Relyea Zuckerberg Hanson LLC Increases Stake in Citigroup Inc. $C

Relyea Zuckerberg Hanson LLC boosted its position in Citigroup Inc. (NYSE:C) by 3.9% during the second quarter, Holdings Channel.com reports. The fund owned 6,016 shares of the company’s stock after purchasing an additional 225 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Citigroup were worth $512,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions 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 buying an additional 12,499 shares during the period. NBC Securities Inc. increased its position in shares of Citigroup by 108,133.3% in the 1st quarter. NBC Securities Inc. now owns 3,247 shares of the company’s stock worth $230,000 after purchasing an additional 3,244 shares during the last quarter. Vest Financial LLC grew its position in shares of Citigroup by 73.5% in the 1st quarter. Vest Financial LLC now owns 15,482 shares of the company’s stock worth $1,099,000 after acquiring an additional 6,559 shares in the last quarter. Signal Advisors Wealth LLC bought a new stake in Citigroup during the first quarter valued at $256,000. Finally, Procyon Advisors LLC raised its stake in Citigroup by 16.4% during the first quarter. Procyon Advisors LLC now owns 12,176 shares of the company’s stock worth $864,000 after acquiring an additional 1,712 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

Citigroup stock opened at $97.58 on Monday. 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 stock has a market capitalization of $179.64 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 0.84 and a beta of 1.37. The stock has a 50-day simple moving average of $96.79 and a 200 day simple moving average of $83.05. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. Citigroup’s dividend payout ratio is 35.45%.

Insider Transactions at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the company’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 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research report on Saturday, September 27th. Wells Fargo & Company lifted their target price on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Bank of America upped 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. Finally, Evercore ISI set a $77.00 target price on Citigroup in a report on Monday, July 7th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.