Fourpath Capital Management LLC Purchases 321 Shares of Citigroup Inc. $C

Fourpath Capital Management LLC lifted its position in Citigroup Inc. (NYSE:C) by 11.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,225 shares of the company’s stock after purchasing an additional 321 shares during the quarter. Fourpath Capital Management LLC’s holdings in Citigroup were worth $275,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new stake in shares of Citigroup in the 1st quarter worth about $28,000. Accent Capital Management LLC grew its holdings in shares of Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the last quarter. DHJJ Financial Advisors Ltd. grew its holdings in shares of Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares during the last quarter. Truvestments Capital LLC grew its holdings in shares of 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 during the last quarter. Finally, HHM Wealth Advisors LLC grew its holdings in shares of Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after purchasing an additional 467 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Insider Transactions at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the 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 directly owned 2,140 shares of the company’s stock, valued at approximately $193,456. This represents a 58.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.08% of the company’s stock.

Citigroup Stock Performance

Citigroup stock opened at $93.87 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The company has a market cap of $172.81 billion, a PE ratio of 13.87, a PEG ratio of 0.84 and a beta of 1.37. The company’s 50-day moving average is $97.00 and its two-hundred day moving average is $83.71.

Citigroup (NYSE:C) last released its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $20.75 billion. During the same period in the prior year, the company posted $1.52 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, August 4th. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio (DPR) is currently 35.45%.

Wall Street Analysts Forecast Growth

C has been the topic of several analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Citigroup in a report on Wednesday, July 16th. Piper Sandler upped their price target on shares of Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Evercore ISI set a $77.00 price target on shares of Citigroup in a research report on Monday, July 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday. Finally, Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.68.

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.