Trilogy Capital Inc. Buys Shares of 2,776 Citigroup Inc. $C

Trilogy Capital Inc. purchased a new position in Citigroup Inc. (NYSE:C) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,776 shares of the company’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in Citigroup by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after buying an additional 2,539,769 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Citigroup by 1.0% in the 1st quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock worth $1,450,153,000 after acquiring an additional 195,013 shares during the period. Invesco Ltd. boosted its holdings in shares of Citigroup by 3.6% in the first quarter. Invesco Ltd. now owns 16,839,915 shares of the company’s stock valued at $1,195,466,000 after acquiring an additional 592,820 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Citigroup by 179.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock valued at $1,031,790,000 after acquiring an additional 9,334,038 shares during the period. Finally, Amundi raised its holdings in Citigroup by 78.4% during the first quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after purchasing an additional 6,026,268 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the transaction, the director directly owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

Citigroup Trading Down 1.5%

NYSE:C opened at $97.25 on Friday. The stock has a fifty day simple moving average of $96.76 and a 200 day simple moving average of $82.71. The firm has a market capitalization of $179.02 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59. 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 (NYSE:C) last posted its quarterly earnings data 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. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter in the previous year, the company earned $1.52 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were paid 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 yield of 2.5%. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio (DPR) is 35.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Oppenheimer decreased their price target on Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Truist Financial raised their target price on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. The Goldman Sachs Group boosted their price target on shares of Citigroup from $85.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Morgan Stanley raised their price objective on shares of Citigroup from $107.00 to $129.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.