Citigroup Inc. $C Shares Bought by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Citigroup Inc. by 2.3%, owning 380,856 shares valued at approximately $33.79 million as of the last quarter.
• Citigroup reported a Q2 earnings per share (EPS) of $1.96, surpassing analyst expectations of $1.61, with revenues up 8.2% year-over-year.
• The company declared a quarterly dividend of $0.60 per share, up from $0.56, representing an annualized dividend yield of 2.3%.

Wealth Enhancement Advisory Services LLC increased its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 380,856 shares of the company's stock after buying an additional 8,562 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Citigroup were worth $33,790,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in C. Orion Capital Management LLC purchased a new stake in Citigroup during the 4th quarter worth $28,000. MorganRosel Wealth Management LLC bought a new stake in shares of Citigroup in the 1st quarter worth about $28,000. American National Bank & Trust bought a new stake in shares of Citigroup in the 1st quarter worth about $29,000. Accent Capital Management LLC increased its position in shares of Citigroup by 106.0% in the 1st 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. Finally, Truvestments Capital LLC increased its position in shares of Citigroup by 131.6% in the 1st 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. Hedge funds and other institutional investors own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

C has been the subject of several research analyst reports. UBS Group reissued a "neutral" rating and issued a $89.00 target price on shares of Citigroup in a research report on Tuesday, July 15th. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Morgan Stanley boosted their target price on shares of Citigroup from $103.00 to $107.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Barclays boosted their price objective on shares of Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Citigroup from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Tuesday, September 16th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $97.68.

Insider Buying and Selling at Citigroup

In other 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 sale, the director directly owned 2,140 shares of the company's stock, valued at approximately $193,456. This represents a 58.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.08% of the company's stock.

Citigroup Stock Performance

Citigroup stock traded up $1.83 during midday trading on Tuesday, reaching $105.32. 4,000,817 shares of the stock traded hands, compared to its average volume of 15,416,881. 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 fifty day moving average price of $95.45 and a two-hundred day moving average price of $81.05. The firm has a market cap of $193.88 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 0.88 and a beta of 1.41. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.51.

Citigroup (NYSE:C - Get Free Report) last posted its 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. The firm had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. Citigroup's revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio (DPR) is currently 35.45%.

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.