IVC Wealth Advisors LLC Sells 433 Shares of Citigroup Inc. $C

IVC Wealth Advisors LLC trimmed its position in Citigroup Inc. (NYSE:C) by 14.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,521 shares of the company’s stock after selling 433 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Citigroup were worth $215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new stake in Citigroup in the 1st quarter valued at about $28,000. Accent Capital Management LLC boosted its stake in Citigroup by 106.0% during 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. DHJJ Financial Advisors Ltd. boosted its stake in Citigroup by 157.1% during 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. Truvestments Capital LLC boosted its stake in Citigroup by 131.6% during 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. Finally, HHM Wealth Advisors LLC boosted its stake in Citigroup by 805.2% during 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 owned by institutional investors.

Insider Buying and Selling

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 stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.08% of the company’s stock.

Citigroup Price Performance

Shares of NYSE C 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’s 50 day moving average price is $96.79 and its 200-day moving average price is $82.97. The company has a market capitalization of $179.64 billion, a PE ratio of 14.41, a PEG 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.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter in the prior year, the business earned $1.52 earnings per share. Citigroup’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, equities analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were paid a $0.60 dividend. The ex-dividend date was Monday, August 4th. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 2.5%. Citigroup’s dividend payout ratio (DPR) is currently 35.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Dbs Bank downgraded Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Oppenheimer cut their price target on Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Morgan Stanley lifted their price target on Citigroup from $107.00 to $129.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Citigroup in a research note on Wednesday, July 16th. Finally, Evercore ISI set a $77.00 price target on Citigroup in a research note on Monday, July 7th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.