Kingswood Wealth Advisors LLC Has $920,000 Stock Holdings in Citigroup Inc. $C

Kingswood Wealth Advisors LLC trimmed its position in shares of Citigroup Inc. (NYSE:C) by 52.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,813 shares of the company’s stock after selling 11,919 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Citigroup were worth $920,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Joel Isaacson & Co. LLC boosted its stake in shares of Citigroup by 7.7% during the second quarter. Joel Isaacson & Co. LLC now owns 5,947 shares of the company’s stock valued at $506,000 after purchasing an additional 426 shares in the last quarter. Tyche Wealth Partners LLC boosted its stake in shares of Citigroup by 33.4% during the second quarter. Tyche Wealth Partners LLC now owns 7,947 shares of the company’s stock valued at $676,000 after purchasing an additional 1,989 shares in the last quarter. KLP Kapitalforvaltning AS lifted its stake in shares of Citigroup by 3.3% in the second quarter. KLP Kapitalforvaltning AS now owns 894,941 shares of the company’s stock worth $76,177,000 after acquiring an additional 28,400 shares during the period. Avantra Family Wealth Inc. lifted its stake in shares of Citigroup by 7.6% in the second quarter. Avantra Family Wealth Inc. now owns 21,773 shares of the company’s stock worth $1,853,000 after acquiring an additional 1,529 shares during the period. Finally, Bingham Private Wealth LLC lifted its stake in shares of Citigroup by 3.8% in the second quarter. Bingham Private Wealth LLC now owns 7,943 shares of the company’s stock worth $676,000 after acquiring an additional 288 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the sale, the director owned 2,140 shares in the company, valued at $193,456. The trade was 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 corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on C shares. Evercore ISI set a $77.00 price objective on Citigroup in a research note on Monday, July 7th. Bank of America lifted their price objective on Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. Oppenheimer cut their price objective on Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Wells Fargo & Company lifted their price objective on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Finally, Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $99.68.

Citigroup Price Performance

Shares of C opened at $96.67 on Thursday. The firm has a market cap of $177.96 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $105.59. The business’s 50 day moving average price is $96.92 and its two-hundred day moving average price is $83.43. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last released 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. The firm had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The company also recently disclosed 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 a positive change from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, August 4th. Citigroup’s dividend payout ratio is presently 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.