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

Castlekeep Investment Advisors LLC acquired a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,546 shares of the company's stock, valued at approximately $1,657,000.

Other institutional investors also recently bought and sold shares of the company. Daymark Wealth Partners LLC acquired a new position in Citigroup in the 4th quarter valued at $206,000. SG Americas Securities LLC increased its stake in shares of Citigroup by 103.6% during the fourth quarter. SG Americas Securities LLC now owns 48,500 shares of the company's stock worth $3,414,000 after acquiring an additional 1,410,950 shares during the period. Mutual Advisors LLC raised its holdings in Citigroup by 8.8% during the fourth quarter. Mutual Advisors LLC now owns 17,581 shares of the company's stock worth $1,238,000 after purchasing an additional 1,418 shares in the last quarter. Secure Asset Management LLC acquired a new stake in Citigroup in the fourth quarter valued at about $238,000. Finally, Brighton Jones LLC boosted its holdings in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after purchasing an additional 12,499 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

C has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Truist Financial cut their price target on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Oppenheimer reissued an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. Bank of America dropped their target price on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Evercore ISI lowered their price target on Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $83.97.

Citigroup Trading Up 0.4%

C stock traded up $0.27 on Thursday, hitting $75.30. 5,249,391 shares of the company were exchanged, compared to its average volume of 14,514,927. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $140.64 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The business's fifty day moving average is $68.85 and its two-hundred day moving average is $72.36.

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

Citigroup Dividend Announcement

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

Insiders Place Their Bets

In other news, Director John Cunningham Dugan sold 4,417 shares of the 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 transaction, the director now owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.08% of the stock is currently owned by company insiders.

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.