Chicago Capital LLC Has $287,000 Stock Position in Citigroup Inc. $C

Chicago Capital LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 14.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,369 shares of the company’s stock after purchasing an additional 430 shares during the quarter. Chicago Capital LLC’s holdings in Citigroup were worth $287,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. MorganRosel Wealth Management LLC acquired a new position in Citigroup during the first quarter worth $28,000. American National Bank & Trust acquired a new position in shares of Citigroup during the 1st quarter worth about $29,000. Accent Capital Management LLC increased its position in Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after buying an additional 212 shares during the last quarter. Truvestments Capital LLC increased its position in Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after buying an additional 246 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its position in Citigroup by 805.2% during the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after buying an additional 467 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insiders Place Their Bets

In related 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 sale, the director directly owned 2,140 shares of the company’s stock, valued at $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is owned by company insiders.

Citigroup Trading Down 1.6%

Shares of Citigroup stock opened at $101.52 on Wednesday. The company has a market capitalization of $186.89 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 0.88 and a beta of 1.41. 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 Inc. has a 12-month low of $55.51 and a 12-month high of $105.59. The firm’s 50-day moving average price is $96.66 and its two-hundred day moving average price is $82.41.

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

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio (DPR) is 35.45%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on C shares. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Citigroup in a report on Wednesday, July 16th. Evercore ISI set a $77.00 price objective on shares of Citigroup in a report on Monday, July 7th. Morgan Stanley upped their price target on shares of Citigroup from $107.00 to $129.00 and gave the company an “overweight” rating in a research note on Monday. Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Oppenheimer decreased their target price on Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $99.68.

About Citigroup

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.