Citigroup Inc. $C Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,190 shares of the company’s stock after selling 892 shares during the period. Cigna Investments Inc. New’s holdings in Citigroup were worth $1,548,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Secure Asset Management LLC grew its holdings in Citigroup by 3.7% during the second quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock worth $280,000 after acquiring an additional 118 shares during the period. Golden State Equity Partners grew its holdings in Citigroup by 0.6% during the second quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock worth $1,842,000 after acquiring an additional 122 shares during the period. Wedmont Private Capital grew its holdings in Citigroup by 0.5% during the second quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock worth $2,034,000 after acquiring an additional 129 shares during the period. RDA Financial Network grew its holdings in Citigroup by 3.4% during the second quarter. RDA Financial Network now owns 3,940 shares of the company’s stock worth $335,000 after acquiring an additional 130 shares during the period. Finally, Solitude Financial Services grew its holdings in Citigroup by 0.9% in the first quarter. Solitude Financial Services now owns 16,496 shares of the company’s stock valued at $1,171,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the topic of several research reports. Oppenheimer lowered their target price on Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a report on Tuesday. TD Cowen upped their target price on Citigroup from $85.00 to $95.00 and gave the company a “hold” rating in a report on Wednesday, July 16th. Morgan Stanley upped their target price on Citigroup from $103.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Evercore ISI set a $77.00 target price on Citigroup in a report on Monday, July 7th. Finally, UBS Group reissued a “neutral” rating and issued a $89.00 target price on shares of Citigroup in a report on Tuesday, July 15th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $97.61.

Citigroup Stock Performance

Citigroup stock opened at $103.01 on Wednesday. The stock’s 50-day moving average is $95.69 and its 200-day moving average is $81.20. The company has a market cap of $189.63 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 0.89 and a beta of 1.41. 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 12 month low of $55.51 and a 12 month high of $105.59.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. The company had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. Equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were issued a $0.60 dividend. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.3%. Citigroup’s dividend payout ratio (DPR) is 35.45%.

Insider Activity at Citigroup

In other 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 value of $271,200.00. Following the transaction, the director directly owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by company insiders.

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.