IVC Wealth Advisors LLC Has $215,000 Stock Holdings in Citigroup Inc. $C

IVC Wealth Advisors LLC lessened its holdings in Citigroup Inc. (NYSE:C) by 14.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,521 shares of the company’s stock after selling 433 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Citigroup were worth $215,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Beacon Financial Advisory LLC boosted its holdings in shares of Citigroup by 2.1% during the 2nd quarter. Beacon Financial Advisory LLC now owns 21,722 shares of the company’s stock valued at $1,849,000 after acquiring an additional 442 shares in the last quarter. Iron Horse Wealth Management LLC boosted its holdings in shares of Citigroup by 1,875.0% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 1,580 shares of the company’s stock valued at $134,000 after acquiring an additional 1,500 shares in the last quarter. Kickstand Ventures LLC. acquired a new stake in shares of Citigroup during the 2nd quarter valued at $285,000. Simplicity Wealth LLC boosted its holdings in shares of Citigroup by 185.9% during the 2nd quarter. Simplicity Wealth LLC now owns 9,260 shares of the company’s stock valued at $788,000 after acquiring an additional 6,021 shares in the last quarter. Finally, Olistico Wealth LLC boosted its holdings in shares of Citigroup by 938.8% during the 2nd quarter. Olistico Wealth LLC now owns 2,545 shares of the company’s stock valued at $217,000 after acquiring an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Buying and Selling at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value 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 trade represents a 58.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on C. Truist Financial raised their price objective on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Dbs Bank downgraded Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. UBS Group reissued a “neutral” rating and set a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. The Goldman Sachs Group lifted their target price on Citigroup from $85.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, Oppenheimer cut their target price on Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.68.

Citigroup Stock Performance

C stock opened at $97.58 on Friday. The stock has a 50-day moving average price of $96.79 and a 200-day moving average price of $82.97. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The firm has a market cap of $179.64 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same period last year, the company posted $1.52 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share 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 given a $0.60 dividend. This is a boost 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 annualized dividend and a dividend yield of 2.5%. Citigroup’s dividend payout ratio is 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.