Arlington Capital Management Inc. Buys Shares of 16,195 Citigroup Inc. (NYSE:C)

Arlington Capital Management Inc. bought a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,195 shares of the company's stock, valued at approximately $1,150,000. Citigroup accounts for about 0.9% of Arlington Capital Management Inc.'s investment portfolio, making the stock its 22nd biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in shares of Citigroup during the 4th quarter worth approximately $28,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Citigroup during the 1st quarter worth approximately $28,000. American National Bank & Trust acquired a new stake in shares of Citigroup during the 1st quarter worth approximately $29,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Citigroup during the 4th quarter worth approximately $34,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Citigroup by 68.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 577 shares of the company's stock worth $38,000 after buying an additional 234 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Insiders Place Their Bets

In related news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the sale, the director owned 2,140 shares of the company's stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director directly owned 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on C. Keefe, Bruyette & Woods reaffirmed a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. Royal Bank Of Canada reduced their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Bank of America lifted their price target on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. JPMorgan Chase & Co. reduced their price target on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, Evercore ISI set a $77.00 price target on shares of Citigroup in a research report on Monday, July 7th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $96.46.

Citigroup Stock Up 0.7%

NYSE:C traded up $0.65 during trading hours on Friday, hitting $96.04. 13,537,763 shares of the company traded hands, compared to its average volume of 16,283,003. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The firm's 50-day simple moving average is $82.36 and its 200-day simple moving average is $76.25. Citigroup Inc. has a one year low of $53.51 and a one year high of $96.90. The company has a market cap of $179.37 billion, a PE ratio of 14.19, a PEG ratio of 0.82 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.35. The business had revenue of $21.67 billion for the quarter, compared to analysts' expectations of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The business's revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $1.52 EPS. Equities analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.50%. This is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. Citigroup's payout ratio is presently 33.09%.

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.