WealthPlan Investment Management LLC Buys Shares of 7,368 Citigroup Inc. $C

WealthPlan Investment Management LLC acquired a new position in shares of Citigroup Inc. (NYSE:C) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 7,368 shares of the company’s stock, valued at approximately $627,000.

Other institutional investors also recently modified their holdings of the company. Private Advisory Group LLC grew its holdings in shares of 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 purchasing an additional 11,978 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings 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 in the last quarter. Brighton Jones LLC grew its holdings in shares of 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 purchasing an additional 12,499 shares in the last quarter. 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 grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C stock opened at $96.20 on Friday. The stock’s fifty day simple moving average is $97.50 and its 200 day simple moving average is $84.44. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $177.09 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 0.87 and a beta of 1.37. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.03). Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The company had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. During the same period in the prior year, the firm earned $1.51 EPS. Citigroup’s quarterly revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. On average, analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be given a $0.60 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.5%. Citigroup’s payout ratio is presently 33.71%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Bank of America lifted their price objective on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday. Evercore ISI set a $77.00 price objective on Citigroup in a report on Monday, July 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Citigroup in a research note on Wednesday, July 16th. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Piper Sandler boosted their price target on Citigroup from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.90.

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.