Castlekeep Investment Advisors LLC Makes New $1.66 Million Investment in Citigroup Inc. (NYSE:C)

Castlekeep Investment Advisors LLC acquired a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 23,546 shares of the company's stock, valued at approximately $1,657,000.

A number of other institutional investors have also added to or reduced their stakes in C. Jupiter Wealth Management LLC boosted its position in shares of Citigroup by 8.2% during the fourth quarter. Jupiter Wealth Management LLC now owns 43,088 shares of the company's stock worth $3,033,000 after acquiring an additional 3,250 shares during the last quarter. North Star Asset Management Inc. grew its stake in shares of Citigroup by 4.9% during the 4th quarter. North Star Asset Management Inc. now owns 3,698 shares of the company's stock worth $260,000 after purchasing an additional 172 shares during the period. GF Fund Management CO. LTD. purchased a new stake in shares of Citigroup during the fourth quarter worth approximately $66,000. Parr Mcknight Wealth Management Group LLC acquired a new position in Citigroup during the fourth quarter worth $232,000. Finally, WCG Wealth Advisors LLC raised its stake in Citigroup by 3.3% in the fourth quarter. WCG Wealth Advisors LLC now owns 11,573 shares of the company's stock valued at $815,000 after buying an additional 371 shares in the last quarter. Institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

Shares of C stock traded up $2.33 during mid-day trading on Tuesday, reaching $75.42. The stock had a trading volume of 12,142,676 shares, compared to its average volume of 14,544,589. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm has a market cap of $140.86 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 0.64 and a beta of 1.30. The business's fifty day moving average is $68.71 and its 200-day moving average is $72.32.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The business had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. On average, research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.97%. Citigroup's payout ratio is currently 35.39%.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the firm'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 sale, the director now directly owns 13,048 shares of the company's stock, valued at $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. TD Cowen started coverage on Citigroup in a research report on Thursday, May 15th. They set a "hold" rating and a $83.00 price target for the company. Royal Bank of Canada reduced their target price on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. Morgan Stanley decreased their price objective on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. lowered their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, Truist Financial lowered their target price on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and an average target price of $83.97.

Citigroup 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.