Philip James Wealth Mangement LLC Sells 3,456 Shares of Citigroup Inc. $C

Key Points

• Philip James Wealth Management LLC has reduced its stake in Citigroup Inc. by 34.1%, selling 3,456 shares during the second quarter and now holds 6,678 shares valued at $568,000.
• Director Peter B. Henry sold 3,000 shares at an average price of $90.40, reducing his holdings by 58.37%.
• Citigroup recently declared a quarterly dividend of $0.60, an increase from the previous $0.56, representing an annualized dividend yield of 2.4%.

Philip James Wealth Mangement LLC lowered its stake in Citigroup Inc. (NYSE:C - Free Report) by 34.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,678 shares of the company's stock after selling 3,456 shares during the quarter. Philip James Wealth Mangement LLC's holdings in Citigroup were worth $568,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. MorganRosel Wealth Management LLC purchased a new position in shares of Citigroup in the first quarter worth approximately $28,000. Accent Capital Management LLC increased its holdings 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 acquiring an additional 212 shares during the last quarter. Truvestments Capital LLC increased its stake in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after acquiring an additional 246 shares during the last quarter. HHM Wealth Advisors LLC grew its stake in shares of Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company's stock worth $37,000 after buying an additional 467 shares in the last quarter. Finally, WPG Advisers LLC bought a new position in shares of Citigroup in the 1st quarter valued at about $38,000. Institutional investors own 71.72% of the company's stock.

Insider Transactions at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the company's 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 sale, the director directly owned 2,140 shares in the company, valued at $193,456. This represents a 58.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on C. The Goldman Sachs Group upped their target price on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Morgan Stanley increased their target price on shares of Citigroup from $107.00 to $129.00 and gave the company an "overweight" rating in a research report on Monday. Keefe, Bruyette & Woods reaffirmed a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. UBS Group reaffirmed a "neutral" rating and issued a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $99.68.

Citigroup Trading Down 2.7%

Shares of C stock opened at $98.72 on Thursday. The business's fifty day moving average price is $96.72 and its 200 day moving average price is $82.52. The firm has a market capitalization of $181.74 billion, a PE ratio of 14.58, a P/E/G ratio of 0.87 and a beta of 1.37. 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 $105.59.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly 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. 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. The company's revenue for the quarter was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. 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. Citigroup's dividend payout ratio is 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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