Wetzel Investment Advisors Inc. Purchases 1,575 Shares of Citigroup Inc. $C

Wetzel Investment Advisors Inc. increased its position in Citigroup Inc. (NYSE:C) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,541 shares of the company’s stock after buying an additional 1,575 shares during the quarter. Citigroup accounts for 1.3% of Wetzel Investment Advisors Inc.’s portfolio, making the stock its 18th largest position. Wetzel Investment Advisors Inc.’s holdings in Citigroup were worth $2,940,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Secure Asset Management LLC grew its stake in shares of Citigroup by 3.7% in the second quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock worth $280,000 after acquiring an additional 118 shares during the last quarter. Golden State Equity Partners grew its stake in shares of Citigroup by 0.6% in the second quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock worth $1,842,000 after acquiring an additional 122 shares during the last quarter. Wedmont Private Capital grew its stake in shares of Citigroup by 0.5% in the second quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock worth $2,034,000 after acquiring an additional 129 shares during the last quarter. RDA Financial Network grew its stake in shares of Citigroup by 3.4% in the second quarter. RDA Financial Network now owns 3,940 shares of the company’s stock worth $335,000 after acquiring an additional 130 shares during the last quarter. Finally, Solitude Financial Services grew its stake in shares of 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 during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 1.6%

C stock opened at $101.52 on Wednesday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The business’s 50-day moving average is $96.66 and its two-hundred day moving average is $82.41. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $186.89 billion, a price-to-earnings ratio of 15.00, a P/E/G ratio of 0.88 and a beta of 1.41.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter in the prior year, the company earned $1.52 earnings per share. Citigroup’s revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

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

Insider Activity at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the firm’s 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 transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on C. Wells Fargo & Company upped their price target on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Bank of America upped 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. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Citigroup in a report on Wednesday, July 16th. The Goldman Sachs Group upped their price target on Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen raised Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $99.68.

Citigroup Company 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.