Golden State Wealth Management LLC Has $446,000 Stock Position in Citigroup Inc. (NYSE:C)

Golden State Wealth Management LLC lifted its stake in Citigroup Inc. (NYSE:C - Free Report) by 117.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,279 shares of the company's stock after purchasing an additional 3,394 shares during the period. Golden State Wealth Management LLC's holdings in Citigroup were worth $446,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Aurora Private Wealth Inc. grew its position in shares of Citigroup by 50.3% during the 1st quarter. Aurora Private Wealth Inc. now owns 8,204 shares of the company's stock worth $582,000 after buying an additional 2,746 shares during the period. waypoint wealth counsel bought a new position in Citigroup during the 1st quarter worth approximately $237,000. Riverbend Wealth Management LLC grew its holdings in Citigroup by 24.6% during the first quarter. Riverbend Wealth Management LLC now owns 13,632 shares of the company's stock valued at $968,000 after purchasing an additional 2,688 shares during the period. Daymark Wealth Partners LLC increased its stake in Citigroup by 268.2% in the first quarter. Daymark Wealth Partners LLC now owns 10,778 shares of the company's stock valued at $765,000 after purchasing an additional 7,851 shares in the last quarter. Finally, Golden State Equity Partners raised its holdings in Citigroup by 2.4% in the first quarter. Golden State Equity Partners now owns 21,512 shares of the company's stock worth $1,527,000 after purchasing an additional 499 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 now directly owns 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.08% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

C has been the subject of several research analyst reports. Bank of America boosted their price target on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday. The Goldman Sachs Group reissued a "buy" rating on shares of Citigroup in a research note on Tuesday. Royal Bank Of Canada dropped their price target on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. TD Cowen started coverage on Citigroup in a research report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price objective for the company. Finally, Morgan Stanley increased their target price on Citigroup from $90.00 to $94.00 and gave the stock an "overweight" rating in a research note on Monday. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.03.

Citigroup Trading Up 2.2%

Shares of NYSE:C opened at $84.46 on Friday. The company's 50-day moving average price is $74.10 and its two-hundred day moving average price is $73.53. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.80. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $157.75 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.12. The business had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. On average, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors 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 annualized dividend and a dividend yield of 2.65%. Citigroup's dividend payout ratio is presently 35.39%.

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.

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