Tandem Capital Management Corp ADV Sells 112 Shares of Citigroup Inc. $C

Tandem Capital Management Corp ADV lowered its stake in shares of Citigroup Inc. (NYSE:C) by 0.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 17,375 shares of the company’s stock after selling 112 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Citigroup were worth $1,479,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of C. MorganRosel Wealth Management LLC bought a new position in shares of Citigroup during the 1st quarter valued at approximately $28,000. Accent Capital Management LLC grew its position in Citigroup by 106.0% in 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 during the last quarter. Truvestments Capital LLC grew its position in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after acquiring an additional 246 shares during the last quarter. DHJJ Financial Advisors Ltd. grew its position in Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after acquiring an additional 253 shares during the last quarter. Finally, HHM Wealth Advisors LLC grew its position in Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after acquiring an additional 467 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C stock opened at $96.67 on Thursday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The stock has a market capitalization of $177.96 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 0.85 and a beta of 1.37. The stock has a fifty day simple moving average of $96.92 and a two-hundred day simple moving average of $83.43. 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 (NYSE:C) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to analysts’ expectations of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The business also recently disclosed 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 is an increase from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. Citigroup’s dividend payout ratio (DPR) is currently 35.45%.

Insider Buying and Selling at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the company’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 completion of the sale, the director directly owned 2,140 shares in the company, valued at $193,456. This represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on C shares. Bank of America upped 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. Morgan Stanley upped their price objective on Citigroup from $107.00 to $129.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Oppenheimer cut their price objective on Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Piper Sandler upped their price objective on 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 report on Wednesday, July 16th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $99.68.

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.