7,368 Shares in Citigroup Inc. $C Purchased by WealthPlan Investment Management LLC

Key Points

• WealthPlan Investment Management LLC acquired 7,368 shares of Citigroup Inc., valued at approximately $627,000, marking a new investment position in the company.
• Citigroup recently announced a quarterly dividend of $0.60, with a 2.5% yield, set to be paid on November 26th to shareholders of record on November 3rd.
• Despite reporting a miss in EPS estimates for the quarter, Citigroup experienced a revenue of $22.09 billion, surpassing analyst expectations.

WealthPlan Investment Management LLC acquired a new position in Citigroup Inc. (NYSE:C - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,368 shares of the company's stock, valued at approximately $627,000.

Other hedge funds have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new stake in Citigroup in the 1st quarter worth about $28,000. Accent Capital Management LLC raised its stake in shares of Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company's stock worth $29,000 after purchasing an additional 212 shares in the last quarter. Truvestments Capital LLC raised its stake in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after purchasing an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. raised its stake in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company's stock worth $35,000 after purchasing an additional 253 shares in the last quarter. Finally, HHM Wealth Advisors LLC raised its stake in shares of Citigroup by 805.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company's stock worth $37,000 after purchasing an additional 467 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Dbs Bank downgraded Citigroup from a "moderate buy" rating to a "hold" rating in a research note on Monday, September 22nd. Bank of America raised their price target on Citigroup from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday. Oppenheimer cut their price target on Citigroup from $124.00 to $123.00 and set an "outperform" rating for the company in a research note on Tuesday, September 23rd. Keefe, Bruyette & Woods reaffirmed a "buy" rating on shares of Citigroup in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company raised their price target on Citigroup from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 16th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and a consensus price target of $105.90.

Citigroup Stock Performance

Shares of NYSE C opened at $96.20 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $177.09 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 0.87 and a beta of 1.37. The business's 50-day simple moving average is $97.50 and its 200-day simple moving average is $84.44. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.89 by ($0.03). The business had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Citigroup's dividend payout ratio (DPR) is 33.71%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.