Arcataur Capital Management LLC Invests $228,000 in Citigroup Inc. $C

Arcataur Capital Management LLC acquired a new stake in Citigroup Inc. (NYSE:C) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,683 shares of the company’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Secure Asset Management LLC lifted its holdings in Citigroup by 3.7% in the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after purchasing an additional 118 shares in the last quarter. Golden State Equity Partners grew its stake in Citigroup by 0.6% in the 2nd 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 period. Wedmont Private Capital raised its holdings in Citigroup by 0.5% in the 2nd quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock valued at $2,034,000 after acquiring an additional 129 shares during the last quarter. RDA Financial Network lifted its stake in shares of Citigroup by 3.4% during the 2nd quarter. RDA Financial Network now owns 3,940 shares of the company’s stock worth $335,000 after purchasing an additional 130 shares during the period. Finally, DMKC Advisory Services LLC boosted its holdings in shares of Citigroup by 0.7% during the second quarter. DMKC Advisory Services LLC now owns 19,838 shares of the company’s stock worth $1,847,000 after purchasing an additional 131 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Price Performance

Citigroup stock opened at $97.70 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $179.86 billion, a P/E ratio of 14.43, a PEG ratio of 0.84 and a beta of 1.37. The firm has a fifty day moving average of $96.90 and a 200-day moving average of $83.34. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm had revenue of $21.67 billion during the quarter, compared to analysts’ expectations of $20.75 billion. During the same period in the prior year, the company earned $1.52 EPS. The firm’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 predict that Citigroup Inc. will post 7.53 EPS for the current 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 $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. Citigroup’s payout ratio is 35.45%.

Insider Activity at Citigroup

In related 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 transaction of $271,200.00. Following the sale, the director directly owned 2,140 shares in the company, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on C. Wall Street Zen upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Citigroup in a research note on Wednesday, July 16th. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a report on Saturday, September 27th. Finally, Wells Fargo & Company upped their price target on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Eleven equities research 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.com, Citigroup presently has an average rating of “Moderate Buy” and an average target price 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.