Simplicity Wealth LLC Acquires 6,021 Shares of Citigroup Inc. $C

Simplicity Wealth LLC raised its stake in Citigroup Inc. (NYSE:C) by 185.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,260 shares of the company’s stock after acquiring an additional 6,021 shares during the period. Simplicity Wealth LLC’s holdings in Citigroup were worth $788,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of C. Brighton Jones LLC grew its position in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in Citigroup by 13.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 8,204 shares of the company’s stock valued at $582,000 after acquiring an additional 950 shares during the period. First Citizens Bank & Trust Co. grew its position in Citigroup by 20.1% in the first quarter. First Citizens Bank & Trust Co. now owns 6,189 shares of the company’s stock valued at $439,000 after acquiring an additional 1,036 shares during the period. Daymark Wealth Partners LLC grew its position in Citigroup by 268.2% in the first quarter. Daymark Wealth Partners LLC now owns 10,778 shares of the company’s stock valued at $765,000 after acquiring an additional 7,851 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Citigroup by 28.8% in the first quarter. Farther Finance Advisors LLC now owns 27,914 shares of the company’s stock valued at $1,969,000 after acquiring an additional 6,242 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Insider Transactions at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, the director owned 2,140 shares of the company’s stock, valued at approximately $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

Citigroup Stock Performance

Citigroup stock opened at $97.70 on Wednesday. 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 1 year low of $55.51 and a 1 year high of $105.59. The company has a market cap of $179.86 billion, a PE ratio of 14.43, a PEG ratio of 0.84 and a beta of 1.37. The company’s 50-day moving average is $96.90 and its two-hundred day moving average is $83.34.

Citigroup (NYSE:C) last released its 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. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The company had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. During the same period in the prior year, the company posted $1.52 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Equities analysts anticipate 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. Shareholders of record on Monday, August 4th were given 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 was Monday, August 4th. This is a boost from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio is currently 35.45%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Oppenheimer lowered 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. Piper Sandler boosted their price objective on Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. The Goldman Sachs Group boosted 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. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Citigroup in a research note on Wednesday, July 16th. Finally, Morgan Stanley boosted their price objective on Citigroup from $107.00 to $129.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.68.

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.