Asio Capital LLC Makes New $4.55 Million Investment in Citigroup Inc. (NYSE:C)

Asio Capital LLC acquired a new stake in Citigroup Inc. (NYSE:C - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 64,110 shares of the company's stock, valued at approximately $4,551,000.

Several other hedge funds also recently bought and sold shares of C. Brighton Jones LLC boosted its stake in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after buying an additional 12,499 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Citigroup in the 4th quarter worth approximately $10,400,000. Leavell Investment Management Inc. purchased a new stake in shares of Citigroup in the 4th quarter valued at $256,000. Catalyst Financial Partners LLC grew its holdings in shares of Citigroup by 13.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 5,306 shares of the company's stock valued at $373,000 after purchasing an additional 609 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA raised its position in Citigroup by 5.6% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,740 shares of the company's stock worth $263,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on C. Royal Bank of Canada decreased their target price on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note 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 for the company in a research note on Thursday, April 3rd. Bank of America dropped their target price on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Piper Sandler restated an "overweight" rating and set a $77.00 price target (down previously from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. Finally, Cowen started coverage on Citigroup in a research report on Wednesday, May 14th. They set a "hold" rating for the company. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $84.30.

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director now directly owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.

Citigroup Trading Down 2.5%

Shares of NYSE:C traded down $1.93 during mid-day trading on Friday, reaching $76.30. 11,986,532 shares of the company were exchanged, compared to its average volume of 14,546,749. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The firm's 50-day simple moving average is $71.01 and its 200 day simple moving average is $73.03. The firm has a market cap of $142.51 billion, a price-to-earnings 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 announced 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 net margin of 7.43% and a return on equity of 6.62%. The business had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were given a $0.56 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.94%. Citigroup's 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.