10,945 Shares in Citigroup Inc. (NYSE:C) Bought by Blueshift Asset Management LLC

Key Points

• Blueshift Asset Management LLC purchased 10,945 shares of Citigroup Inc., valued at approximately $777,000, marking a significant new position during the first quarter.
• Citigroup recently increased its quarterly dividend from $0.56 to $0.60 per share, reflecting a dividend yield of 2.6%.
• The company's latest earnings report revealed an EPS of $1.96, surpassing analysts' expectations and showing an 8.2% revenue increase compared to the previous year.

Blueshift Asset Management LLC bought a new position in Citigroup Inc. (NYSE:C - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,945 shares of the company's stock, valued at approximately $777,000.

A number of other hedge funds have also made changes to their positions in C. Orion Capital Management LLC acquired a new position in shares of Citigroup during the fourth quarter worth approximately $28,000. MorganRosel Wealth Management LLC bought a new position in Citigroup in the 1st quarter worth approximately $28,000. American National Bank & Trust acquired a new position in Citigroup during the 1st quarter worth $29,000. Mascagni Wealth Management Inc. bought a new position in Citigroup in the 4th quarter valued at $34,000. Finally, HHM Wealth Advisors LLC increased its stake in shares of Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company's stock valued at $37,000 after buying an additional 467 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Activity

In other news, Director Peter B. Henry sold 3,000 shares of the business's 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 sale, the director directly owned 2,140 shares in the company, valued at $193,456. The trade was a 58.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Cowen started coverage on Citigroup in a research note on Wednesday, May 14th. They set a "hold" rating on the stock. Oppenheimer boosted their price objective on Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Wednesday. Truist Financial raised their target price on shares of Citigroup from $93.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Finally, The Goldman Sachs Group increased their price objective on shares of Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.54.

Citigroup Trading Down 2.0%

Citigroup stock traded down $1.86 during mid-day trading on Friday, hitting $91.84. 17,720,586 shares of the company's stock were exchanged, compared to its average volume of 15,836,717. The company's 50 day simple moving average is $84.36 and its 200-day simple moving average is $76.97. 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 has a market capitalization of $171.53 billion, a P/E ratio of 13.57, a PEG ratio of 0.79 and a beta of 1.38. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $96.90.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $20.75 billion. During the same quarter last year, the firm posted $1.52 earnings per share. Citigroup's revenue was up 8.2% compared to the same quarter last year. On average, equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be given a dividend of $0.60 per share. This is a positive change from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, August 4th. Citigroup's payout ratio is currently 33.09%.

Citigroup Company 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.