Calton & Associates Inc. Acquires 798 Shares of Citigroup Inc. $C

Calton & Associates Inc. grew its holdings in Citigroup Inc. (NYSE:C) by 17.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,440 shares of the company’s stock after purchasing an additional 798 shares during the period. Calton & Associates Inc.’s holdings in Citigroup were worth $386,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of C. Orion Capital Management LLC bought a new stake in shares of Citigroup in the fourth quarter valued at approximately $28,000. MorganRosel Wealth Management LLC bought a new stake in shares of Citigroup in the first quarter valued at approximately $28,000. American National Bank & Trust bought a new stake in shares of Citigroup in the first quarter valued at approximately $29,000. Accent Capital Management LLC raised its position in shares of Citigroup by 106.0% in 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 period. Finally, Truvestments Capital LLC raised its position in shares of Citigroup by 131.6% in 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. Institutional investors own 71.72% of the company’s stock.

Insider Activity

In other news, Director Peter B. Henry sold 3,000 shares of the company’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 completion of the sale, the director owned 2,140 shares of the company’s stock, valued at approximately $193,456. This represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on C. TD Cowen boosted their price target on shares of Citigroup from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, July 16th. Wells Fargo & Company boosted their price objective on shares of Citigroup from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Piper Sandler boosted their price objective on shares of Citigroup from $84.00 to $104.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Dbs Bank raised shares of Citigroup from a “hold” rating to a “moderate buy” rating in a research note on Thursday, July 17th. Finally, The Goldman Sachs Group boosted their price objective on shares of 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 stock. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus price target of $96.54.

Citigroup Price Performance

C stock opened at $96.54 on Monday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a one year low of $55.51 and a one year high of $97.49. The stock has a market cap of $177.72 billion, a PE ratio of 14.26, a P/E/G ratio of 0.83 and a beta of 1.41. The firm has a 50 day simple moving average of $91.23 and a two-hundred day simple moving average of $78.80.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 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 business had revenue of $21.67 billion during the quarter, compared to analysts’ expectations of $20.75 billion. During the same quarter in the previous year, the company earned $1.52 EPS. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. 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 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 is a positive change from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend 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 is currently 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.