Donoghue Forlines LLC raised its stake in Citigroup Inc. (NYSE:C - Free Report) by 152.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,544 shares of the company's stock after purchasing an additional 32,947 shares during the quarter. Citigroup accounts for 1.2% of Donoghue Forlines LLC's investment portfolio, making the stock its 8th biggest holding. Donoghue Forlines LLC's holdings in Citigroup were worth $3,872,000 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. Orion Capital Management LLC purchased a new stake in shares of Citigroup in the fourth quarter valued at approximately $28,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Citigroup in the first quarter valued at approximately $28,000. American National Bank & Trust purchased a new stake in shares of Citigroup in the first quarter valued at approximately $29,000. Accent Capital Management LLC boosted its stake in shares of Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after buying an additional 212 shares in the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Citigroup in the fourth quarter valued at approximately $34,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.
Citigroup Stock Up 1.7%
C traded up $1.56 on Friday, reaching $92.79. The company's stock had a trading volume of 10,764,944 shares, compared to its average volume of 17,127,052. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. The business's 50 day moving average is $86.07 and its 200 day moving average is $77.34. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $96.90. The stock has a market cap of $170.82 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 0.80 and a beta of 1.38.
Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The company had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter last year, the business posted $1.52 EPS. Citigroup's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.
Citigroup Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be given a $0.60 dividend. The ex-dividend date is Monday, August 4th. This represents a $2.40 annualized dividend and a yield of 2.6%. This is an increase from Citigroup's previous quarterly dividend of $0.56. Citigroup's payout ratio is 35.45%.
Analyst Upgrades and Downgrades
C has been the subject of a number of analyst reports. Royal Bank Of Canada cut their price target on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. Dbs Bank raised Citigroup from a "hold" rating to a "moderate buy" rating in a report on Thursday, July 17th. Keefe, Bruyette & Woods reissued a "buy" rating on shares of Citigroup in a report on Wednesday, July 16th. Morgan Stanley boosted their price target on Citigroup from $103.00 to $107.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company boosted their price target on Citigroup from $110.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $96.54.
Get Our Latest Report on Citigroup
Insider Buying and Selling
In other news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the transaction, the director directly owned 2,140 shares in the company, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is currently owned by corporate insiders.
Citigroup Profile
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Free Report)
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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