MidWestOne Financial Group Inc. Grows Holdings in Citigroup Inc. (NYSE:C)

MidWestOne Financial Group Inc. boosted its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 127.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,156 shares of the company's stock after buying an additional 5,123 shares during the quarter. MidWestOne Financial Group Inc.'s holdings in Citigroup were worth $644,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. True Wealth Design LLC increased its holdings in Citigroup by 11.1% during the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock valued at $84,000 after buying an additional 119 shares during the period. Continuum Advisory LLC boosted its stake in Citigroup by 1.9% in the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock valued at $459,000 after acquiring an additional 120 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC boosted its stake in Citigroup by 1.6% in the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock valued at $608,000 after acquiring an additional 135 shares in the last quarter. Hemington Wealth Management boosted its stake in Citigroup by 10.9% in the fourth quarter. Hemington Wealth Management now owns 1,387 shares of the company's stock valued at $97,000 after acquiring an additional 136 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Citigroup by 3.4% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock valued at $289,000 after acquiring an additional 137 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Shares of NYSE:C traded down $0.33 on Friday, hitting $73.09. 9,849,964 shares of the company were exchanged, compared to its average volume of 14,554,213. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. The stock's 50 day moving average price is $68.68 and its 200 day moving average price is $72.26. 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 capitalization of $136.52 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30.

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

Citigroup Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 3.06%. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction 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 transaction, the director now owns 13,048 shares of the company's stock, valued at $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 available at this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

C has been the subject of several recent analyst reports. Bank of America lowered their target price on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Cowen initiated coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating for the company. Royal Bank of Canada lowered their target price on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. Piper Sandler restated an "overweight" rating and issued a $77.00 target price (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Finally, Evercore ISI lowered their target price on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. One 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. Based on data from MarketBeat.com, Citigroup currently has an average rating of "Moderate Buy" and a consensus price target 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.