WealthTrust Axiom LLC Makes New $205,000 Investment in Citigroup Inc. $C

Key Points

• WealthTrust Axiom LLC has made a new investment of approximately $205,000 in Citigroup, acquiring 2,891 shares during the first quarter.
• Citigroup recently reported $1.96 earnings per share, exceeding the consensus estimate of $1.61, and had revenue of $21.67 billion for the quarter.
• Bank of America raised its target price for Citigroup from $89.00 to $100.00, indicating a positive outlook with ten analysts rating the stock as a Buy.

WealthTrust Axiom LLC acquired a new position in shares of Citigroup Inc. (NYSE:C - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 2,891 shares of the company's stock, valued at approximately $205,000.

Other hedge funds also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in Citigroup during the 4th quarter worth approximately $28,000. MorganRosel Wealth Management LLC purchased a new position in shares of Citigroup during the 1st quarter worth approximately $28,000. Accent Capital Management LLC raised its stake in shares of 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 buying an additional 212 shares in the last quarter. American National Bank & Trust purchased a new position in shares of Citigroup during the 1st quarter worth approximately $29,000. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of Citigroup during the 4th quarter worth approximately $34,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Citigroup 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 transaction of $271,200.00. Following the completion of the transaction, the director owned 2,140 shares of the company's stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company's stock.

Citigroup Stock Performance

NYSE C opened at $95.00 on Tuesday. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $96.90. The company has a market capitalization of $174.89 billion, a P/E ratio of 14.03, a PEG ratio of 0.82 and a beta of 1.38. The business has a 50 day moving average price of $89.76 and a 200 day moving average price of $78.37. 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 (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.35. The company had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.Citigroup's revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were given a dividend of $0.60 per share. 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. This represents a $2.40 annualized dividend and a yield of 2.5%. Citigroup's dividend payout ratio (DPR) is 35.45%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on C shares. Bank of America increased their target price on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Dbs Bank raised Citigroup from a "hold" rating to a "moderate buy" rating in a research note on Thursday, July 17th. Evercore ISI set a $77.00 target price on Citigroup in a research note on Monday, July 7th. Piper Sandler increased their target price on Citigroup from $84.00 to $104.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, Truist Financial increased their target price on Citigroup from $93.00 to $99.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.

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