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

Wealth Effects LLC boosted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 52.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,600 shares of the company's stock after acquiring an additional 4,650 shares during the quarter. Wealth Effects LLC's holdings in Citigroup were worth $965,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tyche Wealth Partners LLC lifted its stake in shares of Citigroup by 30.7% in the 1st quarter. Tyche Wealth Partners LLC now owns 5,958 shares of the company's stock worth $423,000 after acquiring an additional 1,400 shares during the period. HBK Sorce Advisory LLC raised its holdings in Citigroup by 19.3% during the first quarter. HBK Sorce Advisory LLC now owns 14,086 shares of the company's stock worth $1,000,000 after purchasing an additional 2,283 shares in the last quarter. Golden State Wealth Management LLC lifted its position in Citigroup by 117.6% in the first quarter. Golden State Wealth Management LLC now owns 6,279 shares of the company's stock valued at $446,000 after purchasing an additional 3,394 shares during the period. Aurora Private Wealth Inc. lifted its position in Citigroup by 50.3% in the first quarter. Aurora Private Wealth Inc. now owns 8,204 shares of the company's stock valued at $582,000 after purchasing an additional 2,746 shares during the period. Finally, waypoint wealth counsel purchased a new stake in Citigroup in the 1st quarter valued at approximately $237,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Price Performance

Shares of Citigroup stock traded up $1.83 on Thursday, hitting $84.46. The company's stock had a trading volume of 18,553,929 shares, compared to its average volume of 14,542,582. The company has a market capitalization of $157.75 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 0.63 and a beta of 1.33. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.78. The firm has a fifty day moving average price of $73.68 and a 200-day moving average price of $73.45. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. The company had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. On average, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 target price (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Truist Financial dropped their price objective on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Bank of America raised their target price on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday. Oppenheimer restated an "outperform" rating on shares of Citigroup in a research report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating and eleven have given 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 price target of $84.03.

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 transaction, the director now directly owns 13,048 shares in the company, valued at approximately $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.08% of the stock is currently owned by company insiders.

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.