Michels Family Financial LLC Buys Shares of 14,311 Citigroup Inc. (NYSE:C)

Michels Family Financial LLC acquired a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,311 shares of the company's stock, valued at approximately $1,007,000. Citigroup makes up approximately 0.9% of Michels Family Financial LLC's portfolio, making the stock its 28th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. True Wealth Design LLC boosted its position in shares of Citigroup by 11.1% during the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock valued at $84,000 after acquiring an additional 119 shares during the last quarter. Continuum Advisory LLC raised its stake in Citigroup by 1.9% in the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock valued at $459,000 after purchasing an additional 120 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC lifted its position in Citigroup by 1.6% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock valued at $608,000 after purchasing an additional 135 shares during the last quarter. Hemington Wealth Management lifted its holdings in shares of Citigroup by 10.9% during the 4th quarter. Hemington Wealth Management now owns 1,387 shares of the company's stock worth $97,000 after acquiring an additional 136 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in Citigroup by 3.4% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock valued at $289,000 after acquiring an additional 137 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Insider Transactions at Citigroup

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 sale, the director now directly owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This represents a 25.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.08% of the company's stock.

Citigroup Trading Up 3.2%

Shares of C stock traded up $2.33 during trading hours on Tuesday, reaching $75.42. The company's stock had a trading volume of 12,142,676 shares, compared to its average volume of 14,544,589. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. The stock 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. The firm's fifty day simple moving average is $68.71 and its 200 day simple moving average is $72.32.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) 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 the consensus estimate of $21.34 billion. Equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were issued 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 yield of 2.97%. Citigroup's dividend payout ratio (DPR) is 35.39%.

Wall Street Analysts Forecast Growth

C has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Wall Street Zen downgraded shares of Citigroup from a "hold" rating to a "sell" rating in a research note on Saturday. Cowen began coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating for the company. Royal Bank of Canada reduced their target price on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price target (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $83.97.

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.