Jupiter Wealth Management LLC Has $2.09 Million Stock Holdings in Citigroup Inc. $C

Key Points

• Jupiter Wealth Management LLC decreased its stock position in Citigroup Inc. by 36.2% during Q1, reducing its holdings to 27,500 shares, valued at approximately $2,094,000.
• Despite the decrease, 70% of Citigroup's stock is owned by institutional investors, indicating strong institutional interest in the company.
• Analysts have positive projections for Citigroup, with ten analysts rating it as a "Buy" and a forecasted average target price of $96.96 per share.

Jupiter Wealth Management LLC lessened its holdings in Citigroup Inc. (NYSE:C - Free Report) by 36.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,500 shares of the company's stock after selling 15,588 shares during the quarter. Citigroup accounts for about 1.3% of Jupiter Wealth Management LLC's holdings, making the stock its 18th biggest position. Jupiter Wealth Management LLC's holdings in Citigroup were worth $2,094,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of C. Private Advisory Group LLC lifted its holdings in Citigroup by 20.8% in the first quarter. Private Advisory Group LLC now owns 69,581 shares of the company's stock valued at $4,940,000 after acquiring an additional 11,978 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of Citigroup by 109.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company's stock valued at $88,458,000 after purchasing an additional 649,807 shares in the last quarter. Brighton Jones LLC lifted its stake in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after purchasing an additional 12,499 shares during the period. Onyx Bridge Wealth Group LLC purchased a new stake in Citigroup during the first quarter worth about $214,000. Finally, Pinnacle Financial Partners Inc grew its position in Citigroup by 495.1% during the first quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company's stock worth $1,317,000 after buying an additional 15,436 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

C has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price target on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Barclays boosted their target price on Citigroup from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Bank of America raised their price target on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Dbs Bank upgraded shares of Citigroup from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. Finally, Wells Fargo & Company increased their price objective on shares of Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and an average target price of $96.96.

Citigroup Stock Performance

Shares of NYSE:C traded up $0.69 on Friday, hitting $99.51. The company's stock had a trading volume of 9,502,253 shares, compared to its average volume of 12,405,087. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $99.70. The stock's 50-day moving average is $93.63 and its two-hundred day moving average is $79.86. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $183.19 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 0.85 and a beta of 1.41.

Citigroup (NYSE:C - Get Free Report) last announced its 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 firm had revenue of $21.67 billion during 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 was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 4th. This is a positive change from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 2.4%. Citigroup's dividend payout ratio is presently 35.45%.

Insiders Place Their Bets

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

About Citigroup

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.