23,415 Shares in Citigroup Inc. (NYSE:C) Bought by KPP Advisory Services LLC

KPP Advisory Services LLC purchased a new position in shares of Citigroup Inc. (NYSE:C - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 23,415 shares of the company's stock, valued at approximately $1,662,000.

A number of other institutional investors have also recently added to or reduced their stakes in C. Goldstein Advisors LLC acquired a new position in Citigroup in the 1st quarter worth $323,000. Penobscot Investment Management Company Inc. lifted its holdings in Citigroup by 3.4% in the 1st quarter. Penobscot Investment Management Company Inc. now owns 35,313 shares of the company's stock worth $2,507,000 after buying an additional 1,150 shares in the last quarter. Western Wealth Management LLC lifted its holdings in Citigroup by 12.3% in the 1st quarter. Western Wealth Management LLC now owns 10,440 shares of the company's stock worth $741,000 after buying an additional 1,144 shares in the last quarter. Sabal Trust CO lifted its holdings in Citigroup by 91.1% in the 1st quarter. Sabal Trust CO now owns 23,254 shares of the company's stock worth $1,651,000 after buying an additional 11,084 shares in the last quarter. Finally, Salzhauer Michael lifted its holdings in Citigroup by 19.6% in the 1st quarter. Salzhauer Michael now owns 470,955 shares of the company's stock worth $33,433,000 after buying an additional 77,305 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Price Performance

C opened at $82.64 on Thursday. The firm has a market cap of $154.35 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 0.63 and a beta of 1.33. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The company's 50-day moving average price is $73.68 and its 200 day moving average price is $73.45. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52.

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

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is 35.39%.

Analyst Ratings Changes

A number of equities analysts have commented on C shares. The Goldman Sachs Group reiterated a "buy" rating on shares of Citigroup in a report on Tuesday. Evercore ISI cut their price objective on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 target price (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Piper Sandler restated an "overweight" rating and issued a $77.00 target price (down previously from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Finally, TD Cowen initiated coverage on shares of Citigroup in a research note on Thursday, May 15th. They issued a "hold" rating and a $83.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and an average target price of $83.30.

Insiders Place Their Bets

In other news, Director John Cunningham Dugan sold 4,417 shares of the 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 $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 SEC, which is accessible through this link. 0.08% of the stock is owned by insiders.

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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