Focused Wealth Management Inc Purchases 4,555 Shares of Citigroup Inc. $C

Key Points

• Focused Wealth Management Inc increased its stake in Citigroup by 9.9% during Q2, acquiring an additional 4,555 shares, bringing its total holdings to 50,495 shares worth approximately $4.3 million.
• A notable insider, Director Peter B. Henry, sold 3,000 shares at $90.40 each, reducing his position by 58.37% to 2,140 shares.
• Citigroup recently raised its quarterly dividend from $0.56 to $0.60 per share, reflecting a positive change and an annualized yield of 2.3%.

Focused Wealth Management Inc raised its position in Citigroup Inc. (NYSE:C - Free Report) by 9.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 50,495 shares of the company's stock after acquiring an additional 4,555 shares during the period. Focused Wealth Management Inc's holdings in Citigroup were worth $4,298,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of C. Fortitude Family Office LLC lifted its holdings in shares of Citigroup by 201.4% in the 2nd quarter. Fortitude Family Office LLC now owns 3,704 shares of the company's stock worth $315,000 after purchasing an additional 2,475 shares in the last quarter. CHICAGO TRUST Co NA lifted its position in shares of Citigroup by 10.9% during the second quarter. CHICAGO TRUST Co NA now owns 32,575 shares of the company's stock valued at $2,773,000 after purchasing an additional 3,208 shares in the last quarter. Opal Wealth Advisors LLC grew its position in Citigroup by 8.9% in the 2nd quarter. Opal Wealth Advisors LLC now owns 7,201 shares of the company's stock worth $613,000 after purchasing an additional 591 shares in the last quarter. Golden State Equity Partners increased its stake in Citigroup by 0.6% in the 2nd quarter. Golden State Equity Partners now owns 21,634 shares of the company's stock valued at $1,842,000 after buying an additional 122 shares during the last quarter. Finally, Oliver Luxxe Assets LLC lifted its position in shares of Citigroup by 2.0% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 116,464 shares of the company's stock worth $9,913,000 after buying an additional 2,265 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the transaction, the director owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Wells Fargo & Company upped their price objective on Citigroup from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Tuesday, September 16th. Piper Sandler lifted their target price on Citigroup from $84.00 to $104.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Evercore ISI set a $77.00 price target on shares of Citigroup in a report on Monday, July 7th. Finally, Bank of America raised their price objective on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $97.68.

Citigroup Price Performance

C opened at $103.56 on Tuesday. The firm has a 50-day moving average price of $95.45 and a 200-day moving average price of $81.05. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $103.81. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $190.64 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.88 and a beta of 1.41.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 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 during the quarter, compared to the consensus estimate of $20.75 billion. During the same period last year, the firm earned $1.52 EPS. Citigroup's revenue for the quarter was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis 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 dividend payout ratio is presently 35.45%.

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.

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