Kennedy Investment Group Acquires 708 Shares of Citigroup Inc. $C

Kennedy Investment Group boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 17.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,722 shares of the company’s stock after acquiring an additional 708 shares during the quarter. Kennedy Investment Group’s holdings in Citigroup were worth $402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of C. Goldman Sachs Group Inc. lifted its position in shares of Citigroup by 179.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after purchasing an additional 9,334,038 shares during the period. Nuveen LLC acquired a new position in shares of Citigroup in the 1st quarter worth approximately $578,100,000. Amundi lifted its position in shares of Citigroup by 78.4% in the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after purchasing an additional 6,026,268 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Citigroup by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock worth $2,917,794,000 after purchasing an additional 2,539,769 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG lifted its position in shares of Citigroup by 2,230.8% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock worth $186,726,000 after purchasing an additional 2,517,459 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. TD Cowen boosted their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods restated a “buy” rating on shares of Citigroup in a research report on Wednesday, July 16th. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Piper Sandler boosted their target price on shares of Citigroup from $84.00 to $104.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Finally, Dbs Bank upgraded shares of Citigroup from a “hold” rating to a “moderate buy” rating in a research report on Thursday, July 17th. Ten equities research 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 a consensus rating of “Moderate Buy” and an average target price of $98.11.

Citigroup Stock Performance

Shares of C stock opened at $101.67 on Thursday. The firm has a market capitalization of $187.16 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.41. The firm has a fifty day simple moving average of $95.93 and a two-hundred day simple moving average of $81.34. 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.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. The business had revenue of $21.67 billion during 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%. Citigroup’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. Analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were paid a dividend of $0.60 per share. This is a boost 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 yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is presently 35.45%.

Insider Buying and Selling

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the sale, the director owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.08% of the company’s stock.

Citigroup Company 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.