Michels Family Financial LLC Acquires New Holdings 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 institutional investor acquired 14,311 shares of the company's stock, valued at approximately $1,007,000. Citigroup makes up 0.9% of Michels Family Financial LLC's holdings, making the stock its 28th biggest holding.

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

Citigroup Stock Down 0.6%

NYSE C traded down $0.43 during trading hours on Wednesday, hitting $75.04. 9,978,060 shares of the company traded hands, compared to its average volume of 14,526,396. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The business's 50-day moving average is $68.78 and its 200-day moving average is $72.34. The stock has a market capitalization of $140.15 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74.

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

Citigroup Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 2.99%. The ex-dividend date was Monday, May 5th. Citigroup's dividend payout ratio is 35.39%.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 4,417 shares of the business's 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on C. Wall Street Zen lowered Citigroup from a "hold" rating to a "sell" rating in a research report on Saturday. JPMorgan Chase & Co. dropped their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Bank of America reduced their target price on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $92.00 target price (down previously from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Finally, TD Cowen assumed coverage on Citigroup in a report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and a consensus target price of $83.97.

Citigroup 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.