Kingswood Wealth Advisors LLC Has $1.61 Million Stock Position in Citigroup Inc. (NYSE:C)

Kingswood Wealth Advisors LLC boosted its stake in Citigroup Inc. (NYSE:C - Free Report) by 102.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,732 shares of the company's stock after acquiring an additional 11,492 shares during the period. Kingswood Wealth Advisors LLC's holdings in Citigroup were worth $1,608,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in Citigroup by 3.4% during the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock worth $24,844,000 after purchasing an additional 11,674 shares during the period. Invesco Ltd. boosted its holdings in shares of Citigroup by 13.8% during the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock worth $1,143,633,000 after buying an additional 1,970,300 shares in the last quarter. Candriam S.C.A. boosted its holdings in shares of Citigroup by 12.7% during the 4th quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock worth $14,139,000 after buying an additional 22,657 shares in the last quarter. Brighton Jones LLC grew its position in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after buying an additional 12,499 shares during the period. Finally, Unified Investment Management bought a new stake in shares of Citigroup in the 4th quarter valued at $658,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Trading Up 1.2%

NYSE C opened at $78.28 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. The business has a fifty day simple moving average of $72.27 and a 200 day simple moving average of $73.21. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. The firm has a market capitalization of $146.20 billion, a P/E ratio of 12.37, a PEG ratio of 0.60 and a beta of 1.33.

Citigroup (NYSE:C - Get Free Report) last announced its 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 company had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. On average, analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced 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 of this dividend was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.86%. Citigroup's payout ratio is presently 35.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on C shares. The Goldman Sachs Group raised their price target on shares of Citigroup from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Oppenheimer reissued an "outperform" rating on shares of Citigroup in a research report on Tuesday, May 20th. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. TD Cowen began coverage on Citigroup in a research report on Thursday, May 15th. They issued a "hold" rating and a $83.00 target price for the company. Finally, Piper Sandler reiterated 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. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Citigroup currently has an average rating of "Moderate Buy" and a consensus price target of $84.30.

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 transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is currently owned by corporate 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.

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