Bridgewater Advisors Inc. Takes $481,000 Position in Citigroup Inc. (NYSE:C)

Bridgewater Advisors Inc. purchased a new stake in Citigroup Inc. (NYSE:C - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 6,980 shares of the company's stock, valued at approximately $481,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in C. Orion Capital Management LLC acquired a new position in Citigroup in the 4th quarter valued at about $28,000. MorganRosel Wealth Management LLC acquired a new position in shares of Citigroup during the 1st quarter worth approximately $28,000. American National Bank & Trust acquired a new position in shares of Citigroup during the 1st quarter worth approximately $29,000. Mascagni Wealth Management Inc. acquired a new position in shares of Citigroup during the 4th quarter worth approximately $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 worth $38,000 after purchasing an additional 234 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the transaction, the director owned 13,048 shares in the company, valued at approximately $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. 0.08% of the stock is currently owned by company insiders.

Citigroup Stock Up 0.4%

NYSE:C traded up $0.35 during trading hours on Friday, reaching $93.44. The company had a trading volume of 16,590,582 shares, compared to its average volume of 14,675,319. 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 cap of $174.52 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 0.68 and a beta of 1.34. The business's 50-day simple moving average is $80.43 and its two-hundred day simple moving average is $75.45. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $93.79.

Citigroup (NYSE:C - Get Free Report) last posted 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. The business had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted $1.52 earnings per share. On average, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.57%. This is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. Citigroup's dividend payout ratio (DPR) is presently 33.09%.

Wall Street Analysts Forecast Growth

C has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed a "buy" rating on shares of Citigroup in a report on Wednesday. Truist Financial upped their price target on shares of Citigroup from $93.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday. Wall Street Zen downgraded shares of Citigroup from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Evercore ISI set a $77.00 price target on shares of Citigroup in a report on Monday, July 7th. Finally, Bank of America upped their price target on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and a consensus price target of $96.46.

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.