3,445 Shares in Citigroup Inc. $C Acquired by Boltwood Capital Management

Key Points

• Boltwood Capital Management has acquired 3,445 shares of Citigroup Inc., valued at approximately $293,000, during the second quarter.
• Several institutional investors have recently increased their stakes in Citigroup, with holdings now amounting to 71.72% of the company's stock.
• Citigroup announced a quarterly dividend of $0.60 per share, representing an annualized yield of 2.4% and an increase from the previous quarterly dividend of $0.56.

Boltwood Capital Management acquired a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,445 shares of the company's stock, valued at approximately $293,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Orion Capital Management LLC acquired a new stake in Citigroup during the fourth quarter worth $28,000. MorganRosel Wealth Management LLC acquired a new stake in Citigroup during the first quarter worth $28,000. Accent Capital Management LLC increased 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 acquiring an additional 212 shares during the last quarter. American National Bank & Trust acquired a new stake in Citigroup during the first quarter worth $29,000. Finally, Truvestments Capital LLC increased 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 acquiring an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Insider Buying and Selling

In related news, Director Peter B. Henry sold 3,000 shares of the business's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction 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 document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on C. UBS Group reissued a "neutral" rating and set a $89.00 target price on shares of Citigroup in a research note on Tuesday, July 15th. Piper Sandler raised their target price on Citigroup from $84.00 to $104.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods reissued a "buy" rating on shares of Citigroup in a research note on Wednesday, July 16th. Wells Fargo & Company boosted their price objective on Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Finally, Bank of America increased their target price on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and an average target price of $96.96.

Citigroup Trading Up 0.5%

C opened at $99.89 on Tuesday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $100.17. The stock has a market capitalization of $183.89 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 0.85 and a beta of 1.41. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. The business has a fifty day moving average price of $93.88 and a 200 day moving average price of $80.02.

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

Citigroup Increases Dividend

The business also recently announced 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 represents a $2.40 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, August 4th. This is a positive change from Citigroup's previous quarterly dividend of $0.56. Citigroup's payout ratio is presently 35.45%.

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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