Krilogy Financial LLC Invests $764,000 in Citigroup Inc. (NYSE:C)

Krilogy Financial LLC acquired a new position in shares of Citigroup Inc. (NYSE:C - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,761 shares of the company's stock, valued at approximately $764,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Relyea Zuckerberg Hanson LLC raised its position in shares of Citigroup by 3.1% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 5,791 shares of the company's stock worth $411,000 after acquiring an additional 176 shares during the period. Albert D Mason Inc. raised its position in shares of Citigroup by 23.7% in the first quarter. Albert D Mason Inc. now owns 3,662 shares of the company's stock worth $260,000 after acquiring an additional 702 shares during the period. NorthCrest Asset Manangement LLC raised its position in shares of Citigroup by 3.8% in the first quarter. NorthCrest Asset Manangement LLC now owns 169,586 shares of the company's stock worth $12,039,000 after acquiring an additional 6,252 shares during the period. Thomasville National Bank raised its position in shares of Citigroup by 1.2% in the first quarter. Thomasville National Bank now owns 45,322 shares of the company's stock worth $3,217,000 after acquiring an additional 540 shares during the period. Finally, Compagnie Lombard Odier SCmA raised its position in shares of Citigroup by 65.1% in the first quarter. Compagnie Lombard Odier SCmA now owns 6,174 shares of the company's stock worth $438,000 after acquiring an additional 2,434 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on C shares. Royal Bank of Canada reduced their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price target on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Piper Sandler restated an "overweight" rating and set a $77.00 price target (down previously from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 price objective (down previously from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group increased their price objective on shares of Citigroup from $75.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $84.30.

Citigroup Price Performance

Citigroup stock opened at $76.30 on Friday. The firm has a market cap of $142.51 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The company's 50 day moving average is $71.01 and its two-hundred day moving average is $73.03.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The business had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. On average, research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.94%. The ex-dividend date was Monday, May 5th. Citigroup's payout ratio is currently 35.39%.

Insiders Place Their Bets

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director now owns 13,048 shares of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is currently 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.

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