Citigroup Inc. $C Shares Acquired by Triangle Securities Wealth Management

Triangle Securities Wealth Management increased its position in Citigroup Inc. (NYSE:C) by 1.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,430 shares of the company’s stock after purchasing an additional 171 shares during the period. Triangle Securities Wealth Management’s holdings in Citigroup were worth $1,058,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of C. Orion Capital Management LLC acquired a new position in Citigroup in the fourth quarter worth about $28,000. MorganRosel Wealth Management LLC bought a new position in Citigroup in the first quarter worth about $28,000. American National Bank & Trust bought a new position in Citigroup in the first quarter worth about $29,000. Accent Capital Management LLC lifted its holdings in Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares during the last quarter. Finally, Truvestments Capital LLC lifted its holdings in Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on 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 directly owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Citigroup Price Performance

NYSE C opened at $102.46 on Friday. The stock has a market capitalization of $188.62 billion, a P/E ratio of 15.13, a P/E/G ratio of 0.87 and a beta of 1.41. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $102.70. The business’s fifty day moving average is $94.81 and its two-hundred day moving average is $80.48. 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 posted its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.35. The company had revenue of $21.67 billion for the quarter, compared to analysts’ expectations of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were issued a $0.60 dividend. This is an increase from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s dividend payout ratio is currently 35.45%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on C. Bank of America raised 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. Evercore ISI set a $77.00 target price on shares of Citigroup in a report on Monday, July 7th. Wells Fargo & Company raised their target price on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday. Morgan Stanley raised their target price on shares of Citigroup from $103.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Citigroup in a report on Wednesday, July 16th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $97.68.

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.