Arete Wealth Advisors LLC Acquires 2,249 Shares of Citigroup Inc. $C

Arete Wealth Advisors LLC raised its holdings in Citigroup Inc. (NYSE:C) by 19.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,660 shares of the company’s stock after buying an additional 2,249 shares during the period. Arete Wealth Advisors LLC’s holdings in Citigroup were worth $904,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of C. Brighton Jones LLC raised its stake in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after buying an additional 12,499 shares during the period. Gotham Asset Management LLC grew its position in shares of Citigroup by 0.7% in the fourth quarter. Gotham Asset Management LLC now owns 47,770 shares of the company’s stock valued at $3,363,000 after purchasing an additional 344 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Citigroup by 6.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,233 shares of the company’s stock valued at $18,881,000 after purchasing an additional 16,000 shares during the last quarter. Mubadala Investment Co PJSC acquired a new position in shares of Citigroup in the fourth quarter valued at approximately $4,241,000. Finally, OMERS ADMINISTRATION Corp grew its position in shares of Citigroup by 50.9% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 99,377 shares of the company’s stock valued at $6,995,000 after purchasing an additional 33,532 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on C. Barclays upped their target price on Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Morgan Stanley upped their target price on Citigroup from $103.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Bank of America upped their target price on Citigroup from $89.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, June 26th. Wells Fargo & Company upped their target price on Citigroup from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Finally, Dbs Bank raised Citigroup from a “hold” rating to a “moderate buy” rating in a research report on Thursday, July 17th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $96.96.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the firm’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the sale, the director owned 2,140 shares of the company’s stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Citigroup Trading Up 1.5%

Shares of NYSE:C opened at $97.31 on Wednesday. The company has a market capitalization of $179.14 billion, a P/E ratio of 14.37, a P/E/G ratio of 0.83 and a beta of 1.41. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $98.14. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. The business’s 50 day simple moving average is $93.00 and its 200 day simple moving average is $79.45.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. The business had revenue of $21.67 billion for 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 firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio (DPR) is 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.