Citigroup Inc. $C Shares Acquired by Belpointe Asset Management LLC

Belpointe Asset Management LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 7.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 36,358 shares of the company’s stock after acquiring an additional 2,410 shares during the period. Belpointe Asset Management LLC’s holdings in Citigroup were worth $3,095,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in shares of Citigroup in the first quarter worth $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 acquiring an additional 212 shares during the last quarter. Truvestments Capital LLC lifted its stake in shares of Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares during the last quarter. DHJJ Financial Advisors Ltd. boosted its stake in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after acquiring an additional 253 shares in the last quarter. Finally, HHM Wealth Advisors LLC lifted its holdings in Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after purchasing an additional 467 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Trading Up 0.3%

NYSE:C opened at $98.02 on Tuesday. The business’s 50-day moving average price is $96.84 and its two-hundred day moving average price is $83.23. The firm has a market capitalization of $180.45 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 0.84 and a beta of 1.37. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $20.75 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current 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 $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, August 4th. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio (DPR) is presently 35.45%.

Insider Activity at Citigroup

In other 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 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 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.

Analyst Ratings Changes

A number of research firms recently issued reports on C. Piper Sandler raised their target price on shares of Citigroup from $84.00 to $104.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Truist Financial upped their target price on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Citigroup in a report on Wednesday, July 16th. Finally, Wells Fargo & Company increased their price target on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Eleven research 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, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $99.68.

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.