Citigroup Inc. (NYSE:C) Shares Purchased by Pacific Global Investment Management Co.

Pacific Global Investment Management Co. raised its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 19.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,694 shares of the company's stock after purchasing an additional 3,316 shares during the period. Citigroup comprises 2.1% of Pacific Global Investment Management Co.'s portfolio, making the stock its 21st biggest position. Pacific Global Investment Management Co.'s holdings in Citigroup were worth $1,469,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in C. Brighton Jones LLC lifted its holdings in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after buying an additional 12,499 shares during the period. Lake Street Advisors Group LLC raised its position in shares of Citigroup by 4.1% in the 4th quarter. Lake Street Advisors Group LLC now owns 15,059 shares of the company's stock worth $1,060,000 after acquiring an additional 598 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of Citigroup by 2.1% during the 4th quarter. Checchi Capital Advisers LLC now owns 15,391 shares of the company's stock worth $1,083,000 after purchasing an additional 318 shares during the last quarter. NewEdge Wealth LLC boosted its position in Citigroup by 15.5% during the fourth quarter. NewEdge Wealth LLC now owns 18,119 shares of the company's stock valued at $1,275,000 after purchasing an additional 2,434 shares in the last quarter. Finally, Nwam LLC grew its stake in Citigroup by 11.5% in the fourth quarter. Nwam LLC now owns 6,122 shares of the company's stock valued at $431,000 after purchasing an additional 629 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 firm'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 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on C shares. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $92.00 price target (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Cowen started coverage on Citigroup in a research note on Wednesday, May 14th. They set a "hold" rating on the stock. Wall Street Zen lowered Citigroup from a "hold" rating to a "sell" rating in a research report on Friday. TD Cowen assumed coverage on Citigroup in a report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price target on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.03.

Citigroup Stock Performance

NYSE C traded up $0.76 on Monday, hitting $85.14. 12,949,719 shares of the company's stock traded hands, compared to its average volume of 14,582,074. The firm's 50-day moving average price is $74.53 and its two-hundred day moving average price is $73.64. The firm has a market capitalization of $159.02 billion, a PE ratio of 13.45, a P/E/G ratio of 0.66 and a beta of 1.33. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $85.43.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results 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 7.95% and a return on equity of 6.94%. The company had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. As a group, analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were paid 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 dividend yield of 2.63%. Citigroup's payout ratio is 35.39%.

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.