Citigroup Inc. $C Shares Sold by Wealth Management Associates Inc.

Wealth Management Associates Inc. lowered its stake in shares of Citigroup Inc. (NYSE:C) by 6.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,952 shares of the company’s stock after selling 465 shares during the quarter. Wealth Management Associates Inc.’s holdings in Citigroup were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in C. Orion Capital Management LLC bought a new position in Citigroup during the fourth quarter worth $28,000. MorganRosel Wealth Management LLC bought a new position in Citigroup during the first quarter worth $28,000. American National Bank & Trust bought a new position in Citigroup during the first quarter worth $29,000. Accent Capital Management LLC lifted its stake in Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the last quarter. Finally, Truvestments Capital LLC lifted its stake in Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director directly owned 2,140 shares in the company, valued at $193,456. The trade was a 58.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Price Performance

Shares of NYSE C opened at $97.27 on Thursday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $98.38. The firm’s 50-day simple moving average is $93.21 and its 200 day simple moving average is $79.58. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The stock has a market cap of $179.06 billion, a P/E ratio of 14.37, a P/E/G ratio of 0.84 and a beta of 1.41.

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

Citigroup Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Dbs Bank upgraded Citigroup from a “hold” rating to a “moderate buy” rating in a research note on Thursday, July 17th. Wall Street Zen upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. The Goldman Sachs Group raised their price objective on Citigroup from $85.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Cowen began coverage on Citigroup in a research note on Wednesday, May 14th. They set a “hold” rating on the stock. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Citigroup in a research note on Wednesday, July 16th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.96.

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.