D.B. Root & Company LLC Takes Position in Citigroup Inc. $C

Key Points

• D.B. Root & Company LLC has purchased 2,855 shares of Citigroup Inc. valued at approximately $203,000 during the first quarter, marking a continued interest from institutional investors.
• Citigroup recently reported earnings of $1.96 per share, exceeding expectations and reflecting an 8.2% year-over-year revenue growth to $21.67 billion.
• The company announced a dividend increase, with a new quarterly dividend of $0.60, reflecting a yield of 2.5%, up from the previous $0.56.

D.B. Root & Company LLC bought a new stake in Citigroup Inc. (NYSE:C - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,855 shares of the company's stock, valued at approximately $203,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in Citigroup in the 4th quarter valued at approximately $28,000. MorganRosel Wealth Management LLC acquired a new stake in Citigroup in the 1st quarter valued at approximately $28,000. American National Bank & Trust acquired a new stake in Citigroup in the 1st quarter valued at approximately $29,000. Accent Capital Management LLC increased its holdings in 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 during the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new stake in Citigroup in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Insiders Place Their Bets

In related news, Director Peter B. Henry sold 3,000 shares of the business's 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 directly owned 2,140 shares of the company's stock, valued at $193,456. The trade was a 58.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

C has been the subject of several research reports. Keefe, Bruyette & Woods restated a "buy" rating on shares of Citigroup in a research note on Wednesday, July 16th. The Goldman Sachs Group boosted their price target on shares of Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Oppenheimer boosted their price target on shares of Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Wells Fargo & Company boosted their price target on shares of Citigroup from $110.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, UBS Group restated a "neutral" rating and issued a $89.00 price target on shares of Citigroup in a research note on Tuesday, July 15th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $96.54.

Citigroup Stock Up 1.3%

Shares of Citigroup stock traded up $1.26 during trading on Wednesday, hitting $96.98. 11,139,493 shares of the stock were exchanged, compared to its average volume of 15,686,078. The stock has a market cap of $178.52 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 0.82 and a beta of 1.38. The firm's 50-day moving average price is $90.12 and its 200 day moving average price is $78.49. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $97.45. 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 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 business had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. During the same period in the previous year, the company earned $1.52 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, 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. Investors of record on Monday, August 4th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. This is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, August 4th. Citigroup's dividend payout ratio 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.