Citigroup Inc. (NYSE:C) Shares Purchased by apricus wealth LLC

apricus wealth LLC grew its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 8.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,315 shares of the company's stock after purchasing an additional 3,935 shares during the quarter. Citigroup makes up about 2.0% of apricus wealth LLC's holdings, making the stock its 14th biggest position. apricus wealth LLC's holdings in Citigroup were worth $3,430,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Orion Capital Management LLC purchased a new position in shares of Citigroup during the fourth quarter worth approximately $28,000. American National Bank & Trust purchased a new position in shares of Citigroup during the first quarter worth approximately $29,000. Mascagni Wealth Management Inc. purchased a new position in shares of Citigroup during the fourth quarter worth approximately $34,000. Creative Capital Management Investments LLC purchased a new position in shares of Citigroup during the fourth quarter worth approximately $35,000. Finally, Sierra Ocean LLC purchased a new position in shares of Citigroup during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Transactions at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction 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 transaction, the director now owns 13,048 shares of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on C. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 price objective (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Oppenheimer reiterated an "outperform" rating on shares of Citigroup in a research report on Tuesday, May 20th. Wall Street Zen upgraded shares of Citigroup from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, The Goldman Sachs Group lifted their price objective on shares of Citigroup from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Citigroup has an average rating of "Moderate Buy" and a consensus target price of $84.30.

Citigroup Price Performance

Citigroup stock traded down $1.93 during midday trading on Friday, reaching $76.30. The company's stock had a trading volume of 11,986,532 shares, compared to its average volume of 14,546,749. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The stock's 50 day simple moving average is $71.01 and its 200 day simple moving average is $73.05. The firm has a market capitalization of $142.51 billion, a PE ratio of 12.82, a P/E/G ratio of 0.64 and a beta of 1.33.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.12. The business had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. On average, equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

About Citigroup

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.