Citigroup Inc. (NYSE:C) Shares Bought by NBC Securities Inc.

NBC Securities Inc. boosted its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 108,133.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,247 shares of the company's stock after purchasing an additional 3,244 shares during the period. NBC Securities Inc.'s holdings in Citigroup were worth $230,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Worth Asset Management LLC purchased a new stake in Citigroup in the first quarter worth $408,000. American National Bank & Trust bought a new position in shares of Citigroup in the first quarter worth about $29,000. Czech National Bank increased its stake in Citigroup by 5.1% in the 1st quarter. Czech National Bank now owns 431,141 shares of the company's stock worth $30,607,000 after buying an additional 21,077 shares during the period. Mirador Capital Partners LP lifted its holdings in Citigroup by 8.7% during the 1st quarter. Mirador Capital Partners LP now owns 31,187 shares of the company's stock valued at $2,214,000 after buying an additional 2,508 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its position in Citigroup by 3.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 20,872 shares of the company's stock valued at $1,482,000 after buying an additional 615 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director John Cunningham Dugan sold 4,417 shares of the firm'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 directly owns 13,048 shares in the company, valued at $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is owned by insiders.

Citigroup Stock Up 2.2%

C traded up $1.65 during trading on Friday, hitting $78.32. The stock had a trading volume of 11,514,514 shares, compared to its average volume of 14,600,134. The stock has a 50 day simple moving average of $69.43 and a two-hundred day simple moving average of $72.75. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The company has a market capitalization of $146.28 billion, a PE ratio of 13.16, a PEG ratio of 0.64 and a beta of 1.33.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data 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 return on equity of 6.62% and a net margin of 7.43%. The firm had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. On average, research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Analysts Set New Price Targets

C has been the subject of several research analyst reports. Morgan Stanley decreased their price target on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a research report on Tuesday, May 20th. The Goldman Sachs Group dropped 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. Cowen assumed coverage on Citigroup in a report on Wednesday, May 14th. They issued a "hold" rating for the company. Finally, Evercore ISI lowered their price objective 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. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.