Gitterman Wealth Management LLC Takes Position in Citigroup Inc. $C

Key Points

• Gitterman Wealth Management LLC acquired 2,869 shares of Citigroup Inc., valued at approximately $204,000, during the first quarter of the year.
• Citi recently reported $1.96 earnings per share for the latest quarter, exceeding analyst expectations and marking an increase from last year.
• The company announced a quarterly dividend of $0.60 per share, up from the previous dividend of $0.56, reflecting a 2.6% dividend yield.

Gitterman Wealth Management LLC acquired a new stake in Citigroup Inc. (NYSE:C - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,869 shares of the company's stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new position in Citigroup during the 4th quarter valued at about $28,000. MorganRosel Wealth Management LLC purchased a new position in shares of Citigroup during the first quarter worth about $28,000. American National Bank & Trust purchased a new position in shares of Citigroup during the first quarter worth about $29,000. Accent Capital Management LLC grew its holdings in shares of Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company's stock worth $29,000 after purchasing an additional 212 shares in the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of Citigroup during the fourth quarter worth about $34,000. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on C shares. Morgan Stanley boosted their price objective on Citigroup from $103.00 to $107.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Oppenheimer boosted their price objective on Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Evercore ISI set a $77.00 price objective on Citigroup in a report on Monday, July 7th. Bank of America boosted their price objective on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Finally, Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $96.54.

Insider Buying and Selling at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction that occurred 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 owned 2,140 shares of the company's stock, valued at approximately $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.08% of the company's stock.

Citigroup Stock Down 0.7%

Shares of C opened at $92.5350 on Friday. The firm has a market cap of $170.35 billion, a P/E ratio of 13.67, a P/E/G ratio of 0.80 and a beta of 1.38. The stock has a 50 day simple moving average of $89.04 and a two-hundred day simple moving average of $78.20. 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 1 year low of $55.51 and a 1 year high of $96.90.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The business's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Monday, August 4th. Citigroup's payout ratio is currently 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.

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