Citigroup Inc. $C Shares Bought by EverSource Wealth Advisors LLC

Key Points

• EverSource Wealth Advisors LLC has increased its holdings in Citigroup Inc. by 64.0%, now owning a total of 8,787 shares valued at approximately $624,000.
• Citigroup has recently declared an increased quarterly dividend of $0.60 per share, up from $0.56, with an annualized yield of 2.6%.
• Analysts are optimistic about Citigroup, with several upgrades on target prices, leading to a consensus rating of "Moderate Buy" and an average target price of $96.54.

EverSource Wealth Advisors LLC raised its stake in Citigroup Inc. (NYSE:C - Free Report) by 64.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,787 shares of the company's stock after buying an additional 3,429 shares during the period. EverSource Wealth Advisors LLC's holdings in Citigroup were worth $624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its position in Citigroup by 2.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,561,690 shares of the company's stock valued at $2,714,359,000 after buying an additional 815,003 shares during the period. Northern Trust Corp lifted its position in shares of Citigroup by 13.9% in the 4th quarter. Northern Trust Corp now owns 20,232,550 shares of the company's stock worth $1,424,169,000 after purchasing an additional 2,467,958 shares during the period. Invesco Ltd. lifted its position in shares of Citigroup by 3.6% in the 1st quarter. Invesco Ltd. now owns 16,839,915 shares of the company's stock worth $1,195,466,000 after purchasing an additional 592,820 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Citigroup by 179.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company's stock worth $1,031,790,000 after purchasing an additional 9,334,038 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in shares of Citigroup by 0.3% in the 4th quarter. Nuveen Asset Management LLC now owns 13,454,775 shares of the company's stock worth $947,082,000 after purchasing an additional 46,646 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Citigroup from $110.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Morgan Stanley upped their price target on shares of Citigroup from $103.00 to $107.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Bank of America upped 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. TD Cowen upped their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a research report on Wednesday, July 16th. Finally, Truist Financial upped their price target on shares of Citigroup from $93.00 to $99.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $96.54.

Citigroup Stock Performance

Citigroup stock traded down $0.6350 during mid-day trading on Thursday, reaching $92.5350. 17,633,063 shares of the company traded hands, compared to its average volume of 15,728,550. 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 Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $96.90. The company has a market capitalization of $170.35 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 0.81 and a beta of 1.38. The firm's fifty day moving average is $88.75 and its two-hundred day moving average is $78.11.

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

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be paid a $0.60 dividend. The ex-dividend date is Monday, August 4th. This is an increase from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.6%. Citigroup's dividend payout ratio (DPR) is currently 35.45%.

Insider Buying and Selling at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the 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 sale, the director owned 2,140 shares in the company, valued at $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by insiders.

Citigroup Company 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.