Edmp Inc. Takes Position in Citigroup Inc. (NYSE:C)

Edmp Inc. purchased a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,369 shares of the company's stock, valued at approximately $665,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Orion Capital Management LLC acquired a new position in shares of Citigroup during the fourth quarter worth approximately $28,000. American National Bank & Trust bought a new position in Citigroup in the 1st quarter worth approximately $29,000. Mascagni Wealth Management Inc. acquired a new position in Citigroup during the 4th quarter worth $34,000. Runnymede Capital Advisors Inc. bought a new position in Citigroup in the 4th quarter valued at $39,000. Finally, Whipplewood Advisors LLC boosted its position in Citigroup by 79.2% in the 1st quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock valued at $40,000 after buying an additional 252 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Oppenheimer restated an "outperform" rating on shares of Citigroup in a research report on Tuesday, May 20th. Truist Financial dropped their price objective on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. TD Cowen started coverage on shares of Citigroup in a research report on Thursday, May 15th. They set a "hold" rating and a $83.00 target price on the stock. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and a consensus price target of $83.30.

Insider Buying and Selling at Citigroup

In other Citigroup 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 approximately $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. Insiders own 0.08% of the company's stock.

Citigroup Trading Up 1.8%

Citigroup stock traded up $1.50 during midday trading on Wednesday, hitting $82.64. 13,093,715 shares of the stock were exchanged, compared to its average volume of 14,515,317. The stock has a market capitalization of $154.35 billion, a PE ratio of 13.06, a P/E/G ratio of 0.61 and a beta of 1.33. The company has a fifty day simple moving average of $73.27 and a two-hundred day simple moving average of $73.38. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The company had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. Equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal 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 paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.71%. Citigroup's payout ratio is 35.39%.

About Citigroup

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.