Transatlantique Private Wealth LLC Acquires 652 Shares of Citigroup Inc. (NYSE:C)

Transatlantique Private Wealth LLC increased its holdings in shares of Citigroup Inc. (NYSE:C) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,438 shares of the company’s stock after purchasing an additional 652 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Citigroup were worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Gryphon Financial Partners LLC raised its stake in Citigroup by 215.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 15,561 shares of the company’s stock valued at $800,000 after buying an additional 10,632 shares during the last quarter. Corient Private Wealth LLC increased its position in Citigroup by 1.8% during the fourth quarter. Corient Private Wealth LLC now owns 398,801 shares of the company’s stock valued at $20,514,000 after acquiring an additional 7,139 shares during the last quarter. CreativeOne Wealth LLC bought a new position in Citigroup in the fourth quarter valued at about $264,000. EverSource Wealth Advisors LLC boosted its position in Citigroup by 17.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,220 shares of the company’s stock worth $217,000 after purchasing an additional 628 shares during the last quarter. Finally, Frazier Financial Advisors LLC purchased a new position in Citigroup in the fourth quarter worth about $29,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Argus increased their price objective on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. BMO Capital Markets increased their price target on shares of Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research note on Thursday, June 20th. Piper Sandler upped their price objective on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, The Goldman Sachs Group decreased their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.25.

Citigroup Trading Down 1.4 %

Citigroup stock opened at $62.11 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. The firm’s 50 day moving average price is $61.30 and its 200-day moving average price is $61.46. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $67.81. The stock has a market cap of $118.47 billion, a P/E ratio of 17.40, a PEG ratio of 0.62 and a beta of 1.45.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, July 12th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13. The business had revenue of $20.14 billion for the quarter, compared to analysts’ expectations of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.37 EPS. On average, equities analysts predict that Citigroup Inc. will post 5.81 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 5th were paid a $0.56 dividend. This is an increase from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.24 dividend on an annualized basis and a yield of 3.61%. Citigroup’s payout ratio is presently 62.75%.

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.