Citigroup Inc. $C Stock Position Lifted by Northern Financial Advisors Inc

Northern Financial Advisors Inc grew its position in shares of Citigroup Inc. (NYSE:C) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,252 shares of the company’s stock after buying an additional 189 shares during the period. Northern Financial Advisors Inc’s holdings in Citigroup were worth $532,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Private Advisory Group LLC lifted its holdings in Citigroup by 20.8% during the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock worth $4,940,000 after buying an additional 11,978 shares during the last quarter. Brighton Jones LLC lifted its holdings in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after buying an additional 12,499 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Citigroup by 109.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company’s stock worth $88,458,000 after purchasing an additional 649,807 shares during the period. Onyx Bridge Wealth Group LLC acquired a new stake in shares of Citigroup during the 1st quarter worth approximately $214,000. Finally, Hayek Kallen Investment Management raised its position in shares of Citigroup by 125.0% during the 1st quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock worth $1,103,000 after purchasing an additional 8,630 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 0.4%

C opened at $97.70 on Wednesday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $179.86 billion, a P/E ratio of 14.43, a P/E/G ratio of 0.84 and a beta of 1.37. The stock’s 50 day moving average price is $96.90 and its 200 day moving average price is $83.34.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on C shares. Wall Street Zen upgraded Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research report on Saturday, September 27th. Oppenheimer dropped their price target on Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Wells Fargo & Company increased their price target on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Finally, UBS Group reiterated a “neutral” rating and set a $89.00 price target on shares of Citigroup in a research report on Tuesday, July 15th. Eleven 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $99.68.

Insider Transactions at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction 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 trade represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.08% of the company’s stock.

Citigroup Company 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.