Talon Private Wealth LLC Has $2.27 Million Stock Position in Citigroup Inc. $C

Talon Private Wealth LLC boosted its stake in Citigroup Inc. (NYSE:C) by 3,928.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,420 shares of the company’s stock after acquiring an additional 30,640 shares during the period. Talon Private Wealth LLC’s holdings in Citigroup were worth $2,266,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in C. Private Advisory Group LLC boosted its stake 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 valued at $4,940,000 after purchasing an additional 11,978 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Citigroup by 109.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company’s stock valued at $88,458,000 after buying an additional 649,807 shares during the period. Brighton Jones LLC lifted its holdings in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after buying an additional 12,499 shares during the period. Onyx Bridge Wealth Group LLC bought a new stake in Citigroup during the first quarter valued at $214,000. Finally, Pinnacle Financial Partners Inc grew its holdings in Citigroup by 495.1% during the 1st quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company’s stock worth $1,317,000 after acquiring an additional 15,436 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 1.7%

C stock opened at $95.44 on Friday. The stock’s 50 day simple moving average is $92.56 and its 200 day simple moving average is $79.23. The company has a market cap of $175.69 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 0.82 and a beta of 1.41. 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 Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $97.98.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm had revenue of $21.67 billion during the quarter, compared to analysts’ expectations of $20.75 billion. During the same quarter last year, the firm posted $1.52 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. On average, research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently disclosed 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. The ex-dividend date was Monday, August 4th. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 2.5%. Citigroup’s dividend payout ratio is currently 35.45%.

Insiders Place Their Bets

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the firm’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, the director directly owned 2,140 shares of the company’s stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on C shares. TD Cowen lifted their price objective on Citigroup from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Wednesday, July 16th. Oppenheimer raised their target price on Citigroup from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Morgan Stanley lifted their target price on Citigroup from $103.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Wells Fargo & Company increased their price target on Citigroup from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, Bank of America raised their price objective on shares of Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, June 26th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $96.96.

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.