Citigroup Inc. $C Shares Sold by IFP Advisors Inc

IFP Advisors Inc trimmed its position in Citigroup Inc. (NYSE:C) by 20.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,337 shares of the company’s stock after selling 3,656 shares during the quarter. IFP Advisors Inc’s holdings in Citigroup were worth $1,221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new position in Citigroup in the 1st quarter valued at about $28,000. Accent Capital Management LLC boosted its holdings in Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares during the last quarter. Truvestments Capital LLC boosted its holdings in 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 holdings in Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after purchasing an additional 253 shares during the last quarter. Finally, HHM Wealth Advisors LLC boosted its holdings in Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $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.

Insiders Place Their Bets

In related news, Director Peter B. Henry sold 3,000 shares of the company’s 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 sale, the director directly owned 2,140 shares of the company’s stock, valued at $193,456. This represents a 58.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is currently owned by insiders.

Citigroup Price Performance

Shares of C opened at $93.87 on Monday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The firm’s 50 day moving average price is $97.00 and its 200 day moving average price is $83.87. The company has a market cap of $172.81 billion, a P/E ratio of 13.87, a PEG ratio of 0.83 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.

Citigroup (NYSE:C) last announced its 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 in the prior year, the firm earned $1.52 EPS. The firm’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, research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of Citigroup from $84.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Bank of America upped their price objective on shares of Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, June 26th. UBS Group restated a “neutral” rating and issued a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Barclays upped their price objective on shares of Citigroup from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, Evercore ISI set a $77.00 price objective on shares of Citigroup in a report on Monday, July 7th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.