Angel Oak Capital Advisors LLC purchased a new stake in Citigroup Inc. (NYSE:C - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,000 shares of the company's stock, valued at approximately $994,000. Citigroup accounts for about 1.3% of Angel Oak Capital Advisors LLC's holdings, making the stock its 13th biggest holding.
Several other institutional investors have also recently added to or reduced their stakes in C. Orion Capital Management LLC bought a new stake in shares of Citigroup during the fourth quarter valued at approximately $28,000. MorganRosel Wealth Management LLC bought a new stake in shares of Citigroup during the first quarter valued at approximately $28,000. American National Bank & Trust bought a new stake in shares of Citigroup during the first quarter valued at approximately $29,000. Accent Capital Management LLC increased its holdings in shares of Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after acquiring an additional 212 shares in the last quarter. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of Citigroup during the fourth quarter valued at approximately $34,000. 71.72% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Citigroup
In other news, Director Peter B. Henry sold 3,000 shares of the company's 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 transaction, the director owned 2,140 shares of the company's stock, valued at $193,456. This represents a 58.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is owned by company insiders.
Citigroup Stock Performance
NYSE:C traded up $1.56 during trading on Friday, reaching $92.79. The company's stock had a trading volume of 10,764,944 shares, compared to its average volume of 17,127,052. The firm has a market cap of $170.82 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 0.80 and a beta of 1.38. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a 50 day moving average of $86.07 and a 200-day moving average of $77.34. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $96.90.
Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 EPS. Research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.
Citigroup Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be paid a $0.60 dividend. This is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. Citigroup's dividend payout ratio is currently 35.45%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Dbs Bank upgraded Citigroup from a "hold" rating to a "moderate buy" rating in a report on Thursday, July 17th. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Keefe, Bruyette & Woods restated a "buy" rating on shares of Citigroup in a report on Wednesday, July 16th. Finally, Barclays upped their price target on Citigroup from $95.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $96.54.
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About Citigroup
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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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