Castlekeep Investment Advisors LLC Has $2.74 Million Stock Position in Citigroup Inc. (NYSE:C)

Castlekeep Investment Advisors LLC increased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 63.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,566 shares of the company's stock after buying an additional 15,020 shares during the quarter. Citigroup comprises about 1.4% of Castlekeep Investment Advisors LLC's holdings, making the stock its 15th largest position. Castlekeep Investment Advisors LLC's holdings in Citigroup were worth $2,738,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Orion Capital Management LLC acquired a new stake in Citigroup in the fourth quarter valued at about $28,000. MorganRosel Wealth Management LLC acquired a new stake in Citigroup in the first quarter valued at about $28,000. American National Bank & Trust acquired a new stake in Citigroup in the first quarter valued at about $29,000. Mascagni Wealth Management Inc. acquired a new stake in Citigroup in the fourth quarter valued at about $34,000. Finally, Cornerstone Planning Group LLC lifted its position in Citigroup by 68.2% in the first quarter. Cornerstone Planning Group LLC now owns 577 shares of the company's stock valued at $38,000 after purchasing an additional 234 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 13,048 shares of the company's stock, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Stock Performance

Shares of NYSE:C traded up $3.05 during trading on Tuesday, reaching $90.55. 39,252,658 shares of the company's stock traded hands, compared to its average volume of 14,636,560. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $91.79. The company has a 50 day moving average of $79.16 and a 200-day moving average of $75.03. The stock has a market capitalization of $169.12 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 0.69 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. Citigroup's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 EPS. On average, equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, August 4th. This is a positive change from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 2.65%. Citigroup's dividend payout ratio is currently 35.39%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on C shares. Piper Sandler reiterated an "overweight" rating and set a $77.00 price target (down from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Wall Street Zen downgraded Citigroup from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. TD Cowen started coverage on Citigroup in a research report on Thursday, May 15th. They set a "hold" rating and a $83.00 price objective for the company. Cowen started coverage on Citigroup in a research report on Wednesday, May 14th. They set a "hold" rating for the company. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 price objective (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and a consensus price target of $87.97.

About Citigroup

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.