Citigroup Inc. (NYSE:C) Stock Holdings Increased by Park Avenue Securities LLC

Park Avenue Securities LLC raised its stake in Citigroup Inc. (NYSE:C - Free Report) by 13.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,803 shares of the company's stock after buying an additional 8,920 shares during the period. Park Avenue Securities LLC's holdings in Citigroup were worth $5,310,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Core Alternative Capital lifted its stake in Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after buying an additional 171 shares in the last quarter. Orion Capital Management LLC purchased a new stake in shares of Citigroup in the fourth quarter valued at $28,000. American National Bank & Trust purchased a new stake in shares of Citigroup in the first quarter valued at $29,000. Mascagni Wealth Management Inc. purchased a new stake in shares of Citigroup in the fourth quarter valued at $34,000. Finally, Creative Capital Management Investments LLC purchased a new stake in Citigroup during the 4th quarter worth about $35,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Citigroup 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 transaction of $301,504.42. Following the sale, the director now directly owns 13,048 shares in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Bank of America reduced their target price on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Morgan Stanley reduced their price objective on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Cowen initiated coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating for the company. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Finally, Royal Bank of Canada decreased their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Citigroup presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.30.

Citigroup Stock Performance

NYSE C traded down $0.15 on Thursday, hitting $78.23. The stock had a trading volume of 6,739,424 shares, compared to its average volume of 14,522,565. The company's 50-day moving average is $70.26 and its two-hundred day moving average is $72.91. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. The stock has a market cap of $146.11 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.64 and a beta of 1.33. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C - Get Free Report) last issued 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. The business had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. On average, analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

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

Citigroup Company 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.