Pure Financial Advisors LLC Makes New Investment in Citigroup Inc. $C

Pure Financial Advisors LLC bought a new stake in shares of Citigroup Inc. (NYSE:C) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,329 shares of the company’s stock, valued at approximately $454,000.

Several other large investors have also recently modified their holdings of C. Goldman Sachs Group Inc. increased its position in shares of Citigroup by 179.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock valued at $1,031,790,000 after purchasing an additional 9,334,038 shares during the last quarter. Nuveen LLC bought a new position in shares of Citigroup during the 1st quarter valued at approximately $578,100,000. Amundi increased its position in shares of Citigroup by 78.4% during the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock valued at $973,523,000 after purchasing an additional 6,026,268 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Citigroup by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after purchasing an additional 2,539,769 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG increased its position in shares of Citigroup by 2,230.8% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock valued at $186,726,000 after purchasing an additional 2,517,459 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the topic of several analyst reports. Piper Sandler boosted their target price on Citigroup from $84.00 to $104.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research report on Saturday, September 27th. Wells Fargo & Company boosted their price objective on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. TD Cowen upped their price objective on Citigroup from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, July 16th. Finally, Barclays upped their price objective on Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $99.68.

Citigroup Price Performance

Shares of C stock opened at $97.58 on Friday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The stock has a market capitalization of $179.64 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 0.83 and a beta of 1.37. The stock has a fifty day simple moving average of $96.79 and a two-hundred day simple moving average of $82.89. 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 issued 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 return on equity of 7.29% and a net margin of 8.44%.The business had revenue of $21.67 billion during the quarter, compared to analysts’ expectations of $20.75 billion. During the same period in the prior year, the business earned $1.52 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. On average, analysts predict that Citigroup Inc. will post 7.53 EPS 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 issued a $0.60 dividend. The ex-dividend date was Monday, August 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio (DPR) is currently 35.45%.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the company’s stock in a transaction on 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 sale, the director directly owned 2,140 shares in the company, valued at approximately $193,456. This represents a 58.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

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.