Alta Wealth Advisors LLC purchased a new stake in Citigroup Inc. (NYSE:C - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,581 shares of the company's stock, valued at approximately $396,000.
Several other hedge funds have also made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in Citigroup during the fourth quarter valued at $28,000. American National Bank & Trust acquired a new stake in shares of Citigroup in the first quarter valued at about $29,000. Mascagni Wealth Management Inc. bought a new stake in shares of Citigroup in the fourth quarter valued at approximately $34,000. Runnymede Capital Advisors Inc. bought a new stake in Citigroup in the 4th quarter valued at $39,000. Finally, Whipplewood Advisors LLC grew its position in Citigroup by 79.2% during the first quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock worth $40,000 after buying an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on C. Oppenheimer restated an "outperform" rating on shares of Citigroup in a research note on Tuesday, May 20th. Wall Street Zen lowered shares of Citigroup from a "hold" rating to a "sell" rating in a research report on Friday. JPMorgan Chase & Co. cut their price target on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Truist Financial lowered their price objective on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Evercore ISI dropped their target price on Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $84.03.
Get Our Latest Analysis on C
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 transaction of $301,504.42. Following 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 filing with the SEC, which is available through the SEC website. Corporate insiders own 0.08% of the company's stock.
Citigroup Price Performance
Shares of C traded up $0.65 during trading hours on Monday, reaching $85.03. The stock had a trading volume of 10,337,946 shares, compared to its average volume of 14,557,861. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $158.81 billion, a PE ratio of 13.43, a PEG ratio of 0.66 and a beta of 1.33. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $85.43. The company's 50-day moving average is $74.53 and its two-hundred day moving average is $73.64.
Citigroup (NYSE:C - Get Free Report) last issued its quarterly 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. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The firm had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Research analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.
Citigroup Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is presently 35.39%.
About Citigroup
(
Free Report)
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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