Ashton Thomas Private Wealth LLC Increases Stake in Citigroup Inc. $C

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in Citigroup Inc. by 66.5% during the first quarter, owning 88,608 shares valued at $6.29 million.
• Citigroup recently raised its quarterly dividend to $0.60 per share, marking an increase from the previous $0.56, which translates to an annualized dividend of $2.40.
• Analysts have predominantly rated Citigroup with a "Moderate Buy," with 10 rating it a Buy and a consensus price target of $96.96.

Ashton Thomas Private Wealth LLC boosted its stake in Citigroup Inc. (NYSE:C - Free Report) by 66.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 88,608 shares of the company's stock after purchasing an additional 35,402 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Citigroup were worth $6,290,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of C. Brighton Jones LLC raised its position in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after buying an additional 12,499 shares during the period. CoreCap Advisors LLC increased its stake in Citigroup by 76.5% during the fourth quarter. CoreCap Advisors LLC now owns 5,560 shares of the company's stock worth $391,000 after acquiring an additional 2,410 shares during the last quarter. Fiduciary Trust Co increased its stake in Citigroup by 32.1% during the fourth quarter. Fiduciary Trust Co now owns 14,923 shares of the company's stock worth $1,050,000 after acquiring an additional 3,628 shares during the last quarter. Ellevest Inc. purchased a new position in shares of Citigroup in the 4th quarter worth about $273,000. Finally, Focus Partners Wealth lifted its stake in shares of Citigroup by 301.3% in the 4th quarter. Focus Partners Wealth now owns 285,860 shares of the company's stock valued at $20,545,000 after purchasing an additional 214,623 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on C shares. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Oppenheimer raised their target price on shares of Citigroup from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Barclays raised their price objective on Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. UBS Group reaffirmed a "neutral" rating and issued a $89.00 target price on shares of Citigroup in a research report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods reiterated a "buy" rating on shares of Citigroup in a research note on Wednesday, July 16th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Citigroup has an average rating of "Moderate Buy" and a consensus price target of $96.96.

Citigroup Stock Down 1.7%

Shares of Citigroup stock opened at $95.44 on Monday. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $97.98. The company has a market capitalization of $175.69 billion, a PE ratio of 14.10, a P/E/G ratio of 0.82 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 50-day moving average of $92.56 and a 200-day moving average of $79.22.

Citigroup (NYSE:C - Get Free Report) last released its quarterly 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 business had revenue of $21.67 billion for the quarter, compared to analysts' expectations of $20.75 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. The company's revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

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

Insider Buying and Selling at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the sale, the director owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.08% of the company's stock.

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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