Flaharty Asset Management LLC Invests $43,000 in Citigroup Inc. $C

Flaharty Asset Management LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C) during the 1st quarter, Holdings Channel reports. The fund purchased 602 shares of the company’s stock, valued at approximately $43,000.

A number of other institutional investors have also added to or reduced their stakes in C. Orion Capital Management LLC acquired a new stake in Citigroup in the fourth quarter valued at approximately $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Citigroup in the 1st quarter valued at $28,000. Accent Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 212 shares in the last quarter. American National Bank & Trust bought a new stake in Citigroup during the 1st quarter worth $29,000. Finally, Truvestments Capital LLC increased its holdings in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company lifted their price target on Citigroup from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Morgan Stanley lifted their price target on shares of Citigroup from $103.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. TD Cowen boosted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Wednesday, July 16th. Dbs Bank upgraded Citigroup from a “hold” rating to a “moderate buy” rating in a research report on Thursday, July 17th. Finally, UBS Group reissued a “neutral” rating and issued a $89.00 price objective on shares of Citigroup in a research note on Tuesday, July 15th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average price target of $96.96.

Insider Activity

In related news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction 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 sale, 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 can be accessed through this hyperlink. Insiders own 0.08% of the company’s stock.

Citigroup Price Performance

Shares of NYSE:C opened at $97.27 on Thursday. The firm has a market capitalization of $179.06 billion, a PE ratio of 14.37, a P/E/G ratio of 0.84 and a beta of 1.41. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The company has a 50-day moving average price of $93.21 and a two-hundred day moving average price of $79.58. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $98.38.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The company had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. During the same period last year, the firm earned $1.52 EPS. Citigroup’s revenue for the quarter was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

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