Citigroup Inc. (NYSE:C) Shares Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC grew its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 169,586 shares of the company's stock after purchasing an additional 6,252 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Citigroup were worth $12,039,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Orion Capital Management LLC acquired a new position in shares of Citigroup during the 4th quarter valued at about $28,000. American National Bank & Trust acquired a new position in shares of Citigroup during the 1st quarter valued at about $29,000. Mascagni Wealth Management Inc. acquired a new position in shares of Citigroup during the 4th quarter valued at about $34,000. Creative Capital Management Investments LLC acquired a new position in shares of Citigroup during the 4th quarter valued at about $35,000. Finally, Sierra Ocean LLC acquired a new position in shares of Citigroup during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Trading Down 2.5%

NYSE:C traded down $1.93 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. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The firm has a market capitalization of $142.51 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The business has a fifty day moving average of $71.01 and a 200-day moving average of $73.03.

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

Citigroup Announces Dividend

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

Analyst Ratings Changes

C has been the topic of several research analyst reports. Oppenheimer restated an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. Evercore ISI reduced their price objective on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Morgan Stanley reduced their price objective on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Cowen initiated coverage on shares of Citigroup in a report on Wednesday, May 14th. They issued a "hold" rating on the stock. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price objective (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $84.30.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director now directly 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 SEC, which is available through this hyperlink. Corporate insiders own 0.08% of the company's stock.

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.