Jackson Thornton Wealth Management LLC Purchases New Holdings in Citigroup Inc. $C

Key Points

• Jackson Thornton Wealth Management LLC has acquired a new stake of 2,812 shares in Citigroup Inc. valued at approximately $241,000 during the second quarter.
• Citigroup reported an EPS of $1.86 for the recent quarter, which was below analysts' expectations, while its revenue was up 9.3% year-over-year.
• The company announced a quarterly dividend of $0.60 per share, with a yield of 2.4%, scheduled to be paid on November 26th.

Jackson Thornton Wealth Management LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,812 shares of the company's stock, valued at approximately $241,000.

Other hedge funds also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new stake in Citigroup in the 1st quarter valued at about $28,000. Accent Capital Management LLC boosted its position 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 buying an additional 212 shares during the period. Truvestments Capital LLC boosted its position in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company's stock valued at $31,000 after buying an additional 246 shares during the period. DHJJ Financial Advisors Ltd. boosted its position in Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company's stock valued at $35,000 after buying an additional 253 shares during the period. Finally, HHM Wealth Advisors LLC boosted its position in Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company's stock valued at $37,000 after buying an additional 467 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup Price Performance

Shares of C opened at $99.18 on Tuesday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The company has a 50 day moving average price of $97.72 and a 200-day moving average price of $85.15. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $182.58 billion, a PE ratio of 13.93, a PEG ratio of 0.82 and a beta of 1.37.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, October 14th. The company reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $1.89 by ($0.03). Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm had revenue of $22.09 billion for the quarter, compared to analysts' expectations of $20.92 billion. During the same period in the previous year, the company earned $1.51 EPS. The company's revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Equities analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. Citigroup's dividend payout ratio is presently 33.71%.

Wall Street Analyst Weigh In

Several research firms have issued reports on C. Evercore ISI set a $77.00 price objective on shares of Citigroup in a research report on Monday, July 7th. Barclays boosted their price objective on shares of Citigroup from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, October 15th. Morgan Stanley boosted their price objective on shares of Citigroup from $129.00 to $134.00 and gave the company an "overweight" rating in a research report on Wednesday, October 15th. Wells Fargo & Company boosted their price objective on shares of Citigroup from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Tuesday, September 16th. Finally, Zacks Research cut shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Citigroup has an average rating of "Moderate Buy" and a consensus price target of $107.63.

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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