DSG Capital Advisors LLC Makes New $10.75 Million Investment in Citigroup Inc. (NYSE:C)

DSG Capital Advisors LLC bought a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 152,755 shares of the company's stock, valued at approximately $10,752,000. Citigroup makes up about 1.9% of DSG Capital Advisors LLC's portfolio, making the stock its 15th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Core Alternative Capital boosted its stake in shares of Citigroup by 83.4% in the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares during the period. Orion Capital Management LLC bought a new position in Citigroup during the 4th quarter valued at $28,000. Creative Capital Management Investments LLC bought a new position in Citigroup during the 4th quarter valued at $35,000. Webster Bank N. A. boosted its stake in Citigroup by 150.0% during the 4th quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after acquiring an additional 300 shares during the last quarter. Finally, Sierra Ocean LLC bought a new position in Citigroup during the 4th quarter valued at $37,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction that occurred on 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 owns 13,048 shares of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

C has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Citigroup from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. JPMorgan Chase & Co. reduced their price objective 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. Bank of America reduced their price objective on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Cowen began coverage on shares of Citigroup in a research report on Wednesday, May 14th. They issued a "hold" rating on the stock. Finally, Morgan Stanley reduced their price target on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. 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. According to data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and a consensus price target of $83.97.

Citigroup Price Performance

Citigroup stock traded down $0.23 during trading hours on Friday, hitting $75.30. 12,509,663 shares of the company traded hands, compared to its average volume of 14,579,475. The firm has a market cap of $140.64 billion, a P/E ratio of 12.66, a P/E/G ratio of 0.64 and a beta of 1.30. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm's 50-day simple moving average is $68.89 and its two-hundred day simple moving average is $72.44. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74.

Citigroup (NYSE:C - Get Free Report) last released its 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. The firm had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. As a group, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were paid 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 2.97%. Citigroup's payout ratio is 35.39%.

Citigroup 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.