Pure Financial Advisors LLC Makes New Investment in Citigroup Inc. $C

Key Points

• Pure Financial Advisors LLC has acquired a new position in Citigroup Inc., purchasing 5,329 shares valued at approximately $454,000 during the second quarter.
• Citigroup recently reported earnings per share (EPS) of $1.96 for the last quarter, surpassing analysts' expectations by $0.35, and its quarterly revenue was up 8.2% year-over-year.
• The company announced an increase in its quarterly dividend to $0.60 per share, reflecting a positive change from the previous dividend and a yield of 2.5%.

Pure Financial Advisors LLC bought a new position in Citigroup Inc. (NYSE:C - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,329 shares of the company's stock, valued at approximately $454,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new position in Citigroup in the first quarter worth about $28,000. Accent Capital Management LLC boosted its position in Citigroup by 106.0% in 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 during the last quarter. Truvestments Capital LLC boosted its position in Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after purchasing an additional 246 shares during the last quarter. HHM Wealth Advisors LLC boosted its position in Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company's stock worth $37,000 after purchasing an additional 467 shares during the last quarter. Finally, WPG Advisers LLC purchased a new position in Citigroup in the first quarter worth about $38,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Up 0.2%

Shares of C opened at $97.58 on Friday. The business's 50 day moving average is $96.79 and its 200 day moving average is $82.89. The company has a market capitalization of $179.64 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $20.75 billion. During the same quarter last year, the company earned $1.52 EPS. The firm's quarterly revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company also recently disclosed 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 2.5%. 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 presently 35.45%.

Insider Transactions at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the sale, the director owned 2,140 shares of the company's stock, valued at $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on C shares. Evercore ISI set a $77.00 price objective on Citigroup in a research note on Monday, July 7th. Oppenheimer decreased their price objective on Citigroup from $124.00 to $123.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Citigroup in a research note on Saturday, September 27th. Barclays raised their price objective on Citigroup from $95.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company raised their price objective on Citigroup from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 16th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, 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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