B. Riley Wealth Advisors Inc. Acquires 4,230 Shares of Citigroup Inc. (NYSE:C)

B. Riley Wealth Advisors Inc. grew its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 8.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 51,924 shares of the company's stock after buying an additional 4,230 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Citigroup were worth $3,655,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in C. Ascent Group LLC raised its position in Citigroup by 8.8% in the fourth quarter. Ascent Group LLC now owns 36,505 shares of the company's stock worth $2,570,000 after purchasing an additional 2,960 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in shares of Citigroup in the 4th quarter worth approximately $127,000. Mackenzie Financial Corp lifted its position in shares of Citigroup by 30.1% during the 4th quarter. Mackenzie Financial Corp now owns 1,876,682 shares of the company's stock worth $132,100,000 after buying an additional 434,280 shares during the period. Forum Financial Management LP boosted its stake in Citigroup by 20.2% in the 4th quarter. Forum Financial Management LP now owns 30,338 shares of the company's stock valued at $2,135,000 after buying an additional 5,089 shares in the last quarter. Finally, Griffith & Werner Inc. bought a new stake in Citigroup in the fourth quarter valued at $5,114,000. Institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

Citigroup stock traded up $0.48 during midday trading on Thursday, reaching $75.51. 11,878,502 shares of the company's stock were exchanged, compared to its average volume of 14,540,494. The stock's 50-day simple moving average is $68.85 and its 200 day simple moving average is $72.36. The firm has a market cap of $141.03 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 0.64 and a beta of 1.30. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74.

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

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were paid 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 2.97%. Citigroup's dividend payout ratio (DPR) is 35.39%.

Insiders Place Their Bets

In other news, 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 transaction of $301,504.42. Following the sale, the director now directly owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on C shares. Royal Bank of Canada lowered their target price 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. The Goldman Sachs Group decreased their price objective on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. JPMorgan Chase & Co. reduced their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, Bank of America lowered their target price on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and an average target price of $83.97.

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.