Riverview Trust Co Has $37,000 Holdings in Citigroup Inc. $C

Riverview Trust Co lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 64.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 435 shares of the company’s stock after selling 798 shares during the period. Riverview Trust Co’s holdings in Citigroup were worth $37,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Citigroup in the second quarter valued at approximately $1,140,000. EWA LLC acquired a new position in Citigroup in the 2nd quarter valued at $213,000. Pure Financial Advisors LLC acquired a new position in Citigroup in the 2nd quarter valued at $454,000. Robeco Institutional Asset Management B.V. increased its position in shares of Citigroup by 63.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,085,496 shares of the company’s stock worth $262,637,000 after purchasing an additional 1,195,950 shares during the period. Finally, Woodward Diversified Capital LLC bought a new position in shares of Citigroup in the second quarter worth $418,000. 71.72% of the stock is currently owned by institutional investors.

Insider Transactions at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the 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 completion of the sale, the director owned 2,140 shares of the company’s stock, valued at approximately $193,456. This represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

C has been the topic of a number of analyst reports. Evercore ISI set a $77.00 price objective on shares of Citigroup in a research note on Monday, July 7th. Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Citigroup in a report on Wednesday, July 16th. Barclays boosted their price objective on shares of Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Finally, Piper Sandler boosted their price objective 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. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $99.68.

Citigroup Stock Performance

Citigroup stock opened at $98.72 on Thursday. The business has a 50 day moving average of $96.72 and a 200-day moving average of $82.52. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $181.74 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.87 and a beta of 1.37.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. The firm 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 company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.40 annualized dividend and a yield of 2.4%. This is an increase from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio is 35.45%.

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.