Citigroup Inc. $C Stock Position Raised by waypoint wealth counsel

waypoint wealth counsel raised its position in shares of Citigroup Inc. (NYSE:C) by 11.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,704 shares of the company’s stock after purchasing an additional 368 shares during the period. waypoint wealth counsel’s holdings in Citigroup were worth $315,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,499 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Citigroup by 12.7% during the 1st quarter. GAMMA Investing LLC now owns 34,236 shares of the company’s stock valued at $2,430,000 after purchasing an additional 3,855 shares in the last quarter. Ferguson Wellman Capital Management Inc. bought a new position in Citigroup during the first quarter valued at about $212,000. Relyea Zuckerberg Hanson LLC raised its holdings in Citigroup by 3.1% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 5,791 shares of the company’s stock valued at $411,000 after buying an additional 176 shares in the last quarter. Finally, Krilogy Financial LLC bought a new position in Citigroup during the first quarter valued at about $764,000. Institutional investors own 71.72% of the company’s stock.

Insider Activity

In related news, Director Peter B. Henry sold 3,000 shares of the business’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 transaction, the director directly owned 2,140 shares in the company, valued at $193,456. The trade was a 58.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.08% of the company’s stock.

Citigroup Stock Performance

Shares of NYSE C opened at $93.87 on Friday. 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 business’s 50 day moving average is $97.00 and its two-hundred day moving average is $83.78. The company has a market cap of $172.81 billion, a P/E ratio of 13.87, a P/E/G ratio of 0.82 and a beta of 1.37. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) 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 business had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Citigroup’s revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts expect that Citigroup Inc. will post 7.53 EPS 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 issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, August 4th. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s payout ratio is presently 35.45%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen upgraded Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Morgan Stanley raised their price objective on Citigroup from $107.00 to $129.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Bank of America lifted their price target on shares of Citigroup from $89.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, June 26th. Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Evercore ISI set a $77.00 price target on shares of Citigroup in a research report on Monday, July 7th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average 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.