Jackson Thornton Wealth Management LLC Purchases Shares of 2,812 Citigroup Inc. $C

Jackson Thornton Wealth Management LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,812 shares of the company’s stock, valued at approximately $241,000.

A number of other hedge funds have also bought and sold shares of C. MorganRosel Wealth Management LLC acquired a new position in Citigroup during the 1st quarter valued at approximately $28,000. Accent Capital Management LLC increased its stake 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 purchasing an additional 212 shares in the last quarter. Truvestments Capital LLC increased its stake 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 purchasing an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. increased 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 worth $35,000 after acquiring an additional 253 shares during the period. Finally, HHM Wealth Advisors LLC increased its stake 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 acquiring an additional 467 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of NYSE C opened at $99.18 on Tuesday. The company’s fifty day moving average price is $97.72 and its 200 day moving average price is $85.15. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The company has a market capitalization of $182.58 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 0.82 and a beta of 1.37. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99.

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

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is presently 33.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TD Cowen increased their price objective on shares of Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. UBS Group reiterated a “neutral” rating and issued a $89.00 price objective on shares of Citigroup in a research note on Tuesday, July 15th. Morgan Stanley increased their price objective on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Piper Sandler increased their price objective on shares of Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.63.

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.