Ewa LLC Makes New $213,000 Investment in Citigroup Inc. $C

Ewa LLC acquired a new stake in Citigroup Inc. (NYSE:C) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,497 shares of the company’s stock, valued at approximately $213,000.

Several other large investors have also added to or reduced their stakes in the business. MorganRosel Wealth Management LLC bought a new position in shares of Citigroup during the 1st quarter worth approximately $28,000. Accent Capital Management LLC lifted its position in shares of Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the period. Truvestments Capital LLC boosted its stake in Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares in the last quarter. HHM Wealth Advisors LLC grew its holdings in Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after purchasing an additional 467 shares during the period. Finally, WPG Advisers LLC acquired a new position in shares of Citigroup during the first quarter valued at about $38,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Down 1.5%

NYSE:C opened at $97.25 on Friday. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59. The firm has a 50-day moving average price of $96.76 and a two-hundred day moving average price of $82.71. The firm has a market cap 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. 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 issued its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. The company had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.Citigroup’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

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

Insider Buying and Selling at Citigroup

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on C. Morgan Stanley raised their target price on Citigroup from $107.00 to $129.00 and gave the company an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Citigroup in a research report on Wednesday, July 16th. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Piper Sandler upped their price objective on shares of Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, Barclays lifted their price objective on shares of Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.68.

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.