Citigroup Inc. (NYSE:C) Position Lowered by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. reduced its position in Citigroup Inc. (NYSE:C) by 15.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,173 shares of the company’s stock after selling 946 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Citigroup were worth $328,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. One Capital Management LLC raised its holdings in shares of Citigroup by 3.8% during the second quarter. One Capital Management LLC now owns 152,837 shares of the company’s stock worth $9,699,000 after purchasing an additional 5,606 shares during the period. Dimensional Fund Advisors LP raised its stake in Citigroup by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 9,300,447 shares of the company’s stock worth $590,106,000 after acquiring an additional 168,070 shares during the period. Waycross Partners LLC lifted its holdings in Citigroup by 11.9% in the second quarter. Waycross Partners LLC now owns 177,931 shares of the company’s stock worth $11,292,000 after acquiring an additional 18,988 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Citigroup by 116.9% in the second quarter. Brown Brothers Harriman & Co. now owns 10,622 shares of the company’s stock valued at $674,000 after acquiring an additional 5,724 shares during the period. Finally, Poehling Capital Management INC. grew its holdings in shares of Citigroup by 1.4% during the second quarter. Poehling Capital Management INC. now owns 62,756 shares of the company’s stock valued at $3,982,000 after purchasing an additional 896 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

C has been the subject of a number of analyst reports. Argus boosted their price objective on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 15th. The Goldman Sachs Group reduced their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. BMO Capital Markets increased their price objective on shares of Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Piper Sandler boosted their target price on shares of Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $68.25.

Citigroup Stock Performance

Shares of C opened at $58.39 on Tuesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. The firm’s 50 day moving average is $61.68 and its 200-day moving average is $61.40. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $67.81. The stock has a market capitalization of $111.38 billion, a P/E ratio of 16.36, a P/E/G ratio of 0.62 and a beta of 1.45.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. The firm had revenue of $20.14 billion for the quarter, compared to analysts’ expectations of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. Citigroup’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. Equities research analysts anticipate that Citigroup Inc. will post 5.81 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Monday, August 5th. This is a boost from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio (DPR) is 62.75%.

Citigroup Company 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.