Woodward Diversified Capital LLC Invests $418,000 in Citigroup Inc. $C

Woodward Diversified Capital LLC purchased a new stake in Citigroup Inc. (NYSE:C) in the second quarter, HoldingsChannel reports. The institutional investor purchased 4,910 shares of the company’s stock, valued at approximately $418,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of C. MorganRosel Wealth Management LLC purchased a new stake in shares of Citigroup in the 1st quarter valued at about $28,000. Accent Capital Management LLC lifted its stake in Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after buying an additional 212 shares during the last quarter. Truvestments Capital LLC lifted its stake in Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after buying an additional 246 shares during the last quarter. HHM Wealth Advisors LLC lifted its stake in Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after buying an additional 467 shares during the last quarter. Finally, Cornerstone Planning Group LLC raised its position in Citigroup by 68.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 577 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Down 2.7%

NYSE C opened at $98.72 on Thursday. The stock has a market capitalization of $181.74 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.87 and a beta of 1.37. 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 $96.72 and a 200 day moving average price of $82.52. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C) last issued 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. The business 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%.The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were given a $0.60 dividend. The ex-dividend date was Monday, August 4th. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 2.4%. Citigroup’s dividend payout ratio (DPR) is currently 35.45%.

Analyst Ratings Changes

Several research firms recently commented on C. Barclays upped their price target on shares of Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Oppenheimer decreased their target price on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Morgan Stanley upped their price objective on Citigroup from $107.00 to $129.00 and gave the company an “overweight” rating in a research note on Monday. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Truist Financial upped their price objective on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $99.68.

Insider Transactions at Citigroup

In other 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 value of $271,200.00. Following the completion of the transaction, the director owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.08% of the company’s stock.

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.