Griffith & Werner Inc. Purchases New Shares in Citigroup Inc. (NYSE:C)

Griffith & Werner Inc. purchased a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 72,654 shares of the company's stock, valued at approximately $5,114,000. Citigroup makes up approximately 3.4% of Griffith & Werner Inc.'s holdings, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of C. True Wealth Design LLC grew its stake in Citigroup by 11.1% in the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock valued at $84,000 after purchasing an additional 119 shares in the last quarter. Continuum Advisory LLC grew its stake in Citigroup by 1.9% in the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock valued at $459,000 after purchasing an additional 120 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC grew its stake in Citigroup by 1.6% in the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock valued at $608,000 after purchasing an additional 135 shares in the last quarter. Hemington Wealth Management lifted its position in shares of Citigroup by 10.9% in the fourth quarter. Hemington Wealth Management now owns 1,387 shares of the company's stock worth $97,000 after buying an additional 136 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Citigroup by 3.4% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock worth $289,000 after buying an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Insider Transactions at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This represents a 25.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.08% of the stock is currently owned by insiders.

Citigroup Stock Performance

Citigroup stock traded down $0.43 during trading hours on Wednesday, hitting $75.04. The stock had a trading volume of 9,978,060 shares, compared to its average volume of 14,526,396. The company has a 50-day moving average of $68.78 and a two-hundred day moving average of $72.34. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The company has a market cap of $140.15 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74.

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

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were issued 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 dividend yield of 2.99%. Citigroup's payout ratio is presently 35.39%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Bank of America reduced their price target on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Piper Sandler reaffirmed an "overweight" rating and issued a $77.00 price target (down previously from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Evercore ISI reduced their price target on Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Finally, Morgan Stanley cut their price objective on Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.97.

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.