Capital Asset Advisory Services LLC Lowers Stock Position in Citigroup Inc. $C

Capital Asset Advisory Services LLC lessened its holdings in Citigroup Inc. (NYSE:C) by 1.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 39,957 shares of the company’s stock after selling 433 shares during the period. Capital Asset Advisory Services LLC’s holdings in Citigroup were worth $3,447,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. True Wealth Design LLC lifted its position in shares of Citigroup by 11.1% in the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock worth $84,000 after purchasing an additional 119 shares during the period. Continuum Advisory LLC lifted its position in shares of Citigroup by 1.9% in the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company’s stock worth $459,000 after purchasing an additional 120 shares during the period. RDA Financial Network raised its stake in shares of Citigroup by 3.4% during the 2nd quarter. RDA Financial Network now owns 3,940 shares of the company’s stock worth $335,000 after acquiring an additional 130 shares in the last quarter. Solitude Financial Services raised its stake in shares of Citigroup by 0.9% during the 1st quarter. Solitude Financial Services now owns 16,496 shares of the company’s stock worth $1,171,000 after acquiring an additional 140 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its stake in shares of Citigroup by 2.1% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 6,902 shares of the company’s stock worth $490,000 after acquiring an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on C shares. Truist Financial boosted their price objective on shares of Citigroup from $99.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. UBS Group reiterated a “neutral” rating and set a $89.00 price objective on shares of Citigroup in a research note on Tuesday, July 15th. TD Cowen boosted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Wednesday, July 16th. Finally, Dbs Bank upgraded shares of Citigroup from a “hold” rating to a “moderate buy” rating in a research note on Thursday, July 17th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.96.

Insider Activity

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the firm’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the transaction, the director owned 2,140 shares of the company’s stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Citigroup Trading Up 0.7%

NYSE C opened at $99.51 on Friday. The company has a fifty day simple moving average of $93.63 and a two-hundred day simple moving average of $79.87. The stock has a market cap of $183.19 billion, a P/E ratio of 14.70, a P/E/G ratio of 0.85 and a beta of 1.41. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $99.70. 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 posted its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. The business had revenue of $21.67 billion during the quarter, compared to analysts’ expectations of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were issued a $0.60 dividend. This is an increase from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s dividend payout ratio is 35.45%.

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.