Griffith & Werner Inc. Purchases Shares of 72,654 Citigroup Inc. (NYSE:C)

Griffith & Werner Inc. purchased a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 72,654 shares of the company's stock, valued at approximately $5,114,000. Citigroup makes up 3.4% of Griffith & Werner Inc.'s portfolio, making the stock its 9th largest position.

Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Citigroup during the fourth quarter worth $1,935,599,000. Capital World Investors lifted its holdings in shares of Citigroup by 455.2% during the fourth quarter. Capital World Investors now owns 31,352,582 shares of the company's stock worth $2,206,908,000 after purchasing an additional 25,705,141 shares during the period. FMR LLC lifted its holdings in shares of Citigroup by 29.7% during the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock worth $2,418,754,000 after purchasing an additional 7,863,718 shares during the period. Swedbank AB lifted its holdings in shares of Citigroup by 90.2% during the fourth quarter. Swedbank AB now owns 8,326,745 shares of the company's stock worth $586,120,000 after purchasing an additional 3,947,912 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Citigroup during the fourth quarter worth $198,231,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Activity

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction that occurred 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 completion of the sale, the director now directly owns 13,048 shares in the company, valued at $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.08% of the company's stock.

Citigroup Stock Performance

C traded up $0.40 on Thursday, hitting $75.43. The company's stock had a trading volume of 5,573,061 shares, compared to its average volume of 14,516,576. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. 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 firm has a market cap of $140.88 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. The company's 50 day simple moving average is $68.85 and its 200-day simple moving average is $72.36.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were given a dividend of $0.56 per share. The ex-dividend date was Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 2.97%. Citigroup's dividend payout ratio (DPR) is currently 35.39%.

Wall Street Analysts Forecast Growth

C has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Wall Street Zen downgraded shares of Citigroup from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Evercore ISI lowered their target price on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. JPMorgan Chase & Co. cut their target price on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, Royal Bank of Canada decreased their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Citigroup currently has an average rating of "Moderate Buy" and a consensus target price 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.