Bank Julius Baer & Co. Ltd Zurich Purchases 25,204 Shares of Citigroup Inc. (NYSE:C)

Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 270,980 shares of the company's stock after purchasing an additional 25,204 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Citigroup were worth $19,237,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Orion Capital Management LLC acquired a new position in Citigroup in the fourth quarter valued at about $28,000. MorganRosel Wealth Management LLC acquired a new position in Citigroup in the first quarter valued at about $28,000. American National Bank & Trust acquired a new position in Citigroup in the first quarter valued at about $29,000. Mascagni Wealth Management Inc. acquired a new position in Citigroup in the fourth quarter valued at about $34,000. Finally, Whipplewood Advisors LLC lifted its holdings in shares of Citigroup by 79.2% in the first quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock valued at $40,000 after purchasing an additional 252 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

C has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price target on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Piper Sandler boosted their price target on Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Dbs Bank upgraded Citigroup from a "hold" rating to a "moderate buy" rating in a report on Thursday, July 17th. Finally, Barclays boosted their price target on Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $96.46.

Citigroup Stock Up 0.7%

C traded up $0.65 on Friday, hitting $96.04. 13,537,763 shares of the company were exchanged, compared to its average volume of 16,283,003. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $96.90. The company has a market cap of $179.37 billion, a PE ratio of 14.19, a PEG ratio of 0.83 and a beta of 1.34. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.98 and a current ratio of 0.99. The stock's fifty day moving average is $82.36 and its 200-day moving average is $76.27.

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

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be paid a $0.60 dividend. This is a positive change from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.40 annualized dividend and a yield of 2.50%. Citigroup's dividend payout ratio is currently 33.09%.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director owned 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 Securities & Exchange Commission, which is available at this link. Also, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were 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 in the company, valued at $193,456. This represents a 58.37% decrease in their position. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

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.