Bartlett & CO. Wealth Management LLC Trims Stock Holdings in Citigroup Inc. $C

Bartlett & CO. Wealth Management LLC lowered its holdings in shares of Citigroup Inc. (NYSE:C) by 3.7% in the second quarter, Holdings Channel.com reports. The fund owned 5,608 shares of the company’s stock after selling 215 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Citigroup were worth $477,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of C. MorganRosel Wealth Management LLC purchased a new stake in shares of Citigroup during the first quarter valued at $28,000. Accent Capital Management LLC increased its stake in Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after buying an additional 212 shares during the period. Truvestments Capital LLC lifted its holdings 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 buying an additional 246 shares in the last quarter. HHM Wealth Advisors LLC boosted its position in Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after buying an additional 467 shares during the period. Finally, WPG Advisers LLC bought a new position in Citigroup in the 1st quarter worth about $38,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

C has been the subject of a number of research reports. TD Cowen increased their price objective on Citigroup from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Wednesday, July 16th. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Evercore ISI set a $77.00 price target on Citigroup in a research note on Monday, July 7th. Piper Sandler lifted their price objective on Citigroup from $84.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Finally, Bank of America increased their target price on shares of Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, June 26th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average target price of $99.68.

Insider Activity

In other news, Director Peter B. Henry sold 3,000 shares of the company’s stock in a transaction dated Wednesday, July 16th. The shares were 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. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by company insiders.

Citigroup Price Performance

NYSE C opened at $97.25 on Friday. The firm’s fifty day simple moving average is $96.76 and its two-hundred day simple moving average is $82.71. The firm has a market capitalization of $179.02 billion, a P/E ratio of 14.36, a P/E/G ratio of 0.85 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 1.61. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59.

Citigroup (NYSE:C) last issued 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 firm had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the prior year, the business posted $1.52 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were paid a dividend of $0.60 per share. 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 dividend on an annualized basis and a dividend yield of 2.5%. Citigroup’s payout ratio is presently 35.45%.

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.