Citigroup Inc. (NYSE:C) Shares Bought by Blair William & Co. IL

Key Points

• Blair William & Co. IL has increased its holdings in Citigroup Inc. by 5.9%, acquiring an additional 9,047 shares, bringing their total to 161,190 shares worth approximately $11.44 million.
• Citigroup recently reported earnings of $1.96 per share, exceeding analysts' expectations, and declared an increase in its quarterly dividend to $0.60 per share.
• Analyst ratings for Citigroup are mixed, with Oppenheimer setting a target price of $124 while the consensus rating is categorized as a "Moderate Buy" with a target price of $96.54.

Blair William & Co. IL increased its holdings in Citigroup Inc. (NYSE:C - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,190 shares of the company's stock after acquiring an additional 9,047 shares during the period. Blair William & Co. IL's holdings in Citigroup were worth $11,443,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of C. Orion Capital Management LLC bought a new stake in shares of Citigroup in the fourth quarter valued at $28,000. MorganRosel Wealth Management LLC bought a new stake in Citigroup in the 1st quarter valued at about $28,000. American National Bank & Trust purchased a new stake in Citigroup during the first quarter valued at about $29,000. Mascagni Wealth Management Inc. bought a new position in Citigroup during the fourth quarter worth about $34,000. Finally, HHM Wealth Advisors LLC increased its stake in shares of Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company's stock worth $37,000 after purchasing an additional 467 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is owned by insiders.

Citigroup Price Performance

Shares of C traded down $0.92 during mid-day trading on Thursday, reaching $91.31. The stock had a trading volume of 12,938,981 shares, compared to its average volume of 16,932,436. The business has a fifty day moving average of $85.40 and a 200 day moving average of $77.25. 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 firm has a market cap of $170.54 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.79 and a beta of 1.38. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $96.90.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results 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. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The company had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter last year, the company earned $1.52 EPS. The firm's quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be issued a $0.60 dividend. The ex-dividend date is Monday, August 4th. This is an increase from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. Citigroup's dividend payout ratio is presently 35.45%.

Analyst Ratings Changes

C has been the topic of a number of analyst reports. Wells Fargo & Company upped their target price on shares of Citigroup from $110.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Morgan Stanley raised their target price on shares of Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Oppenheimer upped their target price on shares of Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada dropped their target price on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Finally, Truist Financial increased their price target on shares of Citigroup from $93.00 to $99.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $96.54.

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.