1st quarter valued at approximately $29,000. Accent Capital Management LLC increased its holdings 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 purchasing an additional 212 shares in the last quarter. Finally, Truvestments Capital LLC increased its holdings 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 purchasing an additional 246 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Price Performance

Citigroup stock opened at $95.44 on Friday. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $97.98. The firm has a market capitalization of $175.69 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 0.84 and a beta of 1.41. The company has a fifty day simple moving average of $92.56 and a 200-day simple moving average of $79.26. 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 – Get Free Report) last released 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 net margin of 8.44% and a return on equity of 7.29%. The business had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the prior year, the firm earned $1.52 earnings per share. The company’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, equities analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 4th. This is a positive change 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%. Citigroup’s payout ratio is currently 35.45%.

Insider Activity

In related news, Director Peter B. Henry sold 3,000 shares of the company’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 completion of the sale, the director owned 2,140 shares of the company’s stock, valued at approximately $193,456. This represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

C has been the subject of several recent research reports. 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 report on Wednesday, July 16th. Barclays upped their price objective on shares of Citigroup from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. UBS Group restated a “neutral” rating and set a $89.00 price objective on shares of Citigroup in a research report on Tuesday, July 15th. Piper Sandler upped their price objective on shares of Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Finally, Evercore ISI set a $77.00 price objective on shares of Citigroup in a research report on Monday, July 7th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.96.

View Our Latest Analysis on C

About Citigroup

(Free Report)

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.

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