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Citigroup Inc. (NYSE:C) Institutional Investor Activity
11 months agoUS
Citigroup Inc. (NYSE:C) has seen significant activity from institutional investors and analysts recently. This article summarizes these movements and provides insights into the current sentiment surrounding the stock.
Key Insights
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Several institutional investors and hedge funds have adjusted their positions in Citigroup during the first quarter of 2025.
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SBI Securities Co. Ltd. decreased its stake by 51.9%.
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Geode Capital Management LLC increased its stake by 1.7%.
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Stratos Wealth Partners LTD. decreased its holdings by 28.6%.
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Analyst ratings are mixed, with a consensus rating of "Moderate Buy" and an average target price of $87.89.
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Citigroup increased its quarterly dividend to $0.60 per share, representing a 2.74% dividend yield.
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Insider John Cunningham Dugan sold 4,417 shares at an average price of $68.26.
In-Depth Analysis
Background
Citigroup Inc. is a diversified financial services holding company providing various products and services globally. Recent institutional investor activity reflects ongoing assessments of the company's value and future prospects.
Institutional Investor Activity
Several firms have adjusted their positions in Citigroup shares:
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SBI Securities Co. Ltd.:: Reduced its holdings by 51.9%, owning 31,697 shares valued at $2,250,000?ref=yanuki.com.
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Stratos Wealth Partners LTD.:: Decreased its holdings by 28.6%, owning 25,118 shares valued at $1,783,000?ref=yanuki.com.
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DMC Group LLC:: Trimmed its holdings by 51.3%, owning 7,350 shares valued at $522,000?ref=yanuki.com.
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Geode Capital Management LLC:: Increased its stake by 1.7%, now owning 40,587,155 shares valued at $2,853,484,000?ref=yanuki.com.
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Price T Rowe Associates Inc. MD:: Raised its stake by 2.2%, holding 38,561,690 shares valued at $2,714,359,000?ref=yanuki.com.
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FMR LLC:: Increased its stake significantly by 29.7%, owning 34,362,176 shares valued at $2,418,754,000?ref=yanuki.com.
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Franklin Resources Inc.:: Increased its stake by 9.3%, with holdings of 32,832,063 shares valued at $2,311,048,000?ref=yanuki.com.
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Capital World Investors:: Massively increased its stake by 455.2%, holding 31,352,582 shares valued at $2,206,908,000?ref=yanuki.com.
New positions were initiated by:
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Orion Capital Management LLC
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MorganRosel Wealth Management LLC
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American National Bank & Trust
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Mascagni Wealth Management Inc.
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Runnymede Capital Advisors Inc.
Analyst Ratings
Analysts have provided mixed ratings on Citigroup:
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Truist Financial:: Raised the price target from $84.00 to $93.00, giving a "buy" rating?ref=yanuki.com.
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Keefe, Bruyette & Woods:: Reaffirmed an "outperform" rating with a price target of $92.00 (down from $96.00)?ref=yanuki.com.
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Wall Street Zen:: Lowered the rating from "hold" to "sell"?ref=yanuki.com.
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Oppenheimer:: Reaffirmed an "outperform" rating?ref=yanuki.com.
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The Goldman Sachs Group:: Raised the price objective from $85.00 to $96.00, giving a "buy" rating?ref=yanuki.com.
The consensus rating is "Moderate Buy," with an average target price of $87.89?ref=yanuki.com.
Financial Highlights
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Stock Performance:: Citigroup's stock opened at $87.50 on Tuesday.
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Dividend:: Increased quarterly dividend to $0.60 per share (2.74% yield)?ref=yanuki.com.
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Earnings:: Last reported EPS of $1.96, beating estimates by $0.12?ref=yanuki.com.
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Valuation:: P/E ratio of 13.82 and a market cap of $163.42 billion?ref=yanuki.com.
Insider Activity
Director John Cunningham Dugan sold 4,417 shares at $68.26, reducing their position by 25.29%?ref=yanuki.com.
FAQs
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Q: What is the current analyst consensus for Citigroup?
The current consensus is a "Moderate Buy" with an average target price of $87.89.
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Q: Has Citigroup increased its dividend recently?
Yes, Citigroup increased its quarterly dividend to $0.60 per share, representing a 2.74% yield.
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Q: What was the outcome of Citigroup's last earnings report?
Citigroup reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12.
Key Takeaways
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Institutional investor activity suggests a mixed outlook on Citigroup.
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Analyst ratings lean towards a positive outlook, with a "Moderate Buy" consensus.
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Citigroup's increased dividend provides an attractive yield for investors.
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Monitor insider trading activity for additional insights into the company's prospects.
Discussion
Do you think Citigroup is a good investment opportunity? Share your thoughts in the comments below!
Share this article with others who need to stay ahead of this trend!
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