Michels Family Financial LLC Makes New $1.01 Million Investment in Citigroup Inc. (NYSE:C)

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in C. Core Alternative Capital raised its stake in shares of Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares during the period. Orion Capital Management LLC bought a new position in shares of Citigroup during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC bought a new stake in shares of Citigroup in the fourth quarter worth $35,000. Webster Bank N. A. boosted its holdings in Citigroup by 150.0% during the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after purchasing an additional 300 shares during the last quarter. Finally, Sierra Ocean LLC bought a new position in Citigroup in the fourth quarter valued at $37,000. 71.72% of the stock is currently owned by institutional investors.

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 value of $301,504.42. Following the completion of the transaction, the director now directly owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company's stock.

Citigroup Trading Up 0.4%

Shares of NYSE C traded up $0.27 during trading on Thursday, reaching $75.30. The company had a trading volume of 5,249,391 shares, compared to its average volume of 14,515,023. The stock has a market cap of $140.64 billion, a P/E ratio of 12.64, a PEG ratio of 0.64 and a beta of 1.30. The company's fifty day moving average price is $68.85 and its 200-day moving average price is $72.36. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74.

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

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors 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 annualized dividend and a yield of 2.97%. Citigroup's payout ratio is 35.39%.

Analysts Set New Price Targets

Several research firms recently weighed in on C. Evercore ISI decreased their target price on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. The Goldman Sachs Group reduced their price target on Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Morgan Stanley cut their target price on Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 price objective (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and an average price target of $83.97.

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.