2,443 Shares in Citigroup Inc. $C Bought by Alliance Wealth Advisors LLC

Key Points

• Alliance Wealth Advisors LLC acquired 2,443 shares of Citigroup Inc. valued at approximately $208,000 in the second quarter, increasing institutional ownership to 71.72%.
• Citigroup recently raised its quarterly dividend to $0.60 per share, up from $0.56, representing an annualized yield of 2.3%.
• Analysts are optimistic about Citigroup, with ten analysts rating it as a Buy and a target price averaging $99.68, following a positive earnings report that beat expectations.

Alliance Wealth Advisors LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,443 shares of the company's stock, valued at approximately $208,000.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after purchasing an additional 12,499 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in Citigroup by 3.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 20,872 shares of the company's stock worth $1,482,000 after buying an additional 615 shares during the period. American National Bank & Trust bought a new stake in shares of Citigroup in the 1st quarter worth approximately $29,000. Worth Asset Management LLC purchased a new stake in Citigroup in the first quarter worth $408,000. Finally, NBC Securities Inc. lifted its stake in Citigroup by 108,133.3% in the first quarter. NBC Securities Inc. now owns 3,247 shares of the company's stock worth $230,000 after acquiring an additional 3,244 shares during the period. Institutional investors own 71.72% of the company's stock.

Analysts Set New Price Targets

C has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Oppenheimer cut their price objective on Citigroup from $124.00 to $123.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 23rd. Keefe, Bruyette & Woods reissued a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. Truist Financial lifted their price target on Citigroup from $105.00 to $112.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. Finally, TD Cowen increased their price objective on Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a report on Wednesday, July 16th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $99.68.

Insider Activity 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 transaction of $271,200.00. Following the completion of the sale, the director owned 2,140 shares of the company's stock, valued at $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by insiders.

Citigroup Stock Down 0.3%

Shares of NYSE:C opened at $103.11 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The stock has a fifty day simple moving average of $96.52 and a two-hundred day simple moving average of $82.27. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59. The stock has a market capitalization of $189.82 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 0.89 and a beta of 1.41.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company's revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were paid a $0.60 dividend. This is a boost from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, August 4th. Citigroup's payout ratio is currently 35.45%.

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.

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