Octavia Wealth Advisors LLC Has $222,000 Stake in Citigroup Inc. $C

Octavia Wealth Advisors LLC lessened its holdings in Citigroup Inc. (NYSE:C) by 11.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,610 shares of the company’s stock after selling 337 shares during the period. Octavia Wealth Advisors LLC’s holdings in Citigroup were worth $222,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new stake in shares of Citigroup in the 1st quarter worth approximately $28,000. Accent Capital Management LLC increased its holdings in shares of Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the period. American National Bank & Trust purchased a new position in Citigroup in the first quarter worth $29,000. Truvestments Capital LLC grew its position in Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares in the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new position in Citigroup in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 0.4%

Shares of Citigroup stock opened at $102.03 on Friday. The company has a market capitalization of $187.82 billion, a P/E ratio of 15.07, a P/E/G ratio of 0.87 and a beta of 1.41. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. The company has a fifty day moving average of $96.11 and a 200 day moving average of $81.58.

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

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, August 4th. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s payout ratio is currently 35.45%.

Insider Buying and Selling

In related news, Director Peter B. Henry sold 3,000 shares of the company’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the transaction, the director directly owned 2,140 shares in the company, valued at approximately $193,456. This represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the subject of several analyst reports. TD Cowen upped 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. UBS Group reissued a “neutral” rating and issued a $89.00 price target on shares of Citigroup in a research note on Tuesday, July 15th. Barclays raised their target price on shares of Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Truist Financial increased their price target on shares of Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group increased their price target on shares of Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.11.

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.