Compass Wealth Management LLC Invests $753,000 in Citigroup Inc. $C

Compass Wealth Management LLC acquired a new stake in shares of Citigroup Inc. (NYSE:C) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,377 shares of the company’s stock, valued at approximately $753,000.

A number of other hedge funds have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. grew its stake in Citigroup by 173.8% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 334 shares of the company’s stock worth $47,000 after acquiring an additional 212 shares during the period. Danske Bank A S boosted its holdings in shares of Citigroup by 82.3% during the second quarter. Danske Bank A S now owns 1,815,137 shares of the company’s stock worth $254,047,000 after purchasing an additional 819,286 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of Citigroup by 98.7% during the second quarter. Diversify Advisory Services LLC now owns 36,197 shares of the company’s stock worth $4,818,000 after purchasing an additional 17,982 shares during the last quarter. Foster & Motley Inc. purchased a new stake in shares of Citigroup in the second quarter valued at $504,000. Finally, Paladin Partners LLC acquired a new position in Citigroup in the second quarter valued at $27,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analysts Set New Price Targets

C has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $150.00 target price on shares of Citigroup in a research report on Wednesday, July 15th. Zacks Research raised shares of Citigroup from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Argus set a $150.00 price target on shares of Citigroup in a research report on Wednesday, July 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a report on Friday, July 17th. Finally, Evercore set a $143.00 target price on Citigroup in a report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average target price of $145.22.

Citigroup Price Performance

Shares of C opened at $137.66 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market cap of $234.79 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 0.63 and a beta of 1.12. Citigroup Inc. has a 52 week low of $90.68 and a 52 week high of $147.96. The stock has a 50 day moving average of $137.54 and a 200-day moving average of $126.02.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.41. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The firm had revenue of $24.77 billion for the quarter, compared to analysts’ expectations of $23.74 billion. During the same period last year, the business posted $1.96 earnings per share. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, analysts forecast that Citigroup Inc. will post 11.2 EPS for the current year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 3rd will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.9%. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, August 3rd. Citigroup’s dividend payout ratio (DPR) is currently 28.94%.

Citigroup announced that its Board of Directors has authorized a share repurchase program on Thursday, May 7th that authorizes the company to buyback $30.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 13.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup plans to launch institutional Bitcoin custody services later this year, allowing clients to hold digital and traditional assets under one framework. The offering could create new fee revenue, strengthen Citi’s institutional-asset franchise and help the bank compete with major Wall Street rivals in digital-asset infrastructure. Bitcoin Custody for Institutional Clients Is Coming to Citi Later This Year
• Positive Sentiment: Citi also introduced its Custody+ platform, featuring continuous settlement, artificial-intelligence tools and an in-house tokenization rail through Citi Token Services. The platform supports the bank’s strategy of modernizing custody and transaction services, although the immediate earnings contribution remains uncertain. Citigroup Rolls Out Custody+ Platform With Bitcoin Services and Continuous Settlement
• Neutral Sentiment: Citi’s research team said prediction markets point toward a divided U.S. government after the midterm elections and outlined potential trading implications. The analysis may influence views on regulation, fiscal policy and bank-sector conditions, but it does not represent a direct change to Citigroup’s fundamentals. Prediction Markets See a Divided Government After Midterm Elections
• Negative Sentiment: Citigroup and five other banks agreed to an $86.4 million settlement resolving allegations of manipulation in Mexico’s bond market. Citi’s share of the payment was not specified, but the resolution creates a modest cost and reinforces regulatory and litigation risks for the bank. Major US Banks Agree to $86.4M Settlement in Mexican Bond-Rigging Case

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.