Hamilton Capital LLC Invests $200,000 in Citigroup Inc. $C

Hamilton Capital LLC acquired a new position in shares of Citigroup Inc. (NYSE:C) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,820 shares of the company’s stock, valued at approximately $200,000.

Several other large investors also recently added to or reduced their stakes in C. Orion Capital Management LLC purchased a new stake in shares of Citigroup in the fourth quarter valued at approximately $28,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Citigroup during the 1st quarter valued at $28,000. Accent Capital Management LLC lifted its holdings in shares of Citigroup by 106.0% during the 1st 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. American National Bank & Trust purchased a new stake in shares of Citigroup during the 1st quarter valued at $29,000. Finally, Truvestments Capital LLC increased its position in shares of 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 period. 71.72% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the director directly 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 filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on C. Morgan Stanley upped their target price on Citigroup from $103.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Barclays raised their target price on Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. UBS Group reaffirmed a “neutral” rating and issued a $89.00 price target on shares of Citigroup in a research note on Tuesday, July 15th. Cowen began coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a “hold” rating on the stock. Finally, Evercore ISI set a $77.00 price target on shares of Citigroup in a report on Monday, July 7th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $96.96.

Citigroup Trading Down 1.7%

NYSE:C opened at $95.44 on Monday. The stock has a 50-day simple moving average of $92.56 and a 200-day simple moving average of $79.22. The stock has a market cap of $175.69 billion, a P/E ratio of 14.10, a P/E/G ratio of 0.82 and a beta of 1.41. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $97.98. 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 (NYSE:C) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were paid a dividend of $0.60 per share. 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 (DPR) is currently 35.45%.

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.