Viewpoint Capital Management LLC Has $5.24 Million Stock Position in Citigroup Inc. $C

Viewpoint Capital Management LLC decreased its stake in shares of Citigroup Inc. (NYSE:C) by 0.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 61,500 shares of the company’s stock after selling 300 shares during the quarter. Citigroup accounts for 2.6% of Viewpoint Capital Management LLC’s holdings, making the stock its 9th largest position. Viewpoint Capital Management LLC’s holdings in Citigroup were worth $5,235,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in C. Secure Asset Management LLC raised its holdings in Citigroup by 3.7% in the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after acquiring an additional 118 shares in the last quarter. Golden State Equity Partners raised its stake in shares of Citigroup by 0.6% in the second quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock valued at $1,842,000 after purchasing an additional 122 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Citigroup by 0.5% in the second quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock valued at $2,034,000 after purchasing an additional 129 shares in the last quarter. RDA Financial Network boosted its stake in Citigroup by 3.4% during the second quarter. RDA Financial Network now owns 3,940 shares of the company’s stock worth $335,000 after buying an additional 130 shares in the last quarter. Finally, DMKC Advisory Services LLC boosted its stake in Citigroup by 0.7% during the second quarter. DMKC Advisory Services LLC now owns 19,838 shares of the company’s stock worth $1,847,000 after buying an additional 131 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Insiders Place Their Bets

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction dated 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 directly owned 2,140 shares of the company’s stock, valued at approximately $193,456. The trade was a 58.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

Citigroup Stock Up 0.3%

Shares of C opened at $98.02 on Tuesday. The company has a market capitalization of $180.45 billion, a P/E ratio of 14.48, a PEG ratio of 0.84 and a beta of 1.37. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59. The business’s 50 day simple moving average is $96.84 and its 200-day simple moving average is $83.23. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99.

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

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were issued a dividend of $0.60 per share. 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 2.4%. This is an increase from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s payout ratio is currently 35.45%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods restated a “buy” rating on shares of Citigroup in a research note on Wednesday, July 16th. Oppenheimer dropped their price target on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Truist Financial raised their price target on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research note on Saturday, September 27th. Finally, Wall Street Zen upgraded Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus target price 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.