Daymark Wealth Partners LLC Has $765,000 Stock Position in Citigroup Inc. (NYSE:C)

Daymark Wealth Partners LLC lifted its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 268.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,778 shares of the company's stock after buying an additional 7,851 shares during the quarter. Daymark Wealth Partners LLC's holdings in Citigroup were worth $765,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in C. Brighton Jones LLC grew its holdings in shares of Citigroup by 166.9% during the 4th 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 purchased a new position in shares of Citigroup during the 4th quarter worth approximately $10,400,000. Kingsview Wealth Management LLC lifted its stake 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 purchasing an additional 760 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Citigroup by 18.1% during the fourth quarter. Empowered Funds LLC now owns 48,607 shares of the company's stock worth $3,421,000 after buying an additional 7,436 shares during the period. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Citigroup by 49.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 41,696 shares of the company's stock valued at $2,935,000 after buying an additional 13,816 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on C. Truist Financial lowered their price objective on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Bank of America cut their target price on Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. dropped their price target on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. Finally, TD Cowen began coverage on shares of Citigroup in a research note on Thursday, May 15th. They set a "hold" rating and a $83.00 price objective on the stock. 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $84.30.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Price Performance

Citigroup stock traded down $0.73 during mid-day trading on Thursday, hitting $77.65. The company's stock had a trading volume of 2,324,372 shares, compared to its average volume of 14,505,856. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The stock has a market capitalization of $145.03 billion, a P/E ratio of 13.05, a P/E/G ratio of 0.64 and a beta of 1.33. The stock's fifty day moving average price is $70.26 and its two-hundred day moving average price is $72.91.

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

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were given a $0.56 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.88%. Citigroup's dividend payout ratio is 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.