72,654 Shares in Citigroup Inc. (NYSE:C) Bought by Griffith & Werner Inc.

Griffith & Werner Inc. acquired a new stake in Citigroup Inc. (NYSE:C - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 biggest position.

A number of other large investors have also made changes to their positions in C. Core Alternative Capital lifted its position in Citigroup by 83.4% during the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after buying an additional 171 shares during the period. Orion Capital Management LLC purchased a new position in Citigroup in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new position in Citigroup during the 4th quarter worth approximately $35,000. Webster Bank N. A. lifted its position in shares of Citigroup by 150.0% during the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after purchasing an additional 300 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in Citigroup in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. The Goldman Sachs Group reduced their target price on Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. TD Cowen began coverage on Citigroup in a report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price target for the company. Piper Sandler restated an "overweight" rating and set a $77.00 price objective (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Morgan Stanley dropped their target price on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $83.97.

Citigroup Stock Up 3.2%

NYSE:C traded up $2.33 on Tuesday, hitting $75.42. 12,142,676 shares of the company's stock traded hands, compared to its average volume of 14,544,589. The company 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. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm has a 50-day moving average price of $68.71 and a 200-day moving average price of $72.32.

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

Citigroup Announces Dividend

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

Insider Activity

In related news, Director John Cunningham Dugan sold 4,417 shares of the company'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 completion of the sale, the director now directly owns 13,048 shares in the company, valued at approximately $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.08% of the stock is owned by insiders.

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.