Jaffetilchin Investment Partners LLC Purchases 4,787 Shares of Citigroup Inc. (NYSE:C)

Jaffetilchin Investment Partners LLC increased its position in Citigroup Inc. (NYSE:C - Free Report) by 94.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,865 shares of the company's stock after buying an additional 4,787 shares during the period. Jaffetilchin Investment Partners LLC's holdings in Citigroup were worth $700,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Citigroup by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 40,587,155 shares of the company's stock valued at $2,853,484,000 after buying an additional 667,357 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Citigroup by 2.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,561,690 shares of the company's stock worth $2,714,359,000 after acquiring an additional 815,003 shares during the period. FMR LLC lifted its stake in Citigroup by 29.7% in the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock worth $2,418,754,000 after acquiring an additional 7,863,718 shares during the period. Franklin Resources Inc. lifted its position in shares of Citigroup by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock worth $2,311,048,000 after purchasing an additional 2,804,850 shares during the period. Finally, Capital World Investors lifted its holdings in 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 buying an additional 25,705,141 shares during the period. Institutional investors own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

C has been the subject of a number of research reports. Morgan Stanley lifted their price target on Citigroup from $90.00 to $94.00 and gave the stock an "overweight" rating in a research report on Monday, June 23rd. JPMorgan Chase & Co. lowered their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Bank of America lifted their target price on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday. Evercore ISI reduced their price objective on shares of 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, Wall Street Zen downgraded Citigroup from a "hold" rating to a "sell" rating in a research note on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.03.

Insider Activity

In related news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the sale, the director now owns 13,048 shares in the company, valued at $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.

Citigroup Price Performance

NYSE C traded up $0.04 on Friday, reaching $84.41. 21,831,230 shares of the stock traded hands, compared to its average volume of 14,571,706. The firm's fifty day simple moving average is $74.53 and its 200 day simple moving average is $73.63. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. The company has a market cap of $157.66 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 0.65 and a beta of 1.33. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.79.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating 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 return on equity of 6.94% and a net margin of 7.95%. As a group, research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal 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. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Monday, May 5th. Citigroup's payout ratio is 35.39%.

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.