Colonial River Investments LLC Makes New Investment in Citigroup Inc. (NYSE:C)

Colonial River Investments LLC bought a new position in Citigroup Inc. (NYSE:C - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,458 shares of the company's stock, valued at approximately $671,000.

A number of other hedge funds also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in Citigroup during the 4th quarter valued at about $28,000. American National Bank & Trust bought a new position in shares of Citigroup during the 1st quarter valued at $29,000. Mascagni Wealth Management Inc. bought a new position in shares of Citigroup during the 4th quarter valued at $34,000. Runnymede Capital Advisors Inc. bought a new position in Citigroup in the fourth quarter valued at about $39,000. Finally, Whipplewood Advisors LLC lifted its holdings in Citigroup by 79.2% in the first quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock valued at $40,000 after acquiring an additional 252 shares during the period. Institutional investors own 71.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on C. Royal Bank Of Canada decreased their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Oppenheimer restated an "outperform" rating on shares of Citigroup in a research note on Tuesday, May 20th. Wall Street Zen downgraded shares of Citigroup from a "hold" rating to a "sell" rating in a research report on Friday. Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 price objective (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Finally, Morgan Stanley raised their price target on Citigroup from $90.00 to $94.00 and gave the company an "overweight" rating in a report on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.03.

Insider Activity

In related 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 transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company's stock.

Citigroup Trading Up 0.0%

Shares of C opened at $84.41 on Friday. The company's fifty day moving average is $74.53 and its 200 day moving average is $73.62. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.79. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $157.66 billion, a PE ratio of 13.33, a P/E/G ratio of 0.65 and a beta of 1.33.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The firm had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. Sell-side 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. Stockholders of record on Monday, May 5th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Monday, May 5th. Citigroup's dividend payout ratio is currently 35.39%.

About Citigroup

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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