Citigroup Inc. (NYSE:C) Shares Acquired by Forum Financial Management LP

Forum Financial Management LP raised its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,338 shares of the company's stock after buying an additional 5,089 shares during the period. Forum Financial Management LP's holdings in Citigroup were worth $2,135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Citigroup in the fourth quarter valued at $1,935,599,000. Capital World Investors increased its holdings in Citigroup by 455.2% in the fourth quarter. Capital World Investors now owns 31,352,582 shares of the company's stock valued at $2,206,908,000 after buying an additional 25,705,141 shares during the last quarter. FMR LLC increased its holdings in Citigroup by 29.7% in the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after buying an additional 7,863,718 shares during the last quarter. Swedbank AB increased its holdings in Citigroup by 90.2% in the fourth quarter. Swedbank AB now owns 8,326,745 shares of the company's stock valued at $586,120,000 after buying an additional 3,947,912 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Citigroup in the fourth quarter valued at $198,231,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction 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 in the company, valued at $890,656.48. The trade was a 25.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.

Citigroup Trading Up 3.2%

C stock traded up $2.33 during midday trading on Tuesday, hitting $75.42. The stock had a trading volume of 12,142,676 shares, compared to its average volume of 14,544,589. The firm has a market cap of $140.86 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74. The company's 50-day moving average price is $68.71 and its 200 day moving average price is $72.32.

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

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were given a dividend of $0.56 per share. 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 2.97%. Citigroup's dividend payout ratio (DPR) is 35.39%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Royal Bank of Canada dropped their target price on 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. dropped their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Oppenheimer reissued an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. The Goldman Sachs Group dropped their price objective on Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Finally, TD Cowen assumed coverage on Citigroup in a report on Thursday, May 15th. They set a "hold" rating and a $83.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Citigroup presently has an average rating of "Moderate Buy" and an average target price of $83.97.

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.