OMNI 360 Wealth Inc. Decreases Stock Holdings in Citigroup Inc. $C

OMNI 360 Wealth Inc. lowered its holdings in Citigroup Inc. (NYSE:C) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,830 shares of the company’s stock after selling 139 shares during the quarter. OMNI 360 Wealth Inc.’s holdings in Citigroup were worth $241,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Abner Herrman & Brock LLC grew its holdings in shares of Citigroup by 1.6% during the 2nd quarter. Abner Herrman & Brock LLC now owns 98,665 shares of the company’s stock worth $8,398,000 after acquiring an additional 1,525 shares during the period. RDA Financial Network boosted its holdings in shares of Citigroup by 3.4% during the 2nd quarter. RDA Financial Network now owns 3,940 shares of the company’s stock valued at $335,000 after buying an additional 130 shares in the last quarter. Arvest Investments Inc. purchased a new stake in shares of Citigroup in the 2nd quarter worth about $474,000. TrueWealth Advisors LLC grew its position in shares of Citigroup by 8.0% in the 2nd quarter. TrueWealth Advisors LLC now owns 7,007 shares of the company’s stock worth $596,000 after buying an additional 520 shares during the period. Finally, McLean Asset Management Corp purchased a new position in Citigroup during the 2nd quarter valued at about $245,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insiders Place Their Bets

In other news, Director Peter B. Henry sold 3,000 shares of the business’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 completion of the sale, the director 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 can be accessed through this hyperlink. 0.08% of the stock is currently owned by company insiders.

Citigroup Trading Up 0.7%

Shares of C opened at $99.51 on Monday. The company’s fifty day moving average is $93.63 and its 200 day moving average is $79.88. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $99.70. The stock has a market capitalization of $183.19 billion, a PE ratio of 14.70, a P/E/G ratio of 0.85 and a beta of 1.41. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. The business had revenue of $21.67 billion during 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%. Citigroup’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Sell-side analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were paid a dividend of $0.60 per share. 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%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s payout ratio is presently 35.45%.

Wall Street Analysts Forecast Growth

C has been the subject of several analyst reports. Bank of America raised their price target on Citigroup from $89.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, June 26th. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Dbs Bank raised shares of Citigroup from a “hold” rating to a “moderate buy” rating in a research report on Thursday, July 17th. Keefe, Bruyette & Woods restated a “buy” rating on shares of Citigroup in a report on Wednesday, July 16th. Finally, TD Cowen increased their target price on Citigroup from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Wednesday, July 16th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $96.96.

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.