J.W. Cole Advisors Inc. Buys 14,101 Shares of Citigroup Inc. (NYSE:C)

J.W. Cole Advisors Inc. increased its stake in Citigroup Inc. (NYSE:C - Free Report) by 112.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,695 shares of the company's stock after acquiring an additional 14,101 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Citigroup were worth $1,895,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of Citigroup during the fourth quarter valued at $28,000. MorganRosel Wealth Management LLC purchased a new position in Citigroup in the first quarter valued at about $28,000. American National Bank & Trust purchased a new position in Citigroup in the first quarter valued at about $29,000. Mascagni Wealth Management Inc. purchased a new position in Citigroup in the fourth quarter valued at about $34,000. Finally, Whipplewood Advisors LLC grew its stake in Citigroup by 79.2% in the first quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock valued at $40,000 after purchasing an additional 252 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Performance

Shares of NYSE C traded up $0.65 during trading hours on Friday, hitting $96.04. 13,537,763 shares of the company's stock were exchanged, compared to its average volume of 16,283,003. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $96.90. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.98. The stock has a market capitalization of $179.37 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 0.83 and a beta of 1.34. The company's 50-day moving average price is $82.36 and its 200-day moving average price is $76.27.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The business had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be issued a $0.60 dividend. This is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.40 annualized dividend and a yield of 2.50%. Citigroup's dividend payout ratio is 33.09%.

Analyst Ratings Changes

A number of brokerages have commented on C. Cowen began coverage on Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating on the stock. Barclays boosted their target price on Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Wells Fargo & Company boosted their target price on Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Truist Financial boosted their target price on Citigroup from $93.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Dbs Bank raised Citigroup from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and a consensus target price of $96.46.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction that occurred on 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 transaction, the director owned 13,048 shares of the company's stock, valued at $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the transaction, the director directly owned 2,140 shares of the company's stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company's stock.

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.