Swedbank AB Grows Stock Position in Citigroup Inc. $C

Swedbank AB boosted its holdings in Citigroup Inc. (NYSE:C) by 14.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,499,762 shares of the company’s stock after acquiring an additional 1,173,017 shares during the quarter. Citigroup comprises approximately 0.9% of Swedbank AB’s portfolio, making the stock its 20th biggest holding. Swedbank AB owned about 0.51% of Citigroup worth $674,388,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. True Wealth Design LLC raised its position in Citigroup by 11.1% in the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock worth $84,000 after acquiring an additional 119 shares in the last quarter. Continuum Advisory LLC raised its position in Citigroup by 1.9% in the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company’s stock worth $459,000 after acquiring an additional 120 shares in the last quarter. Solitude Financial Services raised its position in Citigroup by 0.9% in the first quarter. Solitude Financial Services now owns 16,496 shares of the company’s stock worth $1,171,000 after acquiring an additional 140 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in Citigroup by 2.1% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 6,902 shares of the company’s stock worth $490,000 after acquiring an additional 142 shares in the last quarter. Finally, Insight Inv LLC raised its position in Citigroup by 0.5% in the first quarter. Insight Inv LLC now owns 27,268 shares of the company’s stock worth $1,936,000 after acquiring an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 1.7%

C opened at $98.79 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The firm has a market cap of $181.86 billion, a P/E ratio of 14.59, a PEG ratio of 0.83 and a beta of 1.41. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $99.04. The business’s fifty day simple moving average is $93.41 and its 200 day simple moving average is $79.72.

Citigroup (NYSE:C) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on C shares. The Goldman Sachs Group increased their price objective on Citigroup from $85.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Citigroup in a report on Wednesday, July 16th. UBS Group reissued a “neutral” rating and issued a $89.00 target price on shares of Citigroup in a report on Tuesday, July 15th. Evercore ISI set a $77.00 target price on Citigroup in a report on Monday, July 7th. Finally, Bank of America upped their target price on Citigroup from $89.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, June 26th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.96.

Insider Activity at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by insiders.

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.