Fort Washington Investment Advisors Inc. OH Has $27.73 Million Stock Position in Citigroup Inc. (NYSE:C)

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 3.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,584 shares of the company's stock after buying an additional 13,237 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in Citigroup were worth $27,728,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Orion Capital Management LLC bought a new stake in Citigroup during the 4th quarter worth approximately $28,000. American National Bank & Trust bought a new stake in shares of Citigroup during the first quarter valued at approximately $29,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Citigroup in the fourth quarter valued at approximately $34,000. Creative Capital Management Investments LLC bought a new position in Citigroup in the 4th quarter worth approximately $35,000. Finally, Sierra Ocean LLC acquired a new position in Citigroup during the 4th quarter worth $37,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Activity at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director now directly owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on C shares. Morgan Stanley dropped their price objective on Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Bank of America cut their price objective on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Cowen assumed coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating on the stock. Finally, Truist Financial dropped their target price on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.30.

Citigroup Trading Down 2.5%

C stock traded down $1.93 during midday trading on Friday, hitting $76.30. 11,986,532 shares of the company's stock were exchanged, compared to its average volume of 14,530,521. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $142.51 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. The stock's fifty day moving average price is $70.65 and its 200-day moving average price is $72.96.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Monday, May 5th. Citigroup's dividend payout ratio is currently 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.