3,485 Shares in Citigroup Inc. (NYSE:C) Acquired by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp purchased a new stake in Citigroup Inc. (NYSE:C - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,485 shares of the company's stock, valued at approximately $247,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of C. Brighton Jones LLC increased its stake in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after buying an additional 12,499 shares during the period. BankPlus Trust Department acquired a new position in Citigroup in the 4th quarter valued at $63,000. FourThought Financial Partners LLC acquired a new position in Citigroup in the 4th quarter valued at $437,000. Illinois Municipal Retirement Fund increased its stake in Citigroup by 20.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 184,527 shares of the company's stock valued at $12,989,000 after buying an additional 31,883 shares during the period. Finally, Lake Street Advisors Group LLC increased its stake in Citigroup by 4.1% in the 4th quarter. Lake Street Advisors Group LLC now owns 15,059 shares of the company's stock valued at $1,060,000 after buying an additional 598 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. TD Cowen assumed coverage on shares of Citigroup in a research note on Thursday, May 15th. They issued a "hold" rating and a $83.00 price objective on the stock. Truist Financial lowered their price target on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a research note on Tuesday, May 20th. Morgan Stanley upped their price target on shares of Citigroup from $90.00 to $94.00 and gave the stock an "overweight" rating in a research note on Monday, June 23rd. Finally, Cowen started coverage on shares of Citigroup in a research note on Wednesday, May 14th. They set a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $84.03.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup 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 completion of the sale, the director now directly owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by insiders.

Citigroup Price Performance

NYSE:C traded up $0.04 during mid-day trading on Friday, hitting $84.41. 21,831,230 shares of the company's stock traded hands, compared to its average volume of 14,571,706. 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 firm's 50 day simple moving average is $74.53 and its 200 day simple moving average is $73.64. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.79. The company has a market cap of $157.66 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.66 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, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $21.34 billion. Sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 2.65%. Citigroup's dividend payout ratio (DPR) is currently 35.39%.

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.