Vanguard Capital Wealth Advisors Purchases 398 Shares of Citigroup Inc. $C

Vanguard Capital Wealth Advisors lifted its position in Citigroup Inc. (NYSE:C) by 14.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,230 shares of the company’s stock after buying an additional 398 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Citigroup were worth $275,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in shares of Citigroup by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after buying an additional 2,539,769 shares in the last quarter. Northern Trust Corp boosted its stake in Citigroup by 1.0% in the 1st quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock worth $1,450,153,000 after purchasing an additional 195,013 shares during the period. Invesco Ltd. boosted its stake in Citigroup by 3.6% in the 1st quarter. Invesco Ltd. now owns 16,839,915 shares of the company’s stock worth $1,195,466,000 after purchasing an additional 592,820 shares during the period. Goldman Sachs Group Inc. boosted its stake in Citigroup by 179.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after purchasing an additional 9,334,038 shares during the period. Finally, Amundi boosted its stake in Citigroup by 78.4% in the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after purchasing an additional 6,026,268 shares during the period. Institutional investors own 71.72% of the company’s stock.

Insider Transactions at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The sale 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.

Wall Street Analyst Weigh In

C has been the subject of a number of research analyst reports. Oppenheimer upped their target price on shares of Citigroup from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Piper Sandler upped their target price on shares of Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. The Goldman Sachs Group upped their target price on shares of Citigroup from $85.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. TD Cowen upped their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Wednesday, July 16th. Finally, Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.68.

Citigroup Trading Up 0.2%

Citigroup stock opened at $102.64 on Friday. The firm has a 50-day moving average of $95.12 and a 200-day moving average of $80.75. Citigroup Inc. has a one year low of $55.51 and a one year high of $103.13. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $188.95 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 0.88 and a beta of 1.41.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $20.75 billion. During the same period in the prior year, the business posted $1.52 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

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

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.