Citigroup Inc. $C Position Boosted by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its stake in Citigroup Inc. by 14.3%, acquiring an additional 4,000 shares, bringing their total holdings to 31,914 shares worth approximately $2.72 million.
• Citigroup recently reported a quarterly earnings per share (EPS) of $1.96, exceeding estimates, with revenue up 8.2% year-over-year to $21.67 billion.
• The company announced a quarterly dividend increase from $0.56 to $0.60 per share, resulting in an annualized dividend of $2.40 and a dividend yield of 2.3%.

Farther Finance Advisors LLC lifted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 14.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,914 shares of the company's stock after purchasing an additional 4,000 shares during the period. Farther Finance Advisors LLC's holdings in Citigroup were worth $2,717,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Silver Oak Securities Incorporated lifted its holdings in Citigroup by 29.4% in the second quarter. Silver Oak Securities Incorporated now owns 8,458 shares of the company's stock worth $720,000 after acquiring an additional 1,922 shares during the last quarter. CX Institutional lifted its holdings in Citigroup by 12.1% in the second quarter. CX Institutional now owns 15,331 shares of the company's stock worth $1,305,000 after acquiring an additional 1,651 shares during the last quarter. Shelton Wealth Management LLC lifted its holdings in Citigroup by 8.0% in the second quarter. Shelton Wealth Management LLC now owns 15,388 shares of the company's stock worth $1,310,000 after acquiring an additional 1,134 shares during the last quarter. My Legacy Advisors LLC lifted its holdings in Citigroup by 4.6% in the second quarter. My Legacy Advisors LLC now owns 10,416 shares of the company's stock worth $907,000 after acquiring an additional 460 shares during the last quarter. Finally, Lantz Financial LLC increased its stake in shares of Citigroup by 7.7% in the second quarter. Lantz Financial LLC now owns 3,114 shares of the company's stock valued at $265,000 after purchasing an additional 222 shares during the period. Institutional investors own 71.72% of the company's stock.

Insider Activity

In other news, Director Peter B. Henry sold 3,000 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the transaction, the director owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.08% of the company's stock.

Citigroup Stock Performance

NYSE:C opened at $102.64 on Monday. The firm's 50-day moving average is $95.12 and its 200-day moving average is $80.82. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $103.13. 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 market cap of $188.95 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 0.88 and a beta of 1.41.

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

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date 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%.

Wall Street Analysts Forecast Growth

C has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective on shares of Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Keefe, Bruyette & Woods reaffirmed a "buy" rating on shares of Citigroup in a research note on Wednesday, July 16th. Oppenheimer lifted 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. Finally, Barclays lifted their target price on shares of Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and an average price target of $97.68.

About Citigroup

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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