Tyler Stone Wealth Management Makes New $321,000 Investment in Citigroup Inc. $C

Key Points

• Tyler Stone Wealth Management acquired a new stake in Citigroup Inc. during Q1, purchasing 4,520 shares valued at approximately $321,000.
• Citigroup recently increased its quarterly dividend to $0.60 per share, up from the previous $0.56, reflecting a 2.6% yield for investors.
• The company has reported earnings of $1.96 per share for the latest quarter, surpassing analysts' expectations and posting an increase in revenue of 8.2% year-over-year.

Tyler Stone Wealth Management acquired a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,520 shares of the company's stock, valued at approximately $321,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in shares of Citigroup during the 4th quarter worth about $28,000. MorganRosel Wealth Management LLC bought a new stake in shares of Citigroup in the 1st quarter valued at approximately $28,000. Accent Capital Management LLC grew its position in Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company's stock worth $29,000 after acquiring an additional 212 shares during the last quarter. American National Bank & Trust bought a new stake in Citigroup during the 1st quarter worth approximately $29,000. Finally, Mascagni Wealth Management Inc. bought a new stake in Citigroup during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Stock Performance

C traded down $0.6350 on Thursday, hitting $92.5350. The company's stock had a trading volume of 9,713,512 shares, compared to its average volume of 15,722,505. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $96.90. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The firm has a market cap of $170.35 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 0.81 and a beta of 1.38. The company's 50 day simple moving average is $88.75 and its 200-day simple moving average is $78.11.

Citigroup (NYSE:C - Get Free Report) last released its earnings results 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 net margin of 8.44% and a return on equity of 7.29%. The company had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter last year, the firm earned $1.52 EPS. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be issued a dividend of $0.60 per share. This is an increase from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 4th. Citigroup's dividend payout ratio is currently 35.45%.

Insider Buying and Selling

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the transaction, the director directly owned 2,140 shares in the company, valued at $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on C. TD Cowen upped their price objective on Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a report on Wednesday, July 16th. UBS Group restated a "neutral" rating and issued a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Oppenheimer raised their price objective on shares of Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Wall Street Zen upgraded shares of Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Evercore ISI set a $77.00 price objective on shares of Citigroup in a research note on Monday, July 7th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $96.54.

Citigroup 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.