Citigroup Inc. (NYSE:C) Shares Bought by First Business Financial Services Inc.

First Business Financial Services Inc. grew its position in Citigroup Inc. (NYSE:C - Free Report) by 7.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,303 shares of the company's stock after purchasing an additional 3,304 shares during the quarter. First Business Financial Services Inc.'s holdings in Citigroup were worth $3,216,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in C. Brighton Jones LLC raised its position in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after acquiring an additional 12,499 shares during the period. Proficio Capital Partners LLC purchased a new stake in Citigroup during the 4th quarter valued at about $274,000. Choate Investment Advisors grew its stake in Citigroup by 21.6% during the 4th quarter. Choate Investment Advisors now owns 7,986 shares of the company's stock valued at $562,000 after acquiring an additional 1,420 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Citigroup by 9.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 74,215 shares of the company's stock valued at $5,224,000 after acquiring an additional 6,340 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of Citigroup by 3.9% in the 4th quarter. Corient Private Wealth LLC now owns 467,474 shares of the company's stock valued at $32,442,000 after buying an additional 17,590 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Up 0.1%

Shares of NYSE C traded up $0.06 during mid-day trading on Friday, reaching $93.15. The company had a trading volume of 9,502,597 shares, compared to its average volume of 14,653,332. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.61. The firm has a 50 day simple moving average of $79.99 and a two-hundred day simple moving average of $75.29. The stock has a market cap of $173.98 billion, a P/E ratio of 13.76, a PEG ratio of 0.70 and a beta of 1.34. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $93.79.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The company had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. During the same period last year, the firm posted $1.52 EPS. Citigroup's revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Monday, August 4th. This is a boost from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio (DPR) is 33.09%.

Analysts Set New Price Targets

Several analysts have recently weighed in on C shares. Wall Street Zen cut shares of Citigroup from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Morgan Stanley upped their price objective on shares of Citigroup from $103.00 to $107.00 and gave the stock an "overweight" rating in a report on Wednesday. Royal Bank Of Canada decreased their price objective on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their target price on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, Barclays increased their price objective on shares of Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $96.46.

Insider Activity at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the firm's 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 sale, the director owned 13,048 shares in the company, valued at $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by company insiders.

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.