BIP Wealth LLC Buys 624 Shares of Citigroup Inc. $C

BIP Wealth LLC boosted its position in shares of Citigroup Inc. (NYSE:C) by 21.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,589 shares of the company’s stock after purchasing an additional 624 shares during the quarter. BIP Wealth LLC’s holdings in Citigroup were worth $306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new position in Citigroup in the first quarter valued at about $28,000. Accent Capital Management LLC lifted its position in Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares during the period. Truvestments Capital LLC grew its position in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after buying an additional 246 shares during the period. DHJJ Financial Advisors Ltd. raised its stake in shares of Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after buying an additional 253 shares during the last quarter. Finally, HHM Wealth Advisors LLC lifted its holdings in Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after buying an additional 467 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. UBS Group reaffirmed a “neutral” rating and set a $89.00 target price on shares of Citigroup in a report on Tuesday, July 15th. Wells Fargo & Company lifted their price objective on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Bank of America upped their price objective on Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Cowen restated a “hold” rating and set a $110.00 target price on shares of Citigroup in a report on Wednesday, October 15th. Finally, Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $107.63.

Citigroup Trading Up 2.1%

NYSE:C opened at $98.77 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The business’s 50-day simple moving average is $97.93 and its 200-day simple moving average is $86.05. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $105.59. The stock has a market capitalization of $181.82 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). The business had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.Citigroup’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Sell-side analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is presently 33.71%.

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.