Alta Wealth Advisors LLC Has $392,000 Stock Position in Citigroup Inc. $C

Alta Wealth Advisors LLC lessened its stake in Citigroup Inc. (NYSE:C) by 17.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,603 shares of the company’s stock after selling 978 shares during the quarter. Alta Wealth Advisors LLC’s holdings in Citigroup were worth $392,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Iron Horse Wealth Management LLC raised its stake in Citigroup by 1,875.0% in the second quarter. Iron Horse Wealth Management LLC now owns 1,580 shares of the company’s stock valued at $134,000 after purchasing an additional 1,500 shares in the last quarter. Kickstand Ventures LLC. acquired a new position in Citigroup in the second quarter valued at about $285,000. Simplicity Wealth LLC raised its stake in Citigroup by 185.9% in the second quarter. Simplicity Wealth LLC now owns 9,260 shares of the company’s stock valued at $788,000 after purchasing an additional 6,021 shares in the last quarter. Olistico Wealth LLC raised its stake in Citigroup by 938.8% in the second quarter. Olistico Wealth LLC now owns 2,545 shares of the company’s stock valued at $217,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Highland Capital Management LLC raised its stake in Citigroup by 0.3% in the second quarter. Highland Capital Management LLC now owns 206,529 shares of the company’s stock valued at $17,580,000 after purchasing an additional 710 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays boosted their price target on Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Citigroup in a research note on Wednesday, July 16th. The Goldman Sachs Group boosted their price target on Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Oppenheimer dropped their price target on Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Finally, Dbs Bank downgraded Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $99.68.

Citigroup Stock Up 0.2%

Shares of NYSE C opened at $97.58 on Friday. 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 company has a market cap of $179.64 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 0.84 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 stock has a 50-day moving average price of $96.79 and a two-hundred day moving average price of $82.97.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.61 by $0.35. The firm 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%.The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company also recently declared 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. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. This is an increase from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date was Monday, August 4th. Citigroup’s dividend payout ratio (DPR) is presently 35.45%.

Insider Buying and Selling at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director directly owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

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.