Boyd Watterson Asset Management LLC OH Buys 7,218 Shares of Citigroup Inc. (NYSE:C)

Boyd Watterson Asset Management LLC OH grew its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 23.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,210 shares of the company's stock after purchasing an additional 7,218 shares during the period. Boyd Watterson Asset Management LLC OH's holdings in Citigroup were worth $2,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Orion Capital Management LLC bought a new stake in Citigroup in the 4th quarter worth about $28,000. MorganRosel Wealth Management LLC bought a new stake in Citigroup in the 1st quarter worth about $28,000. American National Bank & Trust bought a new stake in Citigroup in the 1st quarter worth about $29,000. Mascagni Wealth Management Inc. bought a new stake in Citigroup in the 4th quarter worth about $34,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Citigroup by 68.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 577 shares of the company's stock valued at $38,000 after acquiring an additional 234 shares during the period. 71.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Dbs Bank upgraded shares of Citigroup from a "hold" rating to a "moderate buy" rating in a research note on Thursday, July 17th. Morgan Stanley raised their price objective on shares of Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Cowen started coverage on shares of Citigroup in a research report on Wednesday, May 14th. They set a "hold" rating on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $96.46.

Citigroup Stock Up 0.7%

NYSE:C traded up $0.65 during mid-day trading on Friday, hitting $96.04. 13,537,763 shares of the company's stock were exchanged, compared to its average volume of 16,283,003. Citigroup Inc. has a one year low of $53.51 and a one year high of $96.90. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.98. The business has a fifty day moving average price of $82.36 and a 200 day moving average price of $76.25. The company has a market cap of $179.37 billion, a PE ratio of 14.19, a P/E/G ratio of 0.82 and a beta of 1.34.

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, topping the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The business's 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. Stockholders of record on Monday, August 4th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, August 4th. This is a boost from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.50%. Citigroup's dividend payout ratio is 35.45%.

Insiders Place Their Bets

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction 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 transaction, the director directly owned 2,140 shares of the company's stock, valued at $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the transaction, the director directly owned 13,048 shares of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company's stock.

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.