Total Wealth Planning & Management Inc. Decreases Position in Citigroup Inc. $C

Key Points

• Total Wealth Planning & Management Inc. has reduced its stake in Citigroup Inc. by 35.2%, holding 4,900 shares worth approximately $417,000 after selling 2,664 shares in the second quarter.
• Several research analysts have recently upgraded their ratings on Citigroup, with Morgan Stanley increasing the price target to $129.00 and eleven analysts now rating the stock as a "Buy."
• Citigroup has announced a quarterly dividend of $0.60 per share, reflecting an increase from the previous dividend, contributing to a 2.5% yield for shareholders.

Total Wealth Planning & Management Inc. cut its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 35.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,900 shares of the company's stock after selling 2,664 shares during the period. Total Wealth Planning & Management Inc.'s holdings in Citigroup were worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in C. MorganRosel Wealth Management LLC purchased a new stake in shares of Citigroup in the first quarter worth approximately $28,000. Accent Capital Management LLC raised its holdings in shares of 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 buying an additional 212 shares during the period. Truvestments Capital LLC raised its holdings in shares of Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after buying an additional 246 shares during the period. DHJJ Financial Advisors Ltd. raised its holdings in shares of Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company's stock worth $35,000 after buying an additional 253 shares during the period. Finally, HHM Wealth Advisors LLC raised its holdings in shares of 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 buying an additional 467 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Morgan Stanley increased their price objective on Citigroup from $107.00 to $129.00 and gave the stock an "overweight" rating in a research note on Monday, September 29th. Bank of America increased their price objective on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. UBS Group reissued a "neutral" rating and issued a $89.00 price objective on shares of Citigroup in a research note on Tuesday, July 15th. Zacks Research cut Citigroup from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 15th. Finally, Piper Sandler increased their price objective on Citigroup from $84.00 to $104.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.68.

Citigroup Stock Performance

Shares of C opened at $95.85 on Friday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The stock has a fifty day moving average price of $96.96 and a 200-day moving average price of $83.58. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The firm has a market cap of $176.45 billion, a PE ratio of 14.16, a P/E/G ratio of 0.84 and a beta of 1.37.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 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 firm had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the prior year, the business posted $1.52 EPS. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

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

Insider Activity at Citigroup

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

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.

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