KMG Fiduciary Partners LLC Sells 1,871 Shares of Citigroup Inc. $C

KMG Fiduciary Partners LLC lowered its position in Citigroup Inc. (NYSE:C) by 14.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,677 shares of the company’s stock after selling 1,871 shares during the period. KMG Fiduciary Partners LLC’s holdings in Citigroup were worth $909,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Private Advisory Group LLC raised its position in shares of Citigroup by 20.8% in the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock worth $4,940,000 after acquiring an additional 11,978 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Citigroup by 109.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company’s stock worth $88,458,000 after acquiring an additional 649,807 shares in the last quarter. Brighton Jones LLC raised its position in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares in the last quarter. Onyx Bridge Wealth Group LLC bought a new position in shares of Citigroup in the 1st quarter worth approximately $214,000. Finally, Pinnacle Financial Partners Inc increased its position in Citigroup by 495.1% during the 1st quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company’s stock valued at $1,317,000 after buying an additional 15,436 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Insider Transactions at Citigroup

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

Citigroup Stock Performance

NYSE:C opened at $102.46 on Friday. The stock has a 50-day simple moving average of $94.81 and a two-hundred day simple moving average of $80.48. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $102.70. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $188.62 billion, a PE ratio of 15.13, a P/E/G ratio of 0.87 and a beta of 1.41.

Citigroup (NYSE:C) last released 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. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The business had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. 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. 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. Shareholders of record on Monday, August 4th were issued a dividend of $0.60 per share. This is a boost from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s dividend payout ratio is presently 35.45%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday. Bank of America raised their price objective on Citigroup from $89.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, June 26th. Barclays raised their price objective on Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. The Goldman Sachs Group raised their price objective on Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Finally, Dbs Bank raised Citigroup from a “hold” rating to a “moderate buy” rating in a research report on Thursday, July 17th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus target price 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.