Citigroup Inc. $C Shares Bought by Kathmere Capital Management LLC

Key Points

• Kathmere Capital Management LLC increased its stake in Citigroup Inc. by 68.7% in the second quarter, bringing its total holdings to 20,246 shares worth approximately $1.7 million.
• Citigroup recently reported an EPS of $1.96 for the quarter, exceeding analysts' expectations, alongside a revenue of $21.67 billion, which reflects an 8.2% year-over-year increase.
• The company declared a quarterly dividend of $0.60 per share, up from $0.56, indicating a positive change with an annualized yield of 2.3%.

Kathmere Capital Management LLC grew its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 68.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,246 shares of the company's stock after acquiring an additional 8,248 shares during the period. Kathmere Capital Management LLC's holdings in Citigroup were worth $1,723,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Secure Asset Management LLC lifted its position in shares of Citigroup by 3.7% in the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company's stock worth $280,000 after buying an additional 118 shares during the last quarter. Golden State Equity Partners lifted its position in shares of Citigroup by 0.6% in the 2nd quarter. Golden State Equity Partners now owns 21,634 shares of the company's stock worth $1,842,000 after buying an additional 122 shares during the last quarter. Wedmont Private Capital lifted its position in shares of Citigroup by 0.5% in the 2nd quarter. Wedmont Private Capital now owns 23,706 shares of the company's stock worth $2,034,000 after buying an additional 129 shares during the last quarter. RDA Financial Network lifted its position in shares of Citigroup by 3.4% in the 2nd quarter. RDA Financial Network now owns 3,940 shares of the company's stock worth $335,000 after buying an additional 130 shares during the last quarter. Finally, Solitude Financial Services lifted its position in shares of Citigroup by 0.9% in the 1st quarter. Solitude Financial Services now owns 16,496 shares of the company's stock worth $1,171,000 after buying an additional 140 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Citigroup

In other Citigroup 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 sale, the director directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

C has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price target on shares of Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Bank of America raised their price target on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Dbs Bank downgraded shares of Citigroup from a "moderate buy" rating to a "hold" rating in a research report on Monday, September 22nd. Keefe, Bruyette & Woods reiterated a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. Finally, 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. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Citigroup presently has a consensus rating of "Moderate Buy" and a consensus price target of $98.11.

Citigroup Stock Up 1.3%

C stock opened at $103.41 on Friday. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59. The company has a market capitalization of $190.37 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 0.88 and a beta of 1.41. The firm's 50-day moving average is $96.30 and its two-hundred day moving average is $81.83. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61.

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 analysts' consensus estimates 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 period in the previous year, the firm earned $1.52 EPS. Citigroup's revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were given a dividend of $0.60 per share. This is a positive change from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.3%. Citigroup's payout ratio is presently 35.45%.

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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