Farther Finance Advisors LLC Raises Stock Holdings in Citigroup Inc. (NYSE:C)

Farther Finance Advisors LLC lifted its position in Citigroup Inc. (NYSE:C - Free Report) by 28.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,914 shares of the company's stock after buying an additional 6,242 shares during the quarter. Farther Finance Advisors LLC's holdings in Citigroup were worth $1,969,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of C. Core Alternative Capital boosted its holdings in Citigroup by 83.4% in the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares during the period. Orion Capital Management LLC purchased a new position in shares of Citigroup in the 4th quarter valued at about $28,000. American National Bank & Trust purchased a new position in shares of Citigroup in the 1st quarter valued at about $29,000. Mascagni Wealth Management Inc. acquired a new position in shares of Citigroup during the fourth quarter worth about $34,000. Finally, Creative Capital Management Investments LLC purchased a new stake in shares of Citigroup during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Stock Performance

Shares of C traded down $1.93 during mid-day trading on Friday, reaching $76.30. 11,986,532 shares of the company's stock were exchanged, compared to its average volume of 14,546,749. The business's fifty day simple moving average is $71.01 and its 200-day simple moving average is $73.01. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The stock has a market capitalization of $142.51 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C - Get Free Report) last announced 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, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Monday, May 5th. Citigroup's payout ratio is currently 35.39%.

Insiders Place Their Bets

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director now owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

C has been the subject of a number of recent research reports. Cowen began coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating for the company. Evercore ISI decreased their price objective on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Oppenheimer reissued an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, The Goldman Sachs Group upped their price objective on Citigroup from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $84.30.

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.