Wealthstar Advisors LLC Takes $1.48 Million Position in Citigroup Inc. (NYSE:C)

Wealthstar Advisors LLC purchased a new stake in Citigroup Inc. (NYSE:C - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,849 shares of the company's stock, valued at approximately $1,480,000.

A number of other large investors also recently made changes to their positions in C. Norges Bank acquired a new position in Citigroup during the fourth quarter valued at approximately $1,935,599,000. Capital World Investors boosted its position in shares of Citigroup by 455.2% during the fourth quarter. Capital World Investors now owns 31,352,582 shares of the company's stock worth $2,206,908,000 after purchasing an additional 25,705,141 shares in the last quarter. FMR LLC grew its holdings in shares of Citigroup by 29.7% in the 4th quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after buying an additional 7,863,718 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Citigroup in the 4th quarter valued at $198,231,000. Finally, Franklin Resources Inc. increased its position in shares of Citigroup by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock valued at $2,311,048,000 after buying an additional 2,804,850 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on C shares. Oppenheimer reiterated an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. TD Cowen began coverage on Citigroup in a report on Thursday, May 15th. They set a "hold" rating and a $83.00 price objective on the stock. Truist Financial decreased their price objective on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Bank of America raised their target price on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Finally, Royal Bank Of Canada cut their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Citigroup currently has an average rating of "Moderate Buy" and an average target price of $84.83.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the sale, the director owned 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.08% of the stock is owned by company insiders.

Citigroup Stock Up 0.5%

Citigroup stock traded up $0.42 during mid-day trading on Wednesday, reaching $86.69. The company's stock had a trading volume of 13,413,012 shares, compared to its average volume of 14,587,878. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $86.92. The business's 50 day simple moving average is $75.41 and its 200 day simple moving average is $73.83. The company has a market capitalization of $161.91 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 0.66 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. As a group, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were given a dividend of $0.56 per share. The ex-dividend date was Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 2.58%. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Citigroup Company 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.