Citigroup Inc. (NYSE:C) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,316 shares of the company's stock after acquiring an additional 8,789 shares during the period. Illinois Municipal Retirement Fund's holdings in Citigroup were worth $13,724,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Orion Capital Management LLC bought a new stake in shares of Citigroup in the 4th quarter worth about $28,000. American National Bank & Trust bought a new stake in Citigroup in the first quarter worth about $29,000. Mascagni Wealth Management Inc. purchased a new position in shares of Citigroup during the fourth quarter valued at approximately $34,000. Runnymede Capital Advisors Inc. bought a new position in shares of Citigroup during the fourth quarter valued at approximately $39,000. Finally, Whipplewood Advisors LLC grew its stake in shares of Citigroup by 79.2% during the first quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock valued at $40,000 after buying an additional 252 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on C. The Goldman Sachs Group restated a "buy" rating on shares of Citigroup in a report on Tuesday. Evercore ISI cut their price target on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Bank of America raised their price target on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday. Oppenheimer reissued an "outperform" rating on shares of Citigroup in a research report on Tuesday, May 20th. Finally, TD Cowen assumed coverage on shares of Citigroup in a research report on Thursday, May 15th. They set a "hold" rating and a $83.00 target price on the stock. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and a consensus price target of $84.03.

Citigroup Stock Up 0.0%

C stock traded up $0.04 during trading on Friday, reaching $84.41. 21,831,230 shares of the company traded hands, compared to its average volume of 14,580,442. The business has a 50 day simple moving average of $74.10 and a 200 day simple moving average of $73.53. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.90. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $157.66 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33.

Citigroup (NYSE:C - Get Free Report) last released 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. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The business had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. On average, equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share 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 given a dividend of $0.56 per share. The ex-dividend date was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.65%. Citigroup's payout ratio is 35.39%.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction dated 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 sale, the director now owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by insiders.

Citigroup Company 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.