Pallas Capital Advisors LLC Raises Stake in Citigroup Inc. (NYSE:C)

Pallas Capital Advisors LLC boosted its position in Citigroup Inc. (NYSE:C - Free Report) by 62.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,964 shares of the company's stock after acquiring an additional 11,853 shares during the period. Pallas Capital Advisors LLC's holdings in Citigroup were worth $2,198,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of C. Brighton Jones LLC grew its stake in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after purchasing an additional 12,499 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Citigroup in the 4th quarter valued at $10,400,000. Strategic Financial Concepts LLC bought a new stake in shares of Citigroup in the 4th quarter valued at $2,954,000. Vest Financial LLC raised its stake in Citigroup by 14.3% during the 4th quarter. Vest Financial LLC now owns 8,923 shares of the company's stock worth $628,000 after buying an additional 1,118 shares during the period. Finally, Kingsview Wealth Management LLC lifted its holdings in Citigroup by 4.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 16,946 shares of the company's stock worth $1,193,000 after acquiring an additional 760 shares in the last quarter. Institutional investors own 71.72% of the company's stock.

Insider Transactions at Citigroup

In other Citigroup 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 transaction of $301,504.42. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.08% of the company's stock.

Citigroup Trading Down 1.6%

NYSE:C traded down $1.24 during trading hours on Friday, hitting $76.99. 2,786,605 shares of the company were exchanged, compared to its average volume of 14,474,517. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $143.79 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. The company has a fifty day simple moving average of $70.65 and a 200 day simple moving average of $72.96.

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

Citigroup Announces Dividend

The business also recently declared 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 2.91%. The ex-dividend date was Monday, May 5th. Citigroup's payout ratio is currently 35.39%.

Analyst Ratings Changes

C has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price target on Citigroup from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday. Evercore ISI cut 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 note on Tuesday, April 1st. Bank of America lowered their price objective on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a research note on Tuesday, May 20th. Finally, Morgan Stanley cut their price target on Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.