Jupiter Wealth Management LLC Sells 15,588 Shares of Citigroup Inc. $C

Jupiter Wealth Management LLC lowered its holdings in Citigroup Inc. (NYSE:C) by 36.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,500 shares of the company’s stock after selling 15,588 shares during the quarter. Citigroup accounts for about 1.3% of Jupiter Wealth Management LLC’s investment portfolio, making the stock its 18th biggest holding. Jupiter Wealth Management LLC’s holdings in Citigroup were worth $2,094,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of C. Orion Capital Management LLC purchased a new position in Citigroup in the 4th quarter worth about $28,000. MorganRosel Wealth Management LLC bought a new stake in shares of Citigroup in the first quarter worth approximately $28,000. American National Bank & Trust bought a new stake in shares of Citigroup in the first quarter worth approximately $29,000. Accent Capital Management LLC raised its holdings in shares of Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares during the last quarter. Finally, Truvestments Capital LLC lifted its position in Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The stock was 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. The trade was a 58.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.08% of the company’s stock.

Citigroup Stock Up 1.5%

C stock opened at $97.31 on Wednesday. The business’s 50-day moving average price is $93.00 and its 200-day moving average price is $79.45. The stock has a market cap of $179.14 billion, a P/E ratio of 14.37, a PEG ratio of 0.83 and a beta of 1.41. 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 Inc. has a twelve month low of $55.51 and a twelve month high of $98.14.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $21.67 billion during the quarter, compared to analysts’ expectations of $20.75 billion. During the same period in the prior year, the company 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, equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s dividend payout ratio is currently 35.45%.

Analyst Ratings Changes

A number of equities research analysts have commented on C shares. Piper Sandler lifted their target price 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. UBS Group reaffirmed a “neutral” rating and issued a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Dbs Bank upgraded Citigroup from a “hold” rating to a “moderate buy” rating in a research report on Thursday, July 17th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Citigroup in a research report on Wednesday, July 16th. Finally, The Goldman Sachs Group boosted their price target on Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $96.96.

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.