Citigroup Inc. (NYSE:C) Stake Increased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its holdings in Citigroup Inc. (NYSE:C - Free Report) by 2,152.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 215,333 shares of the company's stock after buying an additional 205,773 shares during the period. Los Angeles Capital Management LLC's holdings in Citigroup were worth $15,286,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Alliance LLC boosted its position in shares of Citigroup by 56.0% during the first quarter. Wealth Alliance LLC now owns 9,546 shares of the company's stock valued at $678,000 after buying an additional 3,427 shares during the period. Bingham Private Wealth LLC increased its stake in Citigroup by 16.1% in the 1st quarter. Bingham Private Wealth LLC now owns 7,655 shares of the company's stock worth $543,000 after buying an additional 1,059 shares during the period. Sargent Investment Group LLC increased its stake in Citigroup by 7.0% in the 1st quarter. Sargent Investment Group LLC now owns 7,966 shares of the company's stock worth $566,000 after buying an additional 523 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in Citigroup by 3.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 145,832 shares of the company's stock worth $10,353,000 after buying an additional 4,403 shares during the period. Finally, J.W. Cole Advisors Inc. increased its stake in Citigroup by 112.0% in the 1st quarter. J.W. Cole Advisors Inc. now owns 26,695 shares of the company's stock worth $1,895,000 after buying an additional 14,101 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Up 1.6%

NYSE C traded up $1.44 during trading hours on Tuesday, reaching $94.09. The company had a trading volume of 15,270,800 shares, compared to its average volume of 14,690,905. The stock has a 50-day moving average of $80.43 and a 200 day moving average of $75.52. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $94.47. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $175.74 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The company had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same period in the prior year, the business earned $1.52 EPS. The firm's quarterly revenue was up 8.2% on a year-over-year basis. As a group, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.55%. This is a positive change from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio (DPR) is currently 33.09%.

Analyst Ratings Changes

Several equities analysts recently issued reports on C shares. Evercore ISI set a $77.00 price objective on shares of Citigroup in a report on Monday, July 7th. UBS Group reissued a "neutral" rating and set a $89.00 price target on shares of Citigroup in a research report on Tuesday, July 15th. Bank of America increased their price target on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Dbs Bank upgraded shares of Citigroup from a "hold" rating to a "moderate buy" rating in a research note on Thursday, July 17th. Finally, Morgan Stanley increased their price target on shares of Citigroup from $103.00 to $107.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Citigroup currently has an average rating of "Moderate Buy" and an average target price of $96.46.

Insider Buying and Selling at Citigroup

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