Easterly Investment Partners LLC Has $20.10 Million Position in Citigroup Inc. (NYSE:C)

Easterly Investment Partners LLC increased its stake in Citigroup Inc. (NYSE:C - Free Report) by 10.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 283,093 shares of the company's stock after purchasing an additional 25,665 shares during the quarter. Citigroup makes up approximately 1.7% of Easterly Investment Partners LLC's investment portfolio, making the stock its 9th biggest position. Easterly Investment Partners LLC's holdings in Citigroup were worth $20,097,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of C. Orion Capital Management LLC bought a new stake in Citigroup during the fourth quarter valued at about $28,000. MorganRosel Wealth Management LLC bought a new stake in Citigroup during the first quarter valued at about $28,000. American National Bank & Trust bought a new stake in Citigroup during the first quarter valued at about $29,000. Mascagni Wealth Management Inc. purchased a new position in shares of Citigroup during the fourth quarter valued at about $34,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Citigroup by 68.2% during 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 in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Trading Up 0.4%

C traded up $0.35 on Friday, hitting $93.44. The company had a trading volume of 16,590,582 shares, compared to its average volume of 14,679,735. 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 company has a market cap of $174.52 billion, a PE ratio of 13.80, a PEG ratio of 0.70 and a beta of 1.34. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $93.79. The business's fifty day simple moving average is $79.99 and its 200 day simple moving average is $75.29.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. The business had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 earnings per share. Equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

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

Insider Activity

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup 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 owned 13,048 shares of the company's stock, valued at approximately $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director directly owned 2,140 shares of the company's stock, valued at $193,456. This represents a 58.37% decrease in their position. The disclosure for this sale can be found here. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Cowen assumed coverage on Citigroup in a research report on Wednesday, May 14th. They set a "hold" rating for the company. Evercore ISI set a $77.00 price objective on Citigroup in a research report on Monday, July 7th. Oppenheimer set a $123.00 price objective on Citigroup and gave the company an "outperform" rating in a research report on Wednesday. Morgan Stanley raised their price objective on Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Bank of America raised their price objective on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.46.

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.