7,733 Shares in Citigroup Inc. (NYSE:C) Acquired by Stableford Capital II LLC

Stableford Capital II LLC bought a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,733 shares of the company's stock, valued at approximately $549,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of C. Orion Capital Management LLC bought a new position in shares of Citigroup in the 4th quarter worth $28,000. American National Bank & Trust bought a new position in shares of Citigroup in the 1st quarter worth $29,000. Mascagni Wealth Management Inc. bought a new position in shares of Citigroup in the 4th quarter worth $34,000. Runnymede Capital Advisors Inc. bought a new position in shares of Citigroup in the 4th quarter worth $39,000. Finally, Whipplewood Advisors LLC increased its holdings in shares of Citigroup by 79.2% in the 1st quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock worth $40,000 after buying an additional 252 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Citigroup Trading Up 1.2%

Shares of C opened at $78.28 on Friday. The stock has a market capitalization of $146.20 billion, a P/E ratio of 12.37, a PEG ratio of 0.60 and a beta of 1.33. 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 fifty day simple moving average of $72.27 and a two-hundred day simple moving average of $73.21. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74.

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

Citigroup Announces Dividend

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

Insider Buying and Selling at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction 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 represents a 25.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

C has been the topic of a number of research analyst reports. Royal Bank Of Canada decreased their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. TD Cowen initiated coverage on shares of Citigroup in a report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price target on the stock. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Evercore ISI decreased their price target 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. Finally, Cowen started coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating for the company. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $84.30.

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.

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