RFG Advisory LLC Increases Position in Citigroup Inc. (NYSE:C)

RFG Advisory LLC raised its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 424.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,775 shares of the company's stock after purchasing an additional 41,907 shares during the period. RFG Advisory LLC's holdings in Citigroup were worth $3,676,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Core Alternative Capital raised its position in Citigroup by 83.4% in the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares during the last quarter. Orion Capital Management LLC bought a new position in Citigroup in the 4th quarter valued at approximately $28,000. American National Bank & Trust acquired a new stake in Citigroup during the 1st quarter worth approximately $29,000. Mascagni Wealth Management Inc. acquired a new position in Citigroup in the 4th quarter valued at approximately $34,000. Finally, Creative Capital Management Investments LLC bought a new position in shares of Citigroup during the fourth quarter valued at $35,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the 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 now owns 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on C shares. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price objective (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price target on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Morgan Stanley cut their price objective on Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Finally, Bank of America decreased their target price on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and a consensus price target of $83.97.

Citigroup Stock Performance

Shares of NYSE:C traded up $1.49 during trading on Friday, hitting $78.16. 7,478,875 shares of the company were exchanged, compared to its average volume of 14,535,775. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The stock has a 50 day moving average of $69.27 and a 200 day moving average of $72.66. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $145.98 billion, a PE ratio of 13.14, a P/E/G ratio of 0.64 and a beta of 1.33.

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. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. As a group, equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were given a $0.56 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.87%. Citigroup's dividend payout ratio (DPR) 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.