Baron Wealth Management LLC Buys Shares of 3,287 Citigroup Inc. $C

by · The Cerbat Gem

Baron Wealth Management LLC bought a new stake in Citigroup Inc. (NYSE:C – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,287 shares of the company’s stock, valued at approximately $280,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in Citigroup in the 4th quarter valued at approximately $28,000. MorganRosel Wealth Management LLC acquired a new stake in Citigroup in the 1st quarter valued at approximately $28,000. Accent Capital Management LLC grew its holdings in Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after buying an additional 212 shares during the last quarter. American National Bank & Trust acquired a new stake in Citigroup in the 1st quarter valued at approximately $29,000. Finally, Truvestments Capital LLC grew its holdings in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after buying an additional 246 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C stock opened at $101.71 on Thursday. The stock’s fifty day simple moving average is $94.50 and its 200 day simple moving average is $80.31. 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 firm has a market cap of $187.24 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 0.86 and a beta of 1.41. Citigroup Inc. has a one year low of $55.51 and a one year high of $102.21.

Citigroup (NYSE:C – Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.40 annualized dividend and a yield of 2.4%. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s payout ratio is presently 35.45%.

Insider Transactions at Citigroup

In other Citigroup 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 value of $271,200.00. Following the completion of the transaction, the director owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on C shares. Wells Fargo & Company lifted their price objective on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday. Bank of America lifted their price objective on Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, June 26th. Truist Financial lifted their price objective on Citigroup from $99.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. TD Cowen lifted their price objective on Citigroup from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of Citigroup in a report on Wednesday, July 16th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $97.68.

Read Our Latest Stock Report on Citigroup

About Citigroup

(Free Report)

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.

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