Inscription Capital LLC Invests $2.12 Million in Citigroup Inc. (NYSE:C)

Inscription Capital LLC bought a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 29,878 shares of the company's stock, valued at approximately $2,121,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in shares of Citigroup in the fourth quarter worth approximately $28,000. American National Bank & Trust purchased a new position in Citigroup in the 1st quarter valued at $29,000. Mascagni Wealth Management Inc. acquired a new stake in Citigroup during the 4th quarter worth $34,000. Creative Capital Management Investments LLC purchased a new stake in shares of Citigroup during the fourth quarter worth $35,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Citigroup in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on C shares. Truist Financial lowered their price target on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Piper Sandler reaffirmed an "overweight" rating and issued a $77.00 price target (down previously from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. Cowen began coverage on Citigroup in a research note on Wednesday, May 14th. They set a "hold" rating on the stock. Finally, TD Cowen began coverage on Citigroup in a research note on Thursday, May 15th. They issued a "hold" rating and a $83.00 target price for the company. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.30.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the firm's 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 transaction, the director now owns 13,048 shares of the company's stock, valued at $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.08% of the company's stock.

Citigroup Trading Up 2.2%

Shares of C stock opened at $78.01 on Tuesday. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. The firm has a market cap of $145.71 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. The company has a 50-day moving average of $71.39 and a two-hundred day moving average of $73.10. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 7.43% and a return on equity of 6.62%. On average, analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were paid a $0.56 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.87%. Citigroup's payout ratio is presently 35.39%.

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.

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