3,601 Shares in Citigroup Inc. (NYSE:C) Bought by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC acquired a new stake in Citigroup Inc. (NYSE:C - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,601 shares of the company's stock, valued at approximately $256,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Core Alternative Capital lifted its holdings in Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares in the last quarter. Orion Capital Management LLC purchased a new position in shares of Citigroup during the 4th quarter worth $28,000. American National Bank & Trust purchased a new position in shares of Citigroup during the 1st quarter worth $29,000. Mascagni Wealth Management Inc. purchased a new position in shares of Citigroup during the 4th quarter worth $34,000. Finally, Creative Capital Management Investments LLC purchased a new position in shares of Citigroup during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

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 completion of the sale, the director now owns 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Truist Financial reduced their price target on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group reduced their price target on Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Bank of America reduced their price objective on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price objective (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Citigroup currently has a consensus rating of "Moderate Buy" and an average price target of $83.97.

Citigroup Stock Up 2.2%

C traded up $1.65 on Friday, reaching $78.32. The company's stock had a trading volume of 11,514,514 shares, compared to its average volume of 14,600,134. The stock has a 50 day moving average of $69.43 and a two-hundred day moving average of $72.75. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $146.28 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 0.64 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.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The company had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. As a group, analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Monday, May 5th. Citigroup's dividend payout ratio is currently 35.39%.

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.