Iron Horse Wealth Management LLC Grows Holdings in Citigroup Inc. $C

Iron Horse Wealth Management LLC raised its position in Citigroup Inc. (NYSE:C) by 1,875.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,580 shares of the company’s stock after buying an additional 1,500 shares during the period. Iron Horse Wealth Management LLC’s holdings in Citigroup were worth $134,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kickstand Ventures LLC. purchased a new position in Citigroup in the second quarter valued at $285,000. Simplicity Wealth LLC increased its holdings in Citigroup by 185.9% in the second quarter. Simplicity Wealth LLC now owns 9,260 shares of the company’s stock valued at $788,000 after buying an additional 6,021 shares in the last quarter. Olistico Wealth LLC increased its holdings in Citigroup by 938.8% in the second quarter. Olistico Wealth LLC now owns 2,545 shares of the company’s stock valued at $217,000 after buying an additional 2,300 shares in the last quarter. Highland Capital Management LLC increased its holdings in Citigroup by 0.3% in the second quarter. Highland Capital Management LLC now owns 206,529 shares of the company’s stock valued at $17,580,000 after buying an additional 710 shares in the last quarter. Finally, MBL Wealth LLC increased its holdings in Citigroup by 6.8% in the second quarter. MBL Wealth LLC now owns 3,719 shares of the company’s stock valued at $317,000 after buying an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup 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 sale, the director directly owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research report on Saturday, September 27th. UBS Group reiterated a “neutral” rating and issued a $89.00 target price on shares of Citigroup in a research report on Tuesday, July 15th. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Oppenheimer dropped their target price on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.68.

Citigroup Stock Performance

NYSE:C opened at $97.58 on Friday. The company’s 50-day moving average price is $96.79 and its 200-day moving average price is $82.97. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The company has a market cap of $179.64 billion, a P/E ratio of 14.41, a P/E/G ratio of 0.84 and a beta of 1.37. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $20.75 billion. During the same period last year, the firm posted $1.52 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders 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 yield of 2.5%. This is a boost from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s payout ratio is presently 35.45%.

About Citigroup

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.