Archford Capital Strategies LLC Invests $236,000 in Citigroup Inc. $C

Key Points

• Archford Capital Strategies LLC invested approximately $236,000 in Citigroup Inc., acquiring 2,775 shares in the 2nd quarter, according to a recent SEC filing.
• Recent insider activity includes Director Peter B. Henry selling 3,000 shares at an average price of $90.40, decreasing his ownership by 58.37%.
• Analysts have varied views on Citigroup's stock, with Barclays raising the price target to $100, while Zacks Research downgraded it from "strong-buy" to "hold".

Archford Capital Strategies LLC purchased a new position in Citigroup Inc. (NYSE:C - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,775 shares of the company's stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new position in shares of Citigroup during the 1st quarter worth approximately $28,000. American National Bank & Trust bought a new position in shares of Citigroup during the first quarter valued at $29,000. Accent Capital Management LLC boosted its stake in shares of Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after purchasing an additional 212 shares in the last quarter. Truvestments Capital LLC grew its holdings in shares of Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after purchasing an additional 246 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its position 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. Institutional investors own 71.72% of the company's stock.

Insider Buying and Selling

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Barclays upped their price objective on shares of Citigroup from $95.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods restated a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. UBS Group reiterated a "neutral" rating and issued a $89.00 price objective on shares of Citigroup in a research report on Tuesday, July 15th. Zacks Research cut Citigroup from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. Finally, Dbs Bank cut Citigroup from a "moderate buy" rating to a "hold" rating in a report on Monday, September 22nd. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Citigroup presently has an average rating of "Moderate Buy" and a consensus target price of $99.68.

Citigroup Price Performance

Shares of C stock opened at $103.11 on Tuesday. The firm has a market capitalization of $189.82 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 0.89 and a beta of 1.41. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The firm has a fifty day moving average of $96.52 and a 200-day moving average of $82.27.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. The company had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current 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 given a $0.60 dividend. This is an increase from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup's dividend payout ratio (DPR) 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.

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C - Free Report).

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.