Earned Wealth Advisors LLC purchased a new position in Citigroup Inc. (NYSE:C - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,705 shares of the company's stock, valued at approximately $405,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in Citigroup in the fourth quarter worth about $28,000. MorganRosel Wealth Management LLC bought a new stake in shares of Citigroup in the 1st quarter worth approximately $28,000. American National Bank & Trust acquired a new position in Citigroup during the 1st quarter valued at approximately $29,000. Mascagni Wealth Management Inc. bought a new position in Citigroup during the 4th quarter worth $34,000. Finally, HHM Wealth Advisors LLC increased its position in Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company's stock worth $37,000 after buying an additional 467 shares during the period. 71.72% of the stock is owned by institutional investors.
Citigroup Stock Up 0.8%
NYSE C traded up $0.72 during trading on Wednesday, hitting $92.24. 13,129,038 shares of the company traded hands, compared to its average volume of 16,771,222. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $96.90. The business has a fifty day simple moving average of $85.06 and a 200 day simple moving average of $77.15. The company has a market capitalization of $172.28 billion, a P/E ratio of 13.52, a PEG ratio of 0.79 and a beta of 1.38. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.61.
Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The firm had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same period in the previous year, the company earned $1.52 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.
Citigroup Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, August 4th. This is a positive change from Citigroup's previous quarterly dividend of $0.56. Citigroup's payout ratio is presently 35.45%.
Insider Activity at Citigroup
In other news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred 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 sale, the director owned 2,140 shares of the company's stock, 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 the SEC website. Corporate insiders own 0.08% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued a "buy" rating on shares of Citigroup in a research note on Wednesday, July 16th. Royal Bank Of Canada lowered their target price on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. UBS Group reiterated a "neutral" rating and set a $89.00 price target on shares of Citigroup in a research report on Tuesday, July 15th. Wells Fargo & Company increased their target price on shares of Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, The Goldman Sachs Group raised their price objective on shares of Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.54.
Check Out Our Latest Stock Report on Citigroup
Citigroup Company Profile
(
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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