Almanack Investment Partners LLC. Purchases New Shares in Citigroup Inc. $C

Almanack Investment Partners LLC. purchased a new stake in Citigroup Inc. (NYSE:C) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 14,390 shares of the company’s stock, valued at approximately $1,225,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Valley Brook Capital Group Inc. acquired a new position in shares of Citigroup in the second quarter valued at about $217,000. CWM LLC grew its stake in Citigroup by 7.6% during the second quarter. CWM LLC now owns 141,158 shares of the company’s stock worth $12,015,000 after buying an additional 9,938 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Citigroup during the second quarter worth about $123,000. Board of the Pension Protection Fund acquired a new stake in Citigroup during the second quarter worth about $1,021,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Citigroup by 11.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 238,276 shares of the company’s stock worth $20,292,000 after buying an additional 25,303 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on C shares. Wells Fargo & Company increased their price objective on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. UBS Group reiterated a “neutral” rating and set a $89.00 price objective on shares of Citigroup in a research note on Tuesday, July 15th. Evercore ISI set a $77.00 price objective on shares of Citigroup in a research note on Monday, July 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of Citigroup in a report on Wednesday, July 16th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $99.68.

Insider Transactions at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the transaction, the director owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by company insiders.

Citigroup Stock Down 2.1%

C stock opened at $93.87 on Monday. The stock has a market capitalization of $172.81 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The firm has a 50-day moving average price of $97.00 and a 200-day moving average price of $83.87.

Citigroup (NYSE:C) last issued its quarterly earnings data 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 business had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

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.