2,925 Shares in Citigroup Inc. (NYSE:C) Purchased by MJP Associates Inc. ADV

MJP Associates Inc. ADV purchased a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,925 shares of the company's stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of C. True Wealth Design LLC boosted its stake 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 worth $84,000 after acquiring an additional 119 shares during the last quarter. Continuum Advisory LLC boosted its stake in shares of Citigroup by 1.9% during the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock worth $459,000 after acquiring an additional 120 shares during the last quarter. Insight Inv LLC boosted its stake in shares of Citigroup by 0.5% during the 1st quarter. Insight Inv LLC now owns 27,268 shares of the company's stock worth $1,936,000 after acquiring an additional 146 shares during the last quarter. Trust Co. of Vermont raised its position in shares of Citigroup by 14.3% during the 1st quarter. Trust Co. of Vermont now owns 1,196 shares of the company's stock valued at $85,000 after purchasing an additional 150 shares during the period. Finally, Cadence Bank raised its position in shares of Citigroup by 3.8% during the 4th quarter. Cadence Bank now owns 4,162 shares of the company's stock valued at $293,000 after purchasing an additional 151 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director directly owned 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by company insiders.

Citigroup Price Performance

NYSE C traded up $0.77 on Monday, reaching $87.50. The company had a trading volume of 13,395,074 shares, compared to its average volume of 14,546,102. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $163.42 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The firm's 50 day moving average price is $78.74 and its 200 day moving average price is $74.92. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $88.83.

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, topping analysts' consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The firm had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. As a group, equities analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be issued a $0.60 dividend. This is an increase from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.74%. Citigroup's payout ratio is 35.39%.

Analyst Ratings Changes

Several brokerages have recently commented on C. Wall Street Zen downgraded shares of Citigroup from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Cowen began coverage on shares of Citigroup in a research report on Wednesday, May 14th. They set a "hold" rating on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Evercore ISI set a $77.00 price objective on shares of Citigroup in a research report on Monday, July 7th. Finally, Royal Bank Of Canada decreased their price objective on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $87.89.

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.