2,683 Shares in Citigroup Inc. $C Purchased by Arcataur Capital Management LLC

Key Points

• Arcataur Capital Management LLC acquired a new stake in Citigroup Inc. by purchasing 2,683 shares valued at approximately $228,000 during the second quarter.
• Citigroup reported a quarterly earnings per share (EPS) of $1.96, exceeding analysts' expectations of $1.61, with revenues of $21.67 billion, up 8.2% from the previous year.
• The company announced a quarterly dividend increase to $0.60 per share, up from $0.56, representing an annualized yield of 2.5% and a dividend payout ratio of 35.45%.

Arcataur Capital Management LLC acquired a new stake in Citigroup Inc. (NYSE:C - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,683 shares of the company's stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also made changes to their positions in C. Sax Wealth Advisors LLC purchased a new stake in shares of Citigroup in the second quarter valued at approximately $242,000. Venturi Wealth Management LLC boosted its stake in Citigroup by 20.8% during the second quarter. Venturi Wealth Management LLC now owns 15,403 shares of the company's stock worth $1,311,000 after buying an additional 2,655 shares during the last quarter. BankPlus Trust Department grew its holdings in Citigroup by 657.1% in the 2nd quarter. BankPlus Trust Department now owns 6,776 shares of the company's stock valued at $577,000 after buying an additional 5,881 shares in the last quarter. Joel Isaacson & Co. LLC increased its stake in shares of Citigroup by 7.7% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 5,947 shares of the company's stock worth $506,000 after acquiring an additional 426 shares during the last quarter. Finally, Tyche Wealth Partners LLC raised its holdings in shares of Citigroup by 33.4% during the 2nd quarter. Tyche Wealth Partners LLC now owns 7,947 shares of the company's stock worth $676,000 after acquiring an additional 1,989 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Performance

NYSE:C opened at $97.70 on Wednesday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50 day moving average price of $96.90 and a 200 day moving average price of $83.34. The stock has a market capitalization of $179.86 billion, a P/E ratio of 14.43, a PEG ratio of 0.84 and a beta of 1.37.

Citigroup (NYSE:C - Get Free Report) last announced 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 return on equity of 7.29% and a net margin of 8.44%.The company had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the previous year, the company earned $1.52 earnings per share. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on C shares. Wells Fargo & Company upped their price objective on shares of Citigroup from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, September 16th. Zacks Research lowered shares of Citigroup from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. 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 report on Wednesday, September 24th. Weiss Ratings reiterated a "buy (b)" rating on shares of Citigroup in a report on Saturday, September 27th. Finally, Dbs Bank cut Citigroup from a "moderate buy" rating to a "hold" rating in a research note on Monday, September 22nd. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $99.68.

Insider Buying and Selling

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup 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 completion of the transaction, the director directly owned 2,140 shares of the company's stock, valued at $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.08% of the stock is owned by company insiders.

Citigroup 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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