Leigh Baldwin & CO. LLC Takes Position in Citigroup Inc. (NYSE:C)

Leigh Baldwin & CO. LLC bought a new position in Citigroup Inc. (NYSE:C - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 5,438 shares of the company's stock, valued at approximately $383,000.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in Citigroup by 3.4% during the 4th quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock valued at $24,844,000 after acquiring an additional 11,674 shares in the last quarter. Invesco Ltd. increased its position in shares of Citigroup by 13.8% during the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock valued at $1,143,633,000 after purchasing an additional 1,970,300 shares during the last quarter. Candriam S.C.A. increased its position 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 valued at $14,139,000 after purchasing an additional 22,657 shares during the last quarter. Brighton Jones LLC increased 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 valued at $1,407,000 after purchasing an additional 12,499 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its position in shares of Citigroup by 22.3% during the 4th quarter. Foundations Investment Advisors LLC now owns 319,669 shares of the company's stock valued at $22,502,000 after purchasing an additional 58,204 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Truist Financial decreased their target price on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a research report on Tuesday, May 20th. Bank of America decreased their price objective on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Royal Bank of Canada decreased their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.97.

Citigroup Price Performance

C stock traded up $2.33 during mid-day trading on Tuesday, reaching $75.42. 12,142,676 shares of the company traded hands, compared to its average volume of 14,544,589. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $140.86 billion, a P/E ratio of 12.68, a P/E/G ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The company has a fifty day moving average price of $68.78 and a 200-day moving average price of $72.34.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results 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. The business had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. As a group, analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's payout ratio is presently 35.39%.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The stock was 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 approximately $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.08% of the company's stock.

About Citigroup

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.