Oliver Lagore Vanvalin Investment Group Buys New Position in Citigroup Inc. $C

Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Citigroup Inc. (NYSE:C) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 607 shares of the company’s stock, valued at approximately $52,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new stake in shares of Citigroup during the 1st quarter valued at about $28,000. Accent Capital Management LLC boosted its position in shares of 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 in the last quarter. American National Bank & Trust bought a new stake in shares of Citigroup during the 1st quarter valued at about $29,000. Truvestments Capital LLC boosted 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 valued at $31,000 after purchasing an additional 246 shares in the last quarter. Finally, Mascagni Wealth Management Inc. bought a new position in Citigroup in the fourth quarter worth approximately $34,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of Citigroup stock opened at $102.64 on Friday. The business’s fifty day simple moving average is $95.12 and its 200 day simple moving average is $80.75. The firm has a market capitalization of $188.95 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 0.88 and a beta of 1.41. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $103.13. 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 issued its quarterly 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. The business had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.Citigroup’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. 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 is 35.45%.

Insider Buying and Selling

In related news, Director Peter B. Henry sold 3,000 shares of Citigroup 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on C shares. Wells Fargo & Company increased their price target on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Evercore ISI set a $77.00 price target on Citigroup in a report on Monday, July 7th. Wall Street Zen upgraded Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. The Goldman Sachs Group increased their price target on Citigroup from $85.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, Dbs Bank upgraded Citigroup from a “hold” rating to a “moderate buy” rating in a report on Thursday, July 17th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.68.

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.