Citigroup Inc. $C Shares Bought by My Legacy Advisors LLC

My Legacy Advisors LLC lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,416 shares of the company’s stock after acquiring an additional 460 shares during the period. My Legacy Advisors LLC’s holdings in Citigroup were worth $907,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Private Advisory Group LLC grew its position in shares of Citigroup by 20.8% during the first quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock worth $4,940,000 after acquiring an additional 11,978 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in Citigroup by 109.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company’s stock valued at $88,458,000 after buying an additional 649,807 shares during the last quarter. Brighton Jones LLC grew its position in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after buying an additional 12,499 shares during the last quarter. Onyx Bridge Wealth Group LLC purchased a new position in Citigroup in the 1st quarter valued at $214,000. Finally, Pinnacle Financial Partners Inc grew its position in Citigroup by 495.1% in the 1st quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company’s stock valued at $1,317,000 after buying an additional 15,436 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on C shares. Evercore ISI set a $77.00 price objective on shares of Citigroup in a research report on Monday, July 7th. Barclays lifted their price objective on shares of Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Morgan Stanley lifted their price objective on shares of Citigroup from $103.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Truist Financial lifted their price objective on shares of Citigroup from $99.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Finally, Keefe, Bruyette & Woods restated a “buy” rating on shares of Citigroup in a research report on Wednesday, July 16th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $97.68.

Insider Transactions at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the sale, the director owned 2,140 shares of the company’s stock, valued at approximately $193,456. This represents a 58.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.08% of the company’s stock.

Citigroup Trading Up 0.2%

NYSE C opened at $102.64 on Friday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $103.13. The company has a 50-day moving average of $95.12 and a 200-day moving average of $80.69. 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 company has a market cap of $188.95 billion, a P/E ratio of 15.16, a P/E/G ratio of 0.88 and a beta of 1.41.

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

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were given a dividend of $0.60 per share. 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 dividend on an annualized basis and a yield of 2.3%. Citigroup’s dividend payout ratio is currently 35.45%.

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.