Leo Wealth LLC Acquires 3,041 Shares of Citigroup Inc. $C

Leo Wealth LLC grew its holdings in shares of Citigroup Inc. (NYSE:C) by 39.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,771 shares of the company’s stock after purchasing an additional 3,041 shares during the quarter. Leo Wealth LLC’s holdings in Citigroup were worth $917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Secure Asset Management LLC grew its stake in Citigroup by 3.7% in the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after buying an additional 118 shares during the last quarter. Golden State Equity Partners grew its position in Citigroup by 0.6% in the 2nd quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock worth $1,842,000 after purchasing an additional 122 shares during the last quarter. Wedmont Private Capital grew its position in Citigroup by 0.5% in the 2nd quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock worth $2,034,000 after purchasing an additional 129 shares during the last quarter. RDA Financial Network grew its position in Citigroup by 3.4% in the 2nd quarter. RDA Financial Network now owns 3,940 shares of the company’s stock worth $335,000 after purchasing an additional 130 shares during the last quarter. Finally, DMKC Advisory Services LLC grew its position in Citigroup by 0.7% in the 2nd quarter. DMKC Advisory Services LLC now owns 19,838 shares of the company’s stock worth $1,847,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Insider Buying and Selling 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 shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the transaction, the director directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. TD Cowen raised their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Wednesday, July 16th. Wells Fargo & Company lifted their target price on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Piper Sandler lifted their target price on shares of Citigroup from $84.00 to $104.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Citigroup in a research report on Wednesday, July 16th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.68.

Citigroup Trading Down 0.9%

Shares of C stock opened at $95.85 on Friday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59. The company has a market capitalization of $176.45 billion, a P/E ratio of 14.16, a P/E/G ratio of 0.84 and a beta of 1.37. The firm has a 50-day moving average price of $96.96 and a 200 day moving average price of $83.58. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C) last announced 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 net margin of 8.44% and a return on equity of 7.29%. The firm 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 posted $1.52 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. 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 announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were paid a $0.60 dividend. This is a boost from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s payout ratio is presently 35.45%.

Citigroup 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.