Citigroup Inc. (NYSE:C) Shares Purchased by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. increased its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 41.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,470 shares of the company's stock after purchasing an additional 28,430 shares during the period. Strategic Wealth Partners Ltd.'s holdings in Citigroup were worth $6,791,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in C. Core Alternative Capital boosted its position in Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after buying an additional 171 shares during the last quarter. Webster Bank N. A. boosted its position in Citigroup by 150.0% in the 4th quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after buying an additional 300 shares during the last quarter. Creative Capital Management Investments LLC purchased a new position in Citigroup in the 4th quarter valued at about $35,000. Sierra Ocean LLC purchased a new position in Citigroup in the 4th quarter valued at about $37,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Citigroup in the 4th quarter valued at about $39,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Shares of NYSE:C traded down $2.46 during trading hours on Wednesday, hitting $73.44. The stock had a trading volume of 17,137,591 shares, compared to its average volume of 14,527,570. The stock's fifty day simple moving average is $68.46 and its 200 day simple moving average is $72.09. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. The firm has a market capitalization of $137.17 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.64 and a beta of 1.30. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating 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 company had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.05%. Citigroup's dividend payout ratio is presently 35.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Evercore ISI reduced their price target on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a research report on Tuesday. Morgan Stanley reduced their price target on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Finally, TD Cowen assumed coverage on shares of Citigroup in a research report on Thursday, May 15th. They set a "hold" rating and a $83.00 price target on the stock. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $83.97.

Insider Activity at Citigroup

In other Citigroup 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 value of $301,504.42. Following the transaction, the director now owns 13,048 shares in the company, 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 filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.08% of the company's stock.

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.