Citigroup Inc. (NYSE:C) Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 60.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 27,260 shares of the company's stock after purchasing an additional 10,314 shares during the quarter. Kingsview Wealth Management LLC's holdings in Citigroup were worth $1,935,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after buying an additional 12,499 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Citigroup in the fourth quarter worth approximately $274,000. Whittier Trust Co. raised its holdings in shares of Citigroup by 14.6% during the fourth quarter. Whittier Trust Co. now owns 41,212 shares of the company's stock valued at $2,900,000 after acquiring an additional 5,260 shares during the period. Summit Global Investments raised its holdings in shares of Citigroup by 104.3% during the fourth quarter. Summit Global Investments now owns 62,604 shares of the company's stock valued at $4,407,000 after acquiring an additional 31,964 shares during the period. Finally, Millstone Evans Group LLC purchased a new stake in shares of Citigroup in the 4th quarter valued at approximately $99,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the transaction, the director directly owned 2,140 shares of the company's stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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 disclosure for this sale can be found here. Company insiders own 0.08% of the company's stock.

Citigroup Trading Up 0.4%

Shares of Citigroup stock opened at $93.44 on Friday. The firm has a market capitalization of $174.52 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.68 and a beta of 1.34. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.98. The company's fifty day moving average price is $80.43 and its two-hundred day moving average price is $75.48. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $93.80.

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

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.57%. This is an increase from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Monday, August 4th. Citigroup's dividend payout ratio (DPR) is currently 35.45%.

Analysts Set New Price Targets

Several research firms have weighed in on C. Keefe, Bruyette & Woods reaffirmed a "buy" rating on shares of Citigroup in a research note on Wednesday. Royal Bank Of Canada decreased their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. UBS Group restated a "neutral" rating and set a $89.00 price target on shares of Citigroup in a report on Tuesday, July 15th. Barclays raised their price target on shares of Citigroup from $95.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Dbs Bank upgraded shares of Citigroup from a "hold" rating to a "moderate buy" rating in a report on Thursday. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, 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.

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