Citigroup Inc. $C Shares Bought by Citizens National Bank Trust Department

Citizens National Bank Trust Department grew its holdings in Citigroup Inc. (NYSE:C) by 3.9% during the 2nd quarter, Holdings Channel reports. The firm owned 17,872 shares of the company’s stock after buying an additional 669 shares during the period. Citizens National Bank Trust Department’s holdings in Citigroup were worth $1,521,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of C. MorganRosel Wealth Management LLC purchased a new position in Citigroup during the first quarter worth $28,000. Accent Capital Management LLC lifted its position in shares of 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 in the last quarter. Truvestments Capital LLC boosted its stake in shares of Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after acquiring an additional 246 shares during the last quarter. DHJJ Financial Advisors Ltd. increased its position in 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 purchasing an additional 253 shares in the last quarter. Finally, HHM Wealth Advisors LLC increased its position in Citigroup by 805.2% during 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 in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The shares were 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 of the company’s stock, valued at $193,456. The trade was a 58.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

Citigroup Stock Down 0.4%

Shares of NYSE C opened at $97.70 on Wednesday. The stock has a market capitalization of $179.86 billion, a PE ratio of 14.43, a P/E/G ratio of 0.84 and a beta of 1.37. 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 firm has a fifty day moving average of $96.90 and a 200-day moving average of $83.34. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59.

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

Citigroup Increases Dividend

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

Analyst Ratings Changes

A number of research firms have issued reports on C. Wells Fargo & Company upped their target price on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. UBS Group reissued a “neutral” rating and issued a $89.00 price objective on shares of Citigroup in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Citigroup in a research note on Wednesday, July 16th. The Goldman Sachs Group lifted their target price on shares of Citigroup from $85.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, Barclays boosted their price target on Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average 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.