Mufg Securities Americas Inc. Buys 3,824 Shares of Citigroup Inc. $C

Mufg Securities Americas Inc. boosted its stake in Citigroup Inc. (NYSE:C) by 7.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 56,399 shares of the company’s stock after buying an additional 3,824 shares during the period. Mufg Securities Americas Inc.’s holdings in Citigroup were worth $7,894,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Mcguire Capital Advisors Inc. acquired a new position in Citigroup in the 4th quarter valued at $25,000. Whipplewood Advisors LLC acquired a new stake in shares of Citigroup during the first quarter worth $25,000. Paladin Partners LLC bought a new stake in shares of Citigroup in the second quarter valued at about $27,000. TD Capital Management LLC bought a new stake in shares of Citigroup in the fourth quarter valued at about $28,000. Finally, IMG Wealth Management Inc. grew its stake in shares of Citigroup by 197.6% in the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock valued at $28,000 after acquiring an additional 162 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

Shares of C stock opened at $132.77 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a one year low of $92.96 and a one year high of $147.96. The business’s 50 day simple moving average is $136.20 and its 200 day simple moving average is $126.81. The stock has a market capitalization of $226.45 billion, a PE ratio of 14.34, a PEG ratio of 0.60 and a beta of 1.12.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The company had revenue of $24.77 billion during the quarter, compared to analysts’ expectations of $23.74 billion. During the same period in the prior year, the company posted $1.96 earnings per share. Citigroup’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, research analysts forecast that Citigroup Inc. will post 11.2 earnings per share for the current year.

Citigroup declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 7th that allows the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 13.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, August 3rd. This is an increase from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s dividend payout ratio (DPR) is 28.94%.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s recent quarterly results provide a fundamental cushion: earnings and revenue exceeded analyst expectations, with revenue up 14.5% year over year. SEC Probe Puts Wall Street Leverage Risk Back in Focus
• Neutral Sentiment: Citi analyst activity on Oracle, BMW and Forvia reflects the bank’s research and advisory business, but the recommendations are directed at those companies and have little direct impact on Citigroup’s equity value. Oracle Stock Gains Premarket
• Neutral Sentiment: Citigroup entities reported exiting substantial-holder status in Australia’s IDP Education and Healius. These appear to be portfolio or position disclosures rather than changes to Citi’s core business, making the immediate stock impact limited. Citi Group Entities Exit Substantial Holder Status in IDP Education
• Negative Sentiment: The SEC reportedly subpoenaed Citigroup, Goldman Sachs, JPMorgan and Bank of America over margin lending to hedge fund Situational Awareness, which suffered a 67% drawdown during an AI-stock sell-off. The probe puts leverage, collateral and counterparty-risk controls under scrutiny; potential fines, litigation costs or tighter lending requirements could weigh on Citi’s profitability, although the ultimate exposure remains unclear. SEC Probe Puts Wall Street Leverage Risk Back in Focus

Analyst Ratings Changes

C has been the topic of a number of recent research reports. Morgan Stanley raised their price target on shares of Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Evercore set a $143.00 target price on shares of Citigroup in a research report on Monday, July 6th. Bank of America lifted their price target on shares of Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Truist Financial cut their price target on Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $150.00 price target on shares of Citigroup in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.22.

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.