Signaturefd LLC Sells 2,508 Shares of Citigroup Inc. $C

Signaturefd LLC reduced its stake in shares of Citigroup Inc. (NYSE:C) by 10.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,229 shares of the company’s stock after selling 2,508 shares during the period. Signaturefd LLC’s holdings in Citigroup were worth $1,807,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Patton Fund Management Inc. bought a new stake in Citigroup during the second quarter valued at $274,000. Kathmere Capital Management LLC lifted its position in Citigroup by 68.7% in the second quarter. Kathmere Capital Management LLC now owns 20,246 shares of the company’s stock valued at $1,723,000 after purchasing an additional 8,248 shares during the last quarter. FCG Investment Co bought a new position in shares of Citigroup during the second quarter valued at about $525,000. Falcon Wealth Planning bought a new position in shares of Citigroup during the second quarter valued at about $230,000. Finally, Novem Group bought a new position in Citigroup during the 2nd quarter valued at approximately $291,000. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Up 1.3%

Citigroup stock opened at $103.41 on Friday. The firm has a market cap of $190.37 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 0.89 and a beta of 1.41. The stock has a fifty day simple moving average of $96.30 and a two-hundred day simple moving average of $81.93. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C) last posted its earnings results 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 return on equity of 7.29% and a net margin of 8.44%.The business had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same quarter last year, the company earned $1.52 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. Equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were given a $0.60 dividend. This is a boost from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. Citigroup’s payout ratio is presently 35.45%.

Insider Buying and Selling

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup 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 owned 2,140 shares of the company’s stock, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Piper Sandler upped their target price on Citigroup from $84.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. TD Cowen increased their price target 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. Evercore ISI set a $77.00 target price on Citigroup in a research report on Monday, July 7th. Finally, Oppenheimer decreased their target price on Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.11.

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.