Citigroup Inc. (NYSE:C) Shares Purchased by Parcion Private Wealth LLC

Parcion Private Wealth LLC lifted its position in Citigroup Inc. (NYSE:C - Free Report) by 91.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,648 shares of the company's stock after purchasing an additional 3,648 shares during the period. Parcion Private Wealth LLC's holdings in Citigroup were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Orion Capital Management LLC purchased a new stake in shares of Citigroup during the 4th quarter valued at about $28,000. MorganRosel Wealth Management LLC bought a new stake in shares of Citigroup in the 1st quarter valued at approximately $28,000. American National Bank & Trust bought a new stake in shares of Citigroup in the 1st quarter valued at approximately $29,000. Mascagni Wealth Management Inc. bought a new stake in shares of Citigroup in the 4th quarter valued at approximately $34,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Citigroup by 68.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 577 shares of the company's stock valued at $38,000 after purchasing an additional 234 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Up 0.4%

C traded up $0.35 during trading hours on Friday, reaching $93.44. The company's stock had a trading volume of 16,590,582 shares, compared to its average volume of 14,675,328. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $93.80. The stock has a market cap of $174.52 billion, a PE ratio of 13.80, a P/E/G ratio of 0.68 and a beta of 1.34. The business's 50-day moving average is $80.43 and its 200-day moving average is $75.45. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.98.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The company had revenue of $21.67 billion for the quarter, compared to analysts' expectations of $20.75 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The firm's revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.57%. This is a positive change from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio is currently 33.09%.

Insiders Place Their Bets

In other news, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director owned 2,140 shares of the company's stock, valued at approximately $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was 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. This represents a 25.29% decrease in their position. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

C has been the subject of a number of recent analyst reports. Royal Bank Of Canada dropped their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. UBS Group reiterated a "neutral" rating and set a $89.00 price objective on shares of Citigroup in a report on Tuesday. Wall Street Zen upgraded shares of Citigroup from a "sell" rating to a "hold" rating in a report on Friday. Keefe, Bruyette & Woods reissued a "buy" rating on shares of Citigroup in a report on Wednesday. Finally, Piper Sandler increased their target price on Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.46.

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.