Apexium Financial LP Increases Stake in Citigroup Inc. $C

Apexium Financial LP grew its position in shares of Citigroup Inc. (NYSE:C) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,229 shares of the company’s stock after buying an additional 193 shares during the quarter. Apexium Financial LP’s holdings in Citigroup were worth $360,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Quent Capital LLC raised its position in Citigroup by 4.0% during the 2nd quarter. Quent Capital LLC now owns 5,757 shares of the company’s stock worth $490,000 after buying an additional 222 shares during the last quarter. 111 Capital raised its position in Citigroup by 88.6% during the 2nd quarter. 111 Capital now owns 19,463 shares of the company’s stock worth $1,657,000 after buying an additional 9,144 shares during the last quarter. QRG Capital Management Inc. raised its position in Citigroup by 47.6% during the 2nd quarter. QRG Capital Management Inc. now owns 574,408 shares of the company’s stock worth $48,894,000 after buying an additional 185,210 shares during the last quarter. Stock Yards Bank & Trust Co. raised its position in Citigroup by 5.6% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 6,618 shares of the company’s stock worth $563,000 after buying an additional 348 shares during the last quarter. Finally, Ascent Group LLC raised its position in Citigroup by 12.4% during the 2nd quarter. Ascent Group LLC now owns 48,426 shares of the company’s stock worth $4,122,000 after buying an additional 5,341 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the subject of a number of analyst reports. Oppenheimer cut their price objective on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Barclays upped their price target on shares of Citigroup from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Truist Financial upped their price target on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Bank of America upped their price target on shares of Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research note on Saturday, September 27th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $99.68.

Citigroup Price Performance

Shares of NYSE C opened at $97.58 on Friday. The stock has a market cap of $179.64 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 0.84 and a beta of 1.37. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59. The company’s 50-day moving average price is $96.79 and its 200 day moving average price is $82.97. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C) last issued 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 firm had revenue of $21.67 billion for the quarter, compared to analysts’ expectations of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company 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. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Citigroup’s payout ratio is currently 35.45%.

Insider Transactions at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the company’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, the director directly owned 2,140 shares in the company, valued at approximately $193,456. This represents a 58.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

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.