BIP Wealth LLC Buys 624 Shares of Citigroup Inc. $C

BIP Wealth LLC raised its stake in shares of Citigroup Inc. (NYSE:C) by 21.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,589 shares of the company’s stock after purchasing an additional 624 shares during the quarter. BIP Wealth LLC’s holdings in Citigroup were worth $306,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. MorganRosel Wealth Management LLC bought a new position in Citigroup during the first quarter valued at about $28,000. Accent Capital Management LLC grew its holdings in shares of Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares in the last quarter. Truvestments Capital LLC increased its position 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 purchasing an additional 246 shares during the period. DHJJ Financial Advisors Ltd. raised its stake in shares of Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after purchasing an additional 253 shares in the last quarter. Finally, HHM Wealth Advisors LLC lifted its position in Citigroup by 805.2% in the first 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 period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE:C opened at $98.77 on Friday. The stock has a market capitalization of $181.82 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The firm has a 50 day moving average of $97.93 and a 200-day moving average of $86.05.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. During the same period in the prior year, the business earned $1.51 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s payout ratio is currently 33.71%.

Analysts Set New Price Targets

Several brokerages have issued reports on C. Evercore ISI set a $77.00 price target on shares of Citigroup in a report on Monday, July 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $118.00 target price on shares of Citigroup in a research note on Tuesday, October 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research report on Friday. UBS Group reaffirmed a “neutral” rating and set a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Finally, Oppenheimer lowered their price objective on Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $107.63.

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.