Kingswood Wealth Advisors LLC Has $920,000 Holdings in Citigroup Inc. $C

Key Points

• Kingswood Wealth Advisors LLC reduced its stake in Citigroup Inc. by 52.4% in Q2, now holding shares valued at $920,000.
• Several large investors, including Joel Isaacson & Co. LLC and Tyche Wealth Partners LLC, increased their holdings in Citigroup during the same period.
• Citigroup reported a quarterly earnings per share of $1.96, exceeding analysts' expectations, with a revenue increase of 8.2% year-over-year.

Kingswood Wealth Advisors LLC lessened its stake in Citigroup Inc. (NYSE:C - Free Report) by 52.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,813 shares of the company's stock after selling 11,919 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Citigroup were worth $920,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Joel Isaacson & Co. LLC boosted its holdings in shares of Citigroup by 7.7% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 5,947 shares of the company's stock valued at $506,000 after buying an additional 426 shares during the last quarter. Tyche Wealth Partners LLC boosted its holdings in shares of Citigroup by 33.4% in the 2nd quarter. Tyche Wealth Partners LLC now owns 7,947 shares of the company's stock valued at $676,000 after buying an additional 1,989 shares during the last quarter. KLP Kapitalforvaltning AS boosted its holdings in shares of Citigroup by 3.3% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 894,941 shares of the company's stock valued at $76,177,000 after buying an additional 28,400 shares during the last quarter. Avantra Family Wealth Inc. lifted its holdings in Citigroup by 7.6% during the 2nd quarter. Avantra Family Wealth Inc. now owns 21,773 shares of the company's stock valued at $1,853,000 after purchasing an additional 1,529 shares during the last quarter. Finally, Bingham Private Wealth LLC boosted its position in Citigroup by 3.8% during the second quarter. Bingham Private Wealth LLC now owns 7,943 shares of the company's stock worth $676,000 after purchasing an additional 288 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Transactions at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup 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 transaction, the director owned 2,140 shares in the company, valued at $193,456. The trade was a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Stock Down 1.2%

Shares of NYSE C opened at $96.67 on Thursday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $105.59. The stock has a market capitalization of $177.96 billion, a P/E ratio of 14.28, a PEG ratio of 0.85 and a beta of 1.37. The stock's fifty day moving average is $96.92 and its 200 day moving average is $83.43.

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

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were given a $0.60 dividend. This is a boost from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, August 4th. Citigroup's dividend payout ratio (DPR) is presently 35.45%.

Analyst Ratings Changes

C has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. Wells Fargo & Company lifted their price objective on shares of Citigroup from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 16th. Oppenheimer decreased their price objective on Citigroup from $124.00 to $123.00 and set an "outperform" rating on the stock in a report on Tuesday, September 23rd. Truist Financial lifted their target price on Citigroup from $105.00 to $112.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Finally, TD Cowen lifted their target price on Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a report on Wednesday, July 16th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, Citigroup currently has a consensus rating of "Moderate Buy" and an average price target of $99.68.

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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