Consilium Wealth Advisory LLC Sells 9,260 Shares of Citigroup Inc. $C

Key Points

• Consilium Wealth Advisory LLC sold 9,260 shares of Citigroup, reducing its holdings by 36.9% and leaving it with 15,839 shares worth approximately $1.35 million.
• Several hedge funds increased their stakes in Citigroup, with notable purchases including a 166.9% increase by Brighton Jones LLC and a 109.0% increase by Oversea Chinese Banking Corp Ltd.
• Citigroup recently declared a quarterly dividend of $0.60 per share, representing a 2.5% yield, which is an increase from the previous $0.56 per share.

Consilium Wealth Advisory LLC decreased its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 36.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,839 shares of the company's stock after selling 9,260 shares during the quarter. Consilium Wealth Advisory LLC's holdings in Citigroup were worth $1,348,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Advisory Group LLC boosted its stake in Citigroup by 20.8% during the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company's stock valued at $4,940,000 after purchasing an additional 11,978 shares during the period. Brighton Jones LLC boosted its stake in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after purchasing an additional 12,499 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Citigroup by 109.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company's stock valued at $88,458,000 after purchasing an additional 649,807 shares during the period. Onyx Bridge Wealth Group LLC bought a new stake in Citigroup during the 1st quarter valued at approximately $214,000. Finally, Hayek Kallen Investment Management boosted its stake in Citigroup by 125.0% during the 1st quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company's stock valued at $1,103,000 after purchasing an additional 8,630 shares during the period. Institutional investors own 71.72% of the company's stock.

Analyst Ratings Changes

C has been the subject of several recent research reports. Piper Sandler upped their price target on Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Bank of America upped their price target on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. UBS Group reaffirmed a "neutral" rating and issued a $89.00 price target on shares of Citigroup in a report on Tuesday, July 15th. The Goldman Sachs Group upped their price target on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Oppenheimer cut their price target on Citigroup from $124.00 to $123.00 and set an "outperform" rating for the company in a report on Tuesday, September 23rd. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $99.68.

Insiders Place Their Bets

In related news, Director Peter B. Henry sold 3,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the sale, the director directly owned 2,140 shares of the company's stock, valued at $193,456. This trade represents a 58.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.

Citigroup Trading Up 0.2%

C stock opened at $97.58 on Friday. The business has a fifty day moving average price of $96.79 and a 200 day moving average price of $82.89. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The stock has a market capitalization of $179.64 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. During the same period last year, the firm posted $1.52 EPS. The business's revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. This is a positive change from Citigroup's previous quarterly dividend of $0.56. Citigroup's payout ratio is 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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