2,497 Shares in Citigroup Inc. $C Acquired by Ewa LLC

Ewa LLC bought a new stake in shares of Citigroup Inc. (NYSE:C) during the second quarter, Holdings Channel.com reports. The fund bought 2,497 shares of the company’s stock, valued at approximately $213,000.

A number of other large investors have also recently made changes to their positions in C. MorganRosel Wealth Management LLC bought a new stake in shares of Citigroup during the 1st quarter valued at $28,000. Accent Capital Management LLC grew its holdings 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 buying 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 buying an additional 246 shares during the period. HHM Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 467 shares in the last quarter. Finally, WPG Advisers LLC bought a new position in shares of Citigroup in the first quarter valued at approximately $38,000. 71.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

C has been the topic of several recent analyst reports. Truist Financial increased their target price on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Evercore ISI set a $77.00 price objective on Citigroup in a research report on Monday, July 7th. Keefe, Bruyette & Woods restated a “buy” rating on shares of Citigroup in a research report on Wednesday, July 16th. Barclays lifted their price target on Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Finally, Piper Sandler upped their price objective on shares of Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average target price of $99.68.

Insider Activity

In related news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the transaction, the director owned 2,140 shares in the company, valued at $193,456. The trade was a 58.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by insiders.

Citigroup Price Performance

Shares of NYSE:C opened at $97.25 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The stock has a market cap of $179.02 billion, a PE ratio of 14.36, a PEG ratio of 0.85 and a beta of 1.37. The company’s fifty day moving average is $96.76 and its 200 day moving average is $82.71. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59.

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, beating the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were issued a dividend of $0.60 per share. 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 2.5%. The ex-dividend date was Monday, August 4th. Citigroup’s dividend payout ratio (DPR) is currently 35.45%.

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.