20,849 Shares in Citigroup Inc. (NYSE:C) Bought by Wealthstar Advisors LLC

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

Several other institutional investors and hedge funds have also bought and sold shares of C. Citizens National Bank Trust Department raised its holdings in Citigroup by 21.1% during the first quarter. Citizens National Bank Trust Department now owns 17,203 shares of the company's stock worth $1,221,000 after buying an additional 3,002 shares during the last quarter. Avidian Wealth Enterprises LLC raised its holdings in Citigroup by 12.5% during the first quarter. Avidian Wealth Enterprises LLC now owns 7,406 shares of the company's stock worth $526,000 after buying an additional 821 shares during the last quarter. Naviter Wealth LLC raised its holdings in shares of Citigroup by 1.6% in the first quarter. Naviter Wealth LLC now owns 36,663 shares of the company's stock valued at $2,579,000 after purchasing an additional 570 shares during the last quarter. Skylands Capital LLC raised its holdings in shares of Citigroup by 3.2% in the first quarter. Skylands Capital LLC now owns 141,200 shares of the company's stock valued at $10,024,000 after purchasing an additional 4,425 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Citigroup by 2.2% in the first quarter. KBC Group NV now owns 1,486,433 shares of the company's stock valued at $105,521,000 after purchasing an additional 32,609 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Price Performance

Shares of NYSE:C opened at $84.41 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $157.66 billion, a PE ratio of 13.33, a P/E/G ratio of 0.65 and a beta of 1.33. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.79. The company has a 50-day moving average price of $74.53 and a two-hundred day moving average price of $73.63.

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

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were given a $0.56 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.65%. Citigroup's dividend payout ratio (DPR) is currently 35.39%.

Insider Activity

In other news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director now directly owns 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on C shares. The Goldman Sachs Group reiterated a "buy" rating on shares of Citigroup in a report on Tuesday. Cowen started coverage on shares of Citigroup in a report on Wednesday, May 14th. They issued a "hold" rating for the company. Truist Financial lowered their target price on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. TD Cowen started coverage on shares of Citigroup in a report on Thursday, May 15th. They issued a "hold" rating and a $83.00 target price for the company. Finally, Piper Sandler reiterated an "overweight" rating and issued a $77.00 target price (down previously from $83.00) on shares of Citigroup in a report 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.03.

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.

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